Banks Won't Stop EU Push on Prop-Trading, Firewall Rules
December 17, 2014-The European Union's new financial-services chief, Jonathan Hill, said he'll press on with plans criticized by the financial industry on curbing some proprietary trading and erecting firewalls between consumer and investment banks.
Hill, who became EU commissioner for financial services and stability on Nov. 1, said the bloc's existing regulations don't go far enough to tame the threat posed by the collapse of a systemic lender.
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Souce: Bloomberg BusinessWeek
State Street Ups Ante In European ETF Price Wars With Another Round Of Price Cuts
December 17, 2014--Earlier this week, State Street announced plans to slash the expense ratios for two of its popular European exchange-traded funds (ETFs) by roughly 20%.
This move follows a much larger round of price cuts announced by State Street in late September, when the global custody banking and asset management giant lowered the expense ratios of 15 of its core equity and fixed income ETFs.
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Source: Forbes
Statistics-Forecasts for the UK economy: December 2014
December 17, 2014--Forecasts for the UK economy is a monthly comparison of independent forecasts.
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Source: HM Treasury
Russia's 'Massive' Rate Rise Seen Halting Ruble Tumble
December 16, 2014--The Russian central bank took a big enough step to halt the ruble's record decline by unexpectedly raising the benchmark interest rate to 17 percent, according to Alliance Bernstein LP and Stone Harbor Investment Partners.
Policy makers lifted the rate 6.5 percentage points from 10.5 percent, the biggest increase since the nation's 1998 default, at an unscheduled meeting after the ruble fell to an all-time low.
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Source: Bloomberg
Russian cenbank moves to limit pricing manipulation in futures market
December 15, 2014--The Russian central bank said on Monday it had sent an order to the Moscow Exchange to halt trading in certain instruments in order to prevent possible manipulation of the equity futures market.
"In order to prevent possible pricing manipulation during the expiration of futures contracts on the RTS index... the Central Bank of Russia sent an order to MICEX (index) to suspend trading of financial instruments," the bank said in a statement.
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Source: Reuters
New Source ETF launched in XTF segment on Xetra
ETF offers currency-hedged access to the S&P 500
December 12, 2014--A new equity index ETF issued by Source has been tradable in the XTF segment on Xetra since Friday.
ETF name: Source S&P 500 UCITS ETF-EUR Hedged
Asset class: equities
ISIN: IE00BRKWGL70
Total expense ratio: 0.15 percent
Distribution policy: non-distributing
Benchmark: S&P 500 EUR Hedged Net Total Return Index
The Source S&P 500 UCITS ETF-EUR Hedged gives investors access to the performance of the 500 largest stock corporations on the American market and also enables them to benefit from daily hedging against exchange-rate risks between the euro and the US dollar.
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Source: Xetra
European Commission adopts first equivalence decision for the purposes of credit risk weighting Regulation (EU) No 575/2013
December 12, 2014--Today, the Commission adopted its first 'equivalence' decision for the purposes of credit risk weighting under Regulation (EU) No 575/2013 ('Capital Requirements Regulation').
It establishes a list of third countries whose supervisory and regulatory arrangements the EU considers equivalent.
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Source: European Commission
Borsa Italiana-ETFstat November 2014
December 12, 2014--New Listing
In November 2 new ETFs and 1 new ETC were listed on ETFplus market
At the end of November 2014 there were listed 919 instruments (669 ETFs and 250 ETCs/ETNs)
Trading
Borsa Italiana in 2014 has confirmed its leadership in Europe* for number of trades on eletronic platform in ETFs with a market share of 28,36%, the ranking has been lead since 2005
In 2014 Borsa Italiana is the second European Exchange* for on book turnover with a market share of 17,65%.
AUM
At the end of November 2014, the Asset Under Management (AUM) deposited in Italy set a new historical record reaching 36.86 bn of Euros (34.22 bn of Euros for ETFs and 2.64 for ETCs/ETNs) with a grow of 39.67% compared to November 2013
Inflows
During November 2014, the ETFs listed on ETFplus market set a total net inflow of 424 m of Euros.
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Source: Source: Borsa Italiana
ECB's liquidity auction falls short of expectations
December 11, 2014--ECB's liquidity auction falls short of expectations...doubts about policy makers' efforts to stave off stagnation.
raising fears the region could be heading for a prolonged
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Source: FT.com
Lyxor UCITS ETF iBoxx Germany 1-3Y (DR) launched on Xetra
ETF tracks German government bonds
December 11, 2014-- A new exchange-listed bond index fund issued by Lyxor Asset Management has been tradable in Deutsche Börse's XTF segment since Thursday.
ETF name: Lyxor UCITS ETF iBoxx Germany 1-3Y (DR)
Asset class: bond index ETF
ISIN: FR0012283398
Total expense ratio: 0.165 percent
Distribution policy: non-distributing
Benchmark: iBoxx € Germany 1-3 Total Return Index
The Lyxor UCITS ETF iBoxx Germany 1-3Y (DR) provides investors with access to the performance of EUR-denominated government bonds with short maturities issued by the Federal Republic of Germany.
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Source: Xetra
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