ESMA publishes Addendum Consultation Paper to implementing rules for MiFID II/MiFIR
February 18, 2015--The European Securities and Markets Authority (ESMA) has published today a consultation paper (CP) which complements the transparency section of the CP on MiFID II/MiFIR published on 19 December 2014.
This CP covers the following non-equity asset classes: (1) foreign exchange derivatives; (2) credit derivatives; (3) other derivatives; and (4) contracts for difference (CFDs).
For each asset class two sections are provided
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Addendum Consultation Paper MiFID II/MiFIR
Source: ESMA
STOXX Ltd. Expands Smart-Beta Offering With STOXX Sharpe Ratio Index Family - STOXX Europe Sharpe Ratio 50 Index Licensed To JP Morgan
February 18, 2015--STOXX Limited, a leading provider of innovative, tradable and global index concepts, today released a first-of-its-kind index family that selects components based on their Sharpe ratios.
The STOXX Sharpe Ratio indices include stocks from the respective benchmarks that have the highest Sharpe ratios, while excluding those with low dividend yields and low liquidity. JP Morgan has licensed the STOXX Europe Sharpe Ratio 50 Index for a structured product.
"Sharpe ratio takes into account both risk and return, and this index family offers an effective and transparent tool to target those companies that offer some of the most attractive risk-adjusted returns," said Hartmut Graf, chief executive officer, STOXX Limited. "The STOXX Sharpe Ratio index family is an important addition to our smart-beta offering, which includes several other indices, such as Minimum Variance, Strong Quality, Strong Balance Sheet, among others."
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Source: STOXX
Q & A on the Green Paper on building a Capital Markets Union
February 18, 2015--General Questions
What does the term 'Capital Markets Union' mean?
The free movement of capital is a long-standing objective of the European Union-a fundamental freedom which should be at the heart of the single market.
Despite the progress that has been made, Europe's capital markets remain fragmented along national lines and European economies remain heavily reliant on banks for their funding needs. This makes them more vulnerable in bad times to a tightening of bank lending, as happened during the financial crisis.
The Capital Markets Union (CMU) is a flagship initiative of this Commission and will contribute to the ambition to boost jobs and growth in the EU in the context of the Investment Plan for Europe.
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Source:European Commission
Ossiam launches Shiller Barclays CAPE Sector Value Europe ETF
February 17, 2015--Ossiam, a leading provider of smart beta investment solutions, has teamed up with Barclays to launch the Ossiam Shiller Barclays CAPE Europe Sector Value TR UCITS ETF 1C (EUR).
The fund, which has been listed on the London Stock Exchange, is the first ETF globally to be based on the Shiller Barclays CAPE Sector Indices.
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Source: etfstrategy.co.uk
SocGen buys stake in trading platform
February 17, 2015--Société Générale has bought a minority stake in a UK start-up trading platform in a move that underlines how banks are exploring hybrid fixed income derivatives to ease their capital requirements.
The French bank has followed Deutsche Börse in buying an undisclosed stake in Global Markets Exchange Group and will provide execution and clearing services for its clients when the London-based venue goes live in the second quarter.
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Source: FT.com
Source increases number of managing directors to nine
February 16, 2015--Source is pleased to announce that Kevin Gant, James King and Stephen Crowe have been promoted to the position of Managing Director.
In addition, five staff members have been promoted to Executive Director, one to Director and four to Associate level. These awards are in recognition of individual achievements following another successful year for the firm.
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Source: Source
UBS Global Asset Management lists new ETF on the London Stock Exchange (LSE)
February 16, 2015-- UBS Global Asset Management has today listed a new ETF on the LSE. The UBS ETF (LU) MSCI EMU hedged USD UCITS ETF (USD) A-dis offers investors the opportunity to invest in equities from Eurozone countries with US dollar currency hedging.
The ETF offers investors the opportunity to invest in equities from Eurozone countries with US dollar currency hedging.
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Source: etfworld.co.uk
New Ossiam Smart Beta ETF launched on Xetra
ETF tracks performance of undervalued European sectors
February 16, 2015--A new equity index fund issued by Ossiam has been tradeable in Deutsche Börse's XTF segment on Xetra since Monday.
ETF name: Ossiam Shiller Barclays Cape Europe Sector Value TR- UCITS ETF
Asset class: equity index ETF
ISIN: LU1079842321
Total expense ratio: 0.65 percent
Distribution policy: accumulating
Benchmark: Shiller Barclays CAPE Europe Sector Value Net TR Index
The new Ossiam ETF enables investors to participate in the performance of the four most undervalued European sectors.
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Source: Xetra
Market Vectors Global Junior Gold Miners Index Licensed to ProShares
Index to underlie inverse and leveraged ETFs listed on NYSE Arca
February 13, 2015--Market Vectors Index Solutions GmbH (MVIS) today announced the licensing of the Market Vectors Global Junior Gold Miners Index (MVGDXJ) to ProShares, one of the top ten providers of exchange-traded products (ETPs) in the United Sates.
The ProShares UltraShort Junior Miners ETF (GDJS) and the ProShares Ultra Junior Miners ETF (GDJJ) are listed on the New York Stock Exchange Arca and start tracking the index today.
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Source: MarketVectors
Xetra Dax energised by GDP rebound
February 13, 2014--Industrial and financial stocks led a resurgent Xetra Dax on Friday after stronger than expected German growth data energised Frankfurt's main equities index.
A broad overall rally took it above the 11,000 point mark for the first time, to a session peak of 0.6 per cent to 11,013.8.
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Source: FT.com
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