BlackRock partners with Euroclear and Clearstream to migrate 20 ETFs to international settlement structure
November 12, 2015--Centralised post-trade arrangements increase liquidity- efficiency and reduce cost
BlackRock, Euroclear and Clearstream have partnered to migrate 20 iShares ETFs to an international issuance and settlement structure.
BlackRock issued the first ETF with an international security structure in 2013, and has launched all new funds since March 2015 on this platform. These 20 ETFs, with $2.9 billion in assets under management Source: BlackRock,
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Source: Euroclear
Saxo rolls out SaxoTraderGo to other banks and brokers
November 11, 2015--Institutional build out to be bolstered through deeper white label partnerships
Saxo Markets, the Institutional Division of Saxo Bank Group, continues to enhance its institutional credentials by making its next generation multi-asset trading platform, SaxoTraderGO, available to its white label clients (WLCs).
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Source: Saxo Bank
New Van Eck Global equity index ETF launched on Xetra
First ETF with focus on most competitive US stock corporations
November 9, 2015--A new exchange-listed index fund issued by Van Eck Global (Europe) has been tradable on Xetra and Börse Frankfurt since Monday.
The Market Vectors Morningstar US Wide Moat UCITS ETF will give investors first-time access to companies that Morningstar's analysis of valuations has identified as having a structural competitive advantage. These promise above-average returns. The 20 US companies in the reference index cover eight different industries, with consumer staples, industry and information technology accounting for some 51 percent.
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Source: Xetra
BMO launches European ETF range
November 7, 2015--BMO Global Asset Management has launched a range of European-listed exchange traded funds
in a move that provides further evidence of...
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Source: FT.com
Lyxor's flagship synthetic exchange traded fund becomes physical
November 7, 2015--The future of "synthetic" exchange traded funds that use futures to follow an index was dealt another blow last week after Lyxor, the French asset manager, dropped the synthetic structure for one of its biggest funds.
Lyxor, Europe's third-largest ETF provider by assets, has converted its flagship $8.6bn Euro Stoxx 50 ETF into a physically traded equivalent...
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Source: FT.com
Unscheduled free float adjustment in SDAX
Changes to be effective as of 11 November
November 6, 2015--Deutsche Börse AG has announced an unscheduled adjustment to the free float of alstria office REIT AG in SDAX.
The company's free float changed by more than 10 percentage points, which was caused by a capital increase due to the acquisition of another company as well as a significant change in the shareholder structure.
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Source: Deutsche Börse
Consultation paper on indirect clearing under EMIR and MiFIR
November 5, 2015--ESMA has published the Consultation paper on indirect clearing under EMIR and MiFIR.
view the Consultation Paper-Indirect clearing arrangements under EMIR and MiFIR
Source: ESMA
European Commission-Autumn 2015 Economic Forecast: Moderate recovery despite challenges
November 5, 2015--The economic recovery in the euro area and the European Union as a whole is now in its third year. It should continue at a modest pace next year despite more challenging conditions in the global economy.
Against a backdrop of declining oil prices, accommodative monetary policy and a relatively weak external value of the euro, the economic recovery this year has been resilient and widespread across Member States. It has, however, remained slow.
The impact of the positive factors is fading, while new challenges are appearing, such as the slowdown in emerging market economies and global trade, and persisting geopolitical tensions. Backed by other factors, such as better employment performance supporting real disposable income, easier credit conditions, progress in financial deleveraging and higher investment, the pace of growth is expected to resist the challenges in 2016 and 2017. In some countries, the positive impact of structural reforms will also contribute to supporting growth further.
Overall, euro area real GDP is forecast to grow by 1.6% in 2015, rising to 1.8% in 2016 and 1.9% in 2017. For the EU as a whole, real GDP is expected to rise from 1.9% this year to 2.0% in 2016 and 2.1% in 2017.
view the European Economic Forecast-Autumn 2015
Source: European Commission
Four WisdomTree equity index ETFs launched on Xetra
ETFs track German, European and Japanese companies with weighting factor dividends
November 5, 2015-Four new exchange-listed index funds issued by WisdomTree have been tradable on Xetra and Börse Frankfurt since Thursday. The stock corporations in the reference indices are weighted according to dividend amount, with those paying a higher dividend weighted heavier.
The new WisdomTree Germany Equity UCITS ETF enables investors to participate in the performance of German stock corporations that generate at least 20 percent of their earnings outside Germany.
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Source: Deutsche Börse Cash Market:
Positive market reception for recently launched Euro-BONO- and Mini-DAX-Futures
November 4, 2015--The two Eurex Exchange futures contracts newly listed last week have already generated considerable trading volume in their first week of trading.
The Euro-BONO-Futures contract, launched on 26 October, has achieved an average daily volume of more than 1,000 contracts since its launch, in total 7,008 contracts
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Source: Eurex
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