Punishing terms of Greek bailout deal
July 13, 2015-The austerity measures that Greece agreed to on Monday in return for a bailout to stave off a euro exit involve some of the harshest terms Athens has faced in five years of rescue programmes.
Here are the key points of the statement issued by eurozone leaders after 17 exhausting hours of talks, with many far-reaching steps for Greece to take:
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Source: EUbusiness
ESMA agrees to further renewal of short selling ban by Greek HCMC
July 13, 2015--The European Securities and Markets Authority (ESMA) has issued its official opinion agreeing to a further renewal, for a period of seven days, of the emergency short selling prohibition originally imposed by the Hellenic Capital Market Commission (HMCM) under the Short Selling Regulation on Monday 6 July.
The ban will take effect at 00:00:01 hours (CET) 14 July 2015 and remain in place until 24:00:00 (CET) on 20 July 2015 and temporarily prohibits transactions in any financial instrument that creates, or increases, a net short position on any of the shares admitted to trading on the Athens Exchange and Multilateral Trading Facility "EN.A".
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Source: ESMA
Closure looms for hundreds of defined benefit pension schemes
July 12, 2015--A UK government consultation on radical changes to the retirement system could force hundreds of final salary pension schemes into closure, according to an influential consultancy
Defined benefit pension schemes, which pay out an income based on employee earnings at retirement, are already in decline as companies struggle to cope with the cost and volatility of running such funds.
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Source: FT.com
Five Lyxor Factor ETFs launched on Xetra
ETFs provide access for the first time to risk factor strategies of the J.P. Morgan Europe index family
July 10, 2015--Five new exchange-listed index funds issued by Lyxor International Asset Management have been tradable on Xetra and Börse Frankfurt since Friday.
The new Lyxor ETFs track the performance of the J.P. Morgan Europe Factor Indices, which comprise 40 European stock corporations from the MSCI Europe Index depending on the tracked strategy. The selection and weighting of each stock is based on the respective strategy: low-beta, company value, company size, momentum and earnings quality.
The low-beta strategy selects companies with a low beta factor. The beta factor shows how sensitively the share price reacts to changes in an index.
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Source: Xetra
Statistics: Forecasts for the UK economy: June 2015
June 17, 2015--Forecasts for the UK economy is a monthly comparison of independent forecasts.
Please note that Forecasts for the UK economy is a summary of published material reflecting the views of the forecasting organisations themselves and does not in any way provide new information on the Treasury's own views. It contains only a selection of forecasters, which is subject to review.
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Source: HM Treasury
Flow Traders shares soar on debut
July 10, 2015--Shares in Flow Traders soared more than 12 per cent on its debut as the Dutch group became the first high-frequency trader to list in Europe.
In morning trade in Amsterdam its shares were at about €36, up from its listing price of €32. That gave the group a market capitalisation of about €1.6bn and further underlined investors' willingness to invest in the sometimes controversial industry.
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Source: FlowTraders
Euronext Amsterdam welcomes Flow Traders
Successful IPO values Flow Traders over €1.5 billion on listing
July 10, 2015--Today Flow Traders, a leading global technology-enabled liquidity provider, celebrated its listing on Euronext Amsterdam.
Trading in Flow Traders shares (ticker symbol: FLOW) started this morning after its strong IPO.
Flow Traders is aleading, technology-enabled liquidity provider operating on a global scale that specialises in providing liquidity in ETPs by quoting bid and ask prices, enabling market participants to buy and sell ETPs efficiently. Flow Traders provides liquidity in over 4,000 ETP listings across the globe, tracking all underlying asset classes including equities, fixed income, commodities and currencies. Flow Traders is headquartered in Amsterdam with trading offices in Asia and the US covering all time zones.
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Source: Euronext
Greece submits new bailout plan to avoid euro exit
July 10, 2015-- Greece early Friday laid out details of a new bailout plan to save it from the brink of financial collapse, offering a pensions overhaul and tax hikes in return for debt relief and a rescue loan from the eurozone.
The last-ditch package, handed in just two hours before a crucial deadline of midnight (2200 GMT) Thursday, closely resembled an offer put forward by Greece's international paymasters before talks broke down last month, but there was no immediate word on whether it would be enough to unlock fresh aid.
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Source: EUbusiness
Deutsche Borse and Shanghai Stock Exchange celebrate first successful year of market data cooperation
Eight clients from mainland China signed in total
July 9, 2015--Deutsche Börse and Shanghai Stock Exchange (SSE) celebrate the anniversary of their successful market data cooperation.
Three new clients signed today to get access to key Deutsche Börse market data via SSE. Now a total of eight clients use this connection.
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Source: Deutsche Börse
HM Treasury-Treasury minutes: July 2015
July 9, 2015--The HM Treasury-Treasury minutes: July 2015 is available.
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