European Parliament moves toward regulation of benchmarks
March 5, 2015--Cora van Nieuwenhuizen, the lawmaker leading an EU proposal to regulate financial benchmarks, said leaders are working toward a compromise.
National regulators would be authorized to toughen up certain benchmark rules, she said. "Everybody feels a sense of urgency that we really have to do something to avoid affairs like [the London Interbank Offered Rate]," van Nieuwenhuizen said. "We can reach an agreement in the coming weeks."
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Source: SmartBrief
UK official holdings of international reserves: February 2015
March 4, 2015--This monthly release shows details of movements in the UK's official holdings of international reserves, or assets. These consist of gold, foreign currency assets and International Monetary Fund assets.
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Source: HM Treasury
GFT Technologies AG to be included in TecDAX
March 4, 2015--On Wednesday Deutsche Börse decided on changes in its selection indices which will become effective on 23 March 2015.
The shares of GFT Technologies AG will be included in TecDAX and will replace the shares of Kontron AG.
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Source: Deutsche Börse
Vanguard's march to Europe tracks ECB's quantitative easing
March 4, 2015--Vanguard, one of the world's largest providers of passive investment products such as index-tracking funds, has been a big and powerful presence in the US mutual fund market for years.
Now the group plans to steal a march on Europe.
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Source: FT.com
Revised lists of the Moscow Exchange Indices announced
March 3, 2015--Moscow Exchange has revised lists for the constituent lists of the Moscow Exchange Indices as well as free floats effective from March 18, 2014 through June 16, 2014.
Cherkizovo Group and Pharmstandard ords will be added to the MICEX Index and RTS Index, while KAMAZ ords and Mechel prefs will be removed.
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Source: Moscow Exchange
Boerse Stuttgart generates turnover of around EUR 8.6 billion in February
Trading volume up on February 2014//Brisk trading in corporate bonds
March 3, 2015--According to its order book statistics, turnover at Boerse Stuttgart amounted to around EUR 8.6 billion in February 2015. This meant the trading volume was down in comparison with January, when turnover was particularly high, but up by almost 7 percent year on year.
Securitised derivatives accounted for the largest share of the turnover. The trading volume in this asset class was approximately EUR 4 billion-an increase of almost 19 percent compared with February 2014. Turnover from leverage products was over EUR 2.1 billion-more than 26 percent higher than in February 2014. At around EUR 1.9 billion, turnover from investment products was up more than 11 percent year on year.
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Source: Boerse Stuttgart
STOXX announces component changes to STOXX Eastern Europe 50 Index
March 3, 2015--STOXX Limited, a leading provider of innovative, tradable and global index concepts, today announced component changes in the STOXX Eastern Europe 50 Index due to the regular semi-annual review.
All changes become effective with the open of markets on Mar. 23, 2015.
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Source: STOXX
Turnover at Deutsche Boerse's cash markets at 125.5 billion euros in February
March 2, 2015-Order book turnover on Xetra, Börse Frankfurt and Tradegate Exchange across all asset classes stood at €125.5 billion in February (February 2014: €102.6 billion).
Of the €125.5 billion, €113.4 billion were attributable to Xetra (February 2014: €93.4 billion). The average daily turnover on Xetra stood at €5.7 billion in February (February 2014: €4.7 billion).
A turnover of €4.9 billion was attributable to Börse Frankfurt (February 2014: €4.7 billion). Order book turnover on Tradegate Exchange* totalled approximately €7.2 billion in February (February 2014: €4.6 billion).
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Source: Deutsche Börse
Russia Moves to Shore Up Budget
Finance minister outlines cuts in social and maybe even military spending as well as raising pension age
March 2, 2015--Faced with lower oil prices and a slowing economy, Russia needs to trim its budget,
possibly even military spending, and raise its pension age, the country's Finance Minister Anton Siluanov said Monday.
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Source: Wall Street Journal
ETF Flows Show Investors Flocking to the Eurozone
March 2, 2015--The steady stream of evidence that shows investors barelling back into eurozone equities just got its latest datapoint: Exchange-traded funds with eurozone exposure received inflows of $19.3 billion so far this year
.according to figures from data firm Markit, following two consecutive quarters of outflows.
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Source: Wall Street Journal
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