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Tradeweb Exchange-Traded Funds Quarterly Update-Q4 2013
January 7, 2013-- The following data is derived from trading activity on the Tradeweb European-listed ETF platform from 1 October to 31 December 2013.
Volume by ETF asset class
Activity in equity-based ETFs on Tradeweb continued to move upwards in the last quarter of 2013, increasing by 8 percentage basis points in comparison with third quarter figures. Conversely, fixed income and commodity-based ETFs saw a decrease in volume by 5 and 3 percentage points respectively.
The previous quarter's strong buying trend endured for equities and fixed income. It was a different story for commodities, however, as "buys" in the asset class dropped by 3 percentage points to just 1 per cent.
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Source: TradeWeb
Capita Asset Services and Clearstream make cross-border transactions more secure and efficient for Exchange Traded Funds
Issuance of ETFs to be made easier by Capita Asset Services and Clearstream / New process enables intraday settlement/Reduced risk for cross-border transactions
January 7, 2014--Capita Asset Services and Clearstream - the post-trade services provider of Deutsche Börse Group-have joined forces to establish a more streamlined, efficient and more secure issuance process for Exchange Traded Funds (ETFs) on the German market. The partnership allows Capita, as registrar and asset managing services business, to open an issuance account with Clearstream and directly mark balances up or down in Clearstream's books, as required.
This will go hand in hand with improved reconciliation procedures applied between the German central securities depository (CSD) Clearstream Banking AG, and Capita, as fund registrar, to enable more secure and efficient cross-border transactions.
The new, more streamlined issuance model, set to go live in Q1 2014, will contribute to meeting market demand for more efficient issuance for ETFs in Europe. According to data from the World Federation of Exchanges, compared to USD 8.17 trillion in the Americas, the volume of ETF trades in Europe was lower at around USD 532.4 billion from January to the end of September 2013. Participants often cite the more fragmented exchange and settlement landscape in Europe as one of the reasons for the much lower global share of the market compared to the US.
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Source: Clearstream
ESMA issues final draft standards on acquisitions and increases in holdings in investment firms under MiFID
January 7, 2014--The European Securities and Markets Authority (ESMA) has issued final draft technical standards on the Markets in Financial Instruments Directive (MiFID) regarding acquisitions and increases in holdings in investment firms. MiFID requires Member States to publish information which allows to carry out the assessment of an acquirer of an investment firm.
This information must be provided by the acquirer at the time of the initial notification. This information is aimed at ensuring that national competent authorities are provided with adequate and proportionate information in order to assess the acquisition.
MiFID requires ESMA to issue regulatory technical standards (RTS) to establish an exhaustive list of information and implementing technical standards (ITS) to determine standard forms, templates and procedures for the cooperation and exchange of information between the relevant competent authorities.
Deutsche, Harvest to launch Europe's first physical China A-shares.
January 7, 2014--Deutsche Asset & Wealth Management (DeAWM) and Harvest Global Investments are set to launch Europe's first direct, physical replication ETF tracking China's CSI300 'A-shares' Index.
The db x-trackers Harvest CSI300 Index UCITS ETF (DR) is available for investment from today and will list on the London Stock Exchange and the Deutsche Börse on January 16. It is the first UCITS-compliant direct replication China A-shares fund on the CSI300, and the first of its kind to be given such approval by a European regulator.
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Source: theasset.com
UK Official holdings of international reserves, December 2013
January 6, 2014--In summary, this month's release shows that in December 2013: No intervention operations were undertaken.
Movements in reserves and levels of reserves were as follows:
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Source: HM Treasury
EU won't seek law to separate banking activities: FT
January 6, 2013--The European Union is set to drop financial reforms that would force big banks to ringfence their retail departments from riskier investment operations, the Financial Times reported on Monday.
A draft European Commission paper, seen by the business paper, would no longer make banks automatically split operations and would give national supervisors more leeway in applying the reforms.
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Source: EUbusiness
Deutsche ETF arm has painful 2013
January 5, 2014-Deutsche Bank was the only leading exchange traded fund provider to have experienced outflows in 2013, after investors pulled $4.6bn from its passive business.
The German bank's European rivals, by contrast, attracted billions of dollars to their ETF businesses in the first 11 months of the year, figures from ETFGI, the data provider, show. view more
Source: FT.com
Boerse Stuttgart reports annual turnover of nearly EUR 89 billion for 2013
Equities trading sets new record
Boerse Stuttgart leads European market in securitised derivatives and German market for corporate bonds
January 3, 2014--According to the order book statistics, total turnover from trading at Boerse Stuttgart reached almost EUR 89 billion in 2013, roughly the same level as in 2012.
Equities trading set a new record, with order book turnover climbing to more than EUR 14.9 billion -over EUR 11.3 billion from German equities and around EUR 3.6 billion from international equities. Total turnover for this asset class was up more than 16 percent on the previous record in 2011 and around 32 percent up on the figure for 2012. These results were largely responsible for making Boerse Stuttgart Germany's leading floor-trading exchange across every asset class in terms of trading volume.
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Source: Boerse Stuttgart
Frontloading Fears Remain Despite Esma Guidance
January 2, 2014--Dealers say they still do not know how to price swaps that could be caught by so-called frontloading requirements in Europe
-under which a trade that has already been executed may have to be sent to a clearing house months or years later.
That is despite new guidance provided by the European Securities and Markets Authority (Esma) on December 20, which narrows the window of uncertainty.
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Source: .derivalert.org
Turnover at Deutsche Borse's cash markets at 1.16 trillion euros in 2013
85.4 billion euros turnover in December
January 2, 2013In 2013, €1.16 trillion were turned over at the cash markets of Deutsche Börse (2012: €1.16 trillion).
Order book turnover on Xetra, the Xetra Frankfurt specialist trading and Tradegate stood at €85.4 billion in December (December 2012: €68.3 billion). Of the €85.4 billion, €77.2 billion were attributable to Xetra (December 2012: €62.5 billion). €4.2 billion were attributable to the Xetra Frankfurt specialist trading (December 2012: €3.5 billion).
Order book turnover on Tradegate Exchange* totalled approximately €4.0 billion in December (December 2012: €2.4 billion).
In equities, turnover reached €72.8 billion on Deutsche Börse's cash markets (Xetra: €67.1 billion, Xetra Frankfurt specialist trading: €2.0 billion, Tradegate Exchange: €3.6 billion). Turnover in bonds was €898.2 million, and in structured products on Scoach €1.2 billion. Order book turnover in ETFs/ETCs/ETNs amounted to €10.3 billion.
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Source: Deutsche Börse
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