ESAs publish final draft technical standards on margin requirements for non-centrally cleared derivatives
March 9, 2016--The Joint Committee of the European Supervisory Authorities (EBA, EIOPA, ESMA-ESAs) published the final draft Regulatory Technical Standards (RTS) outlining the framework of the European Market Infrastructure Regulation (EMIR).
These RTS cover the risk mitigation techniques related to the exchange of collateral to cover exposures arising from non-centrally cleared over-the-counter (OTC) derivatives. They also specify the criteria concerning intragroup exemptions and the definitions of practical and legal impediments to the prompt transfer of funds between counterparties.
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Source: ESMA
WisdomTree Europe's Boost Short & Leverage ETP range hits new trading volume record in February
March 8, 2016-Boost ETP, Europe's award winning, specialist Short & Leverage (S&L) Exchange-Traded Product (ETP) provider reaches a record $1.5bn of total monthly exchange turnover in February this year.
This record turnover across all 64 Boost short & leverage products this past month represents a 186% increase year-on-year and 22% since January.
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Source: Boost ETP
Deutsche Borse announces new leadership structure within Market Data + Services
March 8, 2016--Deutsche Börse Group today announced changes in the leadership structure of its Market Data + Services (MD+S) business area, which is part of the recently created division "IT & Operations, Data & New Asset Classes", headed by Deputy Group CEO Andreas Preuss
With immediate effect, MD+S activities will be bundled in four major service lines: Regulatory Services, Data Services, Index Services (incl. STOXX) and Infrastructure Services
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Source: Deutsche Börse
Implementation of new leadership structure for Eurex trading and clearing business
March 8, 2016--Effective 7 March 2016, Thomas Book, Managing Director at Deutsche Börse Group, has been appointed CEO of the Eurex Frankfurt AG and Eurex Zürich AG as part of his new role as Head of Derivatives Markets Trading for Deutsche Bouml;rse Group.
Michael Peters was appointed new Deputy CEO of Eurex Frankfurt AG and has been a member of this Executive Board since 2006.
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Source: Eurex
European Commission-Fact Sheet European Semester 2016:-winter package explained
March 8, 2016--What is the Commission presenting today?
Today, as part of its Winter Package for the 2016 European Semester, the Commission adopted a Communication summarising the main findings and results of the 26 country reports and 18 in-depth reviews published on 26 February.
The Communication includes new steps under the macroeconomic imbalances procedure (MIP) and a simplified categorisation of imbalances in the MIP.
This lays the basis for the adoption of country-specific recommendations in spring. The early publication of the country-specific analyses and results will enable thorough discussions at EU and Member State level.
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Source: European Commission
HFTs sign up to LSE's ETF market
March 7, 2016--Four high-profile proprietary trading firms have signed up to trade on an exchange-traded funds market launched by the London Stock Exchange two years ago that offers a simplified settlement process to help boost trading in such products.
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Source: Financial News
db x-trackers ETF on US dollar-denominated corporate bonds with currency hedge launched on Xetra
Bonds issued by companies in industrial, utilities and financial services sectors
March 7, 2016--A new db x-trackers bond index ETF from Deutsche Asset Management's product offering has been tradable via Xetra and Börse Frankfurt since Monday, 7 March.
Name: db x-trackers Barclays USD Corporate Bond UCITS ETF (DR)(EUR)
Asset class: bond index ETF
ISIN: IE00BZ036J45
Total expense ratio: 0.25%
Distribution policy: distributing
Reference index: Barclays USD Liquid Investment Grade Corporate EUR Hedged Index.
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Source: Deutsche Börse Cash Market
Moscow Exchange launches ETF on the RTS Index
March 4, 2016--On 4 March, Moscow Exchange celebrated the launch of trading in the FinEx Russian RTS Equity UCITS ETF (FXRL), the first Russian exchange-traded fund on the RTS Index.
The fund's shares were admitted to trading on the Exchange's Level 3 List on 1 March, and began trading on 2 March. The fund's shares are denominated in USD, while trading on the Moscow Exchange will be in RUB.
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Source:Moscow Exchange
Lyxor ETF Barometer- February 2016
March 4, 2016--European ETF Market flows reached a one-year record low in February 2016. Outflows during this month amounted to EUR271M. Total Assets under Management are down 5% vs. the end of 2015, reaching EUR428.5bn, and including a negative market impact (-4.2%*).
Equity ETFs were hit by the increasingly risky environment while fixed income govies ETFs benefited from their safe haven status...
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Source: Lyxor
Exchange consolidation puts clearing house risk in the spotlight
March 4, 2016--Potential merger of Deutsche Börse and LSE being closely watched by regulators.
Companies and dignitaries invited to open trading on the London Stock Exchange undertake a particular ritual. Amid an airy atrium, they stand on a first-floor platform and drop a Perspex block into a slot.
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Source: FT.com
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