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Deutsche switches ETF tactics in Europe
December 6, 2013--Deutsche Asset and Wealth Management has announced major changes to its exchange traded funds operations with a radical shift to its business model.
As the largest provider of derivative-linked ETFs in Europe, DeAWM has vociferously argued that so-called "synthetic" products are a cheaper, more efficient option for investors than rival physical ETFs that buy the constituents of a benchmark index.
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Source: FT.com
Deutsche Bank swaps ETFs to physical
December 6, 2013--Deutsche Bank is switching 18 of its most popular exchange-traded funds from swap-based to physical structures, in response to client demand.
The ETFs making the switch track indices including the FTSE All Share, Euro Stoxx 50, French CAC 40 and German Dax. Deutsche Bank launched a platform for physical ETFs a year ago. The changes will take place in the first half of next year.
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Source: Financial News
Notice to Shareholders of the Sub-Funds- db x-trackers ETFs
December 6, 2013--Important notice to shareholders of the sub-funds Notice to Shareholders of the Sub-Funds-db x-trackers ETFs
db x-trackers EURO STOXX 50(R) UCITS ETF (DR) (LU0846194776)
db x-trackers DAX(R) UCITS ETF (DR) (LU0838782315)
(the "Sub-Funds")
The board of directors of the Company hereby informs the shareholders of the Sub-Funds (the "Shareholders") that it has resolved to change the name of the Sub-Funds, effective as of 6 December 2013, so as to read as follows:
Current Name: db x-trackers DAX(R) UCITS ETF (DR)
New Name: db x-trackers DAX(R) UCITS ETF (DR)- Income
Current Name : db x-trackers EURO STOXX 50(R) UCITS ETF (DR)
New Name: db x-trackers EURO STOXX 50 (R) UCITS ETF (DR)-Income
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Source: db x-trackers
MNI Russia Consumer Report-November 2013
December 5, 2013-- MNI Russia Consumer Indicator falls to 94.8 in November from 99.4 in October. Confidence Hits Record Low.
view the MNI Russia Consumer Report-November 2013
Source: MNI Indicators Deutsche Börse Group
Burgundy-Introduction Of Two New Automatch Segments For Exchange Traded Products
December 5, 2013--Oslo Børs Burgundy is expanding its offering in the Swedish market, and will add two new retail segments for Exchange Traded Products.
Two new retail segments for Exchange Traded Products will be available from 27 January 2014:
SE Burgundy Primary listed ETNs (segment code SBPE) for various Exchange Traded Notes, including Bull and Bear ETNs.
SE Burgundy Primary listed Warrants (segment code SBPW) for plain vanilla warrants and various knock-out warrants.
With a state-of-the-art trading system and competitive prices, Burgundy aims to attract high quality issuers of ETPs and become an attractive marketplace for the growing number of ETP investors with the introduction of the new segments.
The market model for equity will be updated to reflect the change. The latest version of the market model can be found here
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Source: Oslo Børs
Britain to abolish ETF transaction tax to lure funds
December 5, 2013--Britain's government is abolishing a transaction tax on shares purchased in exchange traded funds (ETFs) in an attempt to lure financial services activity from rival European centres.
While Britain is an established hub for fund management, most of the European ETF industry is domiciled in Ireland and Luxembourg for tax efficiency.
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Source: Reuters
November trading volume rises to around EUR 7.7 billion at Boerse Stuttgart
December 5, 2013--Growth in trading of debt instruments and equities// Strong demand for derivative investment products
Boerse Stuttgart generated turnover of around EUR 7.7 billion in November 2013, according to its order book statistics. This represents an increase of roughly 1.5 percent by comparison with October.
With a trading volume of around EUR 3.5 billion, slightly up on the previous month, securitised derivatives accounted for the largest share of total turnover. Trading in investment products was more than 2 percent higher at over EUR 2.2 billion. Driven by particularly strong demand, turnover in reverse convertibles rose by approximately 21 percent to around EUR 414 million. Leverage products ended the month at around EUR 1.2 billion, just below the October figure.
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Source: Boerse Stuttgart
FinEx Chooses Curex FX Benchmarks for ETF Best Execution
December 4, 2013--Curex Group, a provider of next generation foreign exchange ("FX") management capabilities that enable new standards of transparency and accountability for OTC FX fixings and execution, announced today an agreement with FinEx Group to embed patented Curex FX systems and FX execution audit technologies into FinEx currency-hedged share class ETFs.
Curex has created the world's only real-time streaming, executable FX fixing data designed to be integrated into financial market indices as an alternative to legacy FX benchmarks. Data is generated from the Curex FX electronic matching engine platform where a majority of the largest global FX dealers provide unprecedented executable liquidity and price transparency to market participants in an anonymous, competitive "exchange-like" FX marketplace.
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Source: Curex Group
BATS Global Markets In November: European Trade Reporting Service Becomes Market Leader
1Q14 Close Projected For Direct Edge Merger
U.S. Equities Market Share Totals 10%, BATS Chi-X Europe Posts Another New Record in Spain
December 4, 2013--BATS Global Markets (BATS) today reports that its pan-European trade reporting service, BXTR, became the industry leader in its first month of operation while BATS Chi-X Europe remained Europe's largest stock market in November.
BATS also continues progress towards approval and closing of the merger with Direct Edge Holdings, with completion of the transaction now expected in the first quarter of 2014. The company received clearance from the U.S. Department of Justice in late October and its primary focus now is on receiving approval from the Securities and Exchange Commission.
"November marked another month of tremendous growth for Europe as the team continues to build upon the Recognised Investment Exchange status earned in May, with the launch of BXTR and our European listings business," said BATS Global Markets CEO Joe Ratterman. "In the U.S., as we move towards closing the Direct Edge transaction, we continue to focus on delivering quality markets to our customers."
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Source: BATS
SHW AG to be included in SDAX
Deutsche Börse reviews index composition/ Changes to be effective on 23 December 2013
December 4, 2013--Deutsche Börse today decided on changes in its selection indices that will become effective on 23 December 2013.
The following changes will be made to SDAX: The shares of SHW AG will be included in the index. The shares of MVV Energie AG will be deleted from the index.
The compositions of DAX, MDAX and TecDAX remain unchanged.
Source: Deutsche Börse
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