ESMA consults on revised EMIR standards on the reporting to trade repositories
November 10, 2014--The European Securities and Markets Authority (ESMA) has today published a consultation paper on the revision of the Regulatory Technical Standards (RTS) and implementing technical standards (ITS) in relation to the European Market Infrastructure Regulation (EMIR).
The ESMA RTS/ ITS deal with the obligation of counterparties' and CCP's to report to trade repositories. Since the entry into force of the RTS and ITS, ESMA has worked on ensuring their consistent application. The practical implementation of EMIR reporting showed some shortcomings and highlighted particular instances for improvements so that the EMIR reports better fulfil their objectives.
view the ESMA Consultation Paper-Review of the technical standards on reporting under Article 9 of EMIR
Source: ESMA
ETFGI's research finds ETFs/ETPs listed in Europe gathered 8.7 billion US dollars in net new assets in October 2014 and a record 56.2 billion US dollars in NNA year-to-date
November 10, 2014-ETFGI's research finds ETFs/ETPs listed in Europe gathered US$8.7 Bn in net new assets (NNA) in October 2014 and a record US$56.2 Bn in NNA year-to-date, which surpasses any full year NNA for the European-listed ETF/ETP industry.
At the end of October 2014 the European ETF/ETP industry had 2,111 ETFs/ETPs, with 6,323 listings, assets of US$459 Bn, from 51 providers listed on 26 exchanges, according to preliminary data from ETFGI’s end October 2014 Global ETF and ETP industry insights report.
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Source: ETFGI
Passive investment set to double by end of decade
November 10, 2014--Passive investment across European pension schemes will double by the end of the decade, according to Create Research.
The alpha behind alpha: rebooting the pension business models report stated the number of funds choosing a passive investment approach is currently 20 per cent; however it is expected to reach 40 per cent by 2020, moving from the periphery to the mainstream.
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Source: Europeanpensions.net
Nasdaq Buyback Index Launched as ETF in Europe
Nasdaq Aligns With Invesco PowerShares to Expand Smart Beta Buyback Line-Up
November 10, 2014--Nasdaq today announced that the Nasdaq Global Buyback Achievers(TM) Index is serving as the basis for Invesco PowerShares' most recent ETF launch-the PowerShares Global Buyback Achievers UCITS ETF (symbol: BUYB).
This marks the first product, which is based on the successful Nasdaq Buyback Achiever Index family to launch in the UK and Europe.
"Smart Beta indices, and products linked to them, have provided more opportunities for investors to manage risk and diversify their portfolios," said Rob Hughes, head of Index Services at Nasdaq. "The Buyback concept has proven successful in identifying companies that have- through the use of share buybacks-delivered increased shareholder value and outperformance over the broader market."
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Source: Nasdaq.com
Invesco targets Europe for ETF expansion
November 9, 2014--Invesco Powershares, the exchange traded fund provider, has launched its first product in Europe in more than six years as part of a new growth strategy that will see the firm attempt to become one of the region's biggest ETF providers.
Although Powershares is the fourth-largest ETF provider globally, it has experienced limited success in Europe and currently ranks as the 17th-largest provider in the region.
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Source: FT.com
France tries to salvage 'Tobin' tax
November 8, 2014--French Finance Minister Michel Sapin urged his European colleagues on Friday to agree a long promised financial transaction tax, even if flawed or watered-down.
Sapin, who met with EU finance ministers in Brussels, said countries should "advance, even if by only a step"' on the tax as the "worst danger would be failure".
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Source: The Local
UK Official holdings of international reserves: October 2014
November 5, 2014--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.
Source: HM Treasury
Record trading levels for volatility derivatives in October
New all-time monthly volume record of around 1.5 million contracts
November 5, 2014--International derivatives market Eurex Exchange reached a number of trading records in the volatility derivatives segment in October. The existing peak-set in March 2014-was exceeded in October with a total of 1,494,829 contracts traded. The average daily volume was 64,993 contracts in October, an increase of 78 percent compared with January to September 2014.
Turnover in VSTOXX futures was a major contributor to the new record; these traded almost 1 million contracts in October (997,946 contracts), representing an increase of 87 percent compared with October 2013. VSTOXX options showed a similarly positive performance, with a monthly total of 496,883 contracts traded-also a new all-time high.
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Source: Eurex
Boerse Stuttgart records monthly turnover of around EUR 8.2 billion
November 4, 2014--Intensive trading driven by sharper movements in underlying markets // Strong growth
in securitised derivatives and exchange-traded products
According to the order book statistics, turnover for October at Boerse Stuttgart was around EUR 8.2 billion, the highest monthly trading volume since January 2014.
Total turnover was around 23 percent up on the previous month as a result of sharp movements in the underlying markets. Compared with the figure for October 2013, the monthly trading volume was around 9 percent higher.
The biggest increases were attributable to trading in securitised derivatives, with turnover climbing to over EUR 4 billion.
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Source: Boerse Stuttgart
EC-2014 Autumn Economic forecast: Slow recovery with very low inflation
November 4, 2014--The European Commission's autumn forecast projects weak economic growth for the rest of this year in both the EU and the euro area. Real GDP growth is expected to reach 1.3% in the EU and 0.8% in the euro area for 2014 as a whole. Growth is expected to rise slowly in the course of 2015, to 1.5% and 1.1% respectively, on the back of improving foreign and domestic demand.
An acceleration of economic activity to 2.0% and 1.7% respectively in 2016 is expected to be driven by the strengthening of the financial sector (following the comprehensive assessment by the European Central Bank and further progress towards the Banking Union), as well as recent structural reforms starting to bear fruit.
view the inforgraphic-EC-2014 Autumn Economic Forecast
Source: European Commission (EC)
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