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High-Frequency Traders Catch a Break in EU Market-Making Rules
Regulations seek to ensure market making is more stable
Venues aren't required to give incentives for some assets
September 29, 2015--High-frequency traders just caught a break in Europe, where it's now easier to escape stricter rules for market makers.
European Union regulators on Monday revised proposals for overhauling the 28-nation club's financial markets. For traders, there's a change from their previous plans: You're not considered a market maker--and therefore subject to new obligations--until you're supplying bids and offers for a given stock or financial product for half the trading day. Before, the threshold was only 30 percent of the day.
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Source: Bloomberg
Russia Business Sentiment Highest Since July 2014
Rouble Weakness Causes Inflationary Pressures to Build
September 29, 2015--Companies in Russia were surprisingly a little more
optimistic about the current business environment in September, shrugging off last month's China-led global equity and commodity rout.
The MNI Russia Business Sentiment Indicator rose 1.3% to 53.0 in September from 52.3 in August.
This month's outturn lifted the indicator just above the series average of 52.4 and meant that Q3 came in at 52.2 compared with the 49.7 recorded in Q2.
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Source: MNI Indicators
ISEdirect services extended to include submission of fund NAVs
September 29, 2015--This information is relevant to individuals or organisations who submit Net Asset Values (NAVs) in relation to funds listed on the Irish Stock Exchange (ISE).
The new process for submitting Net Asset Values (NAVs) to the ISE via ISEdirect commences today.
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Source: Irish Stock Exchange
DekaBank To License Newly Launched EURO iSTOXX ex Financials High Dividend 50 Index
September 29, 2015--STOXX Limited, a leading provider of innovative, tradable and global index concepts, today announced that the newly launched EURO iSTOXX ex Financials High Dividend 50 Index has been licensed to DekaBank as the underlying for an exchange-traded fund (ETF).
The Deka EURO iSTOXX ex Fin Dividend+ UCITS ETF will be listed on Deutsche Börse and Börse Stuttgart today.
"The newly launched EURO iSTOXX ex Financials High Dividend 50 Index combines access to the performance of leading Euro zone companies without exposure to the financial industry with a screen for high dividend yielding companies," said Hartmut Graf, chief executive officer, STOXX Limited.
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Source: STOXX
New Deka equity index ETF launched on Xetra
ETF tracks highest dividend stocks in euro zone excluding financials
September 29, 2015--A new equity index ETF issued by Deka Investment GmbH has been tradable on Xetra and Börse Frankfurt since Tuesday.
ETF-name: Deka EURO iSTOXX ex Fin Dividend+ UCITS ETF
Asset class: equity index ETF
ISIN: DE000ETFL482
Total expense ratio: 0.3 percent
Distribution policy: distributing
Benchmark: EURO iSTOXX ex Financials High Dividend 50 Index
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Source: Xetra
Deutsche Boerse partners with REGIS-TR to support clients in meeting MiFID II requirements
September 29, 2015--Comprehensive reporting systems for on and off-exchange transactions will cover various regulations/Regular workshops with regulators and clients
Starting immediately, Deutsche Börse, together with the European Trade Repository REGIS-TR, is helping clients to meet regulatory requirements under the new MiFID II European financial directive. REGIS-TR is jointly run by Deutsche Börse's subsidiary Clearstream and Iberclear (BME Group). The Markets in Financial Instruments Directive (MiFID II) will enter into force in 2017.
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Source: Deutsche Börse
From Recovery to Reinvigorated Growth in South East Europe
September 28, 2015--STORY HIGHLIGHTS
The latest World Bank South East Europe Regular Economic Report points to a recovery in growth in the six economies of the region-Albania, Bosnia and Herzegovina, Kosovo, the Former Yugoslav Republic of (FYR) Macedonia, Montenegro, and Serbia.
While this recovery is welcome, the weak and volatile growth in the region since the global financial crisis has tapered the progress in bringing incomes closer to the ones in the EU.
The introduction of policies and reforms aimed at ensuring that the recent nascent growth becomes more robust and resilient can also help to support the medium-term challenge of reinvigorating the region's pace of income convergence towards higher income status.
view the South East Europe Regular Economic Report-Growth Recovers, Risks Heighten
Source: World Bank
ECB-Monetary developments in the euro area: August 2015
September 25, 2015--The annual growth rate of the broad monetary aggregate M3 decreased to 4.8% in August 2015, from 5.3% in July.
The annual growth rate of the narrower aggregate M1, which includes currency in circulation and
overnight deposits, decreased to 11.4% in August, from 12.2% in July.
The annual growth rate of loans to households (adjusted for loan sales and securitisation in accordance
with the new method announced on 21 September1) stood at 1.0% in August, after 0.9% in July.
The annual growth rate of loans to non-financial corporations adjusted for loan sales and securitisation stood at 0.4% in August, after 0.3% in July.
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Source: ECB
Forecasts for the UK economy: September 2015
September 23, 2015--Forecasts for the UK economy is a monthly comparison of independent forecasts.
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Source: HM Treasury
UBS launches eight new Factor ETFs on Xetra
ETFs give investors access to the MSCI factor index family
September 22, 2015--Eight new factor ETFs from UBS Global Asset Management have been tradable on Xetra and Börse Frankfurt since Tuesday.
The eight new UBS factor ETFs give investors the opportunity to participate in the performance of companies in the Eurozone and USA that were chosen according to one of the following factors: low volatility, quality, substance and distribution yield.
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Source: Xetra