ESMA publishes amended EMIR Q&A clarifying the use of LEI identifiers
October 22, 2013--ESMA published today an update of its Question and Answers (Q&A) (Ref. 2013/1527) on the European Markets Infrastructure Regulation (EMIR).
This Q&A clarifies the use of Legal Entity Identifiers (LEI) for the purpose of trade reporting to trade repositories.
Moscow Exchange, NASDAQ OMX launch partnership to promote Russian tech, biotech community
October 22, 2013--Moscow Exchange (MOEX) and NASDAQ OMX (NDAQ) have signed a co-operation agreement to work to develop the Russian technology and biotechnology community, the Moscow Exchange said in a press release.
The aim of the co-operation is to jointly facilitate access to capital for the fast growing Russian start-up community and to promote listings at both exchanges.
In 2009, Moscow Exchange and state nanotchnology corporation Rusnano created a listing platform for young and promising non-commodity companies called the "Innovations and Investment Market of Moscow Exchange".
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Source: Interfax
Creation of 'fund calculator' moves a step closer
October 22, 2013--Plans to help investors accurately compare the full costs of investment, savings and pension products moved a step closer after European lawmakers voted on Monday to introduce an online calculator.
The calculator, which will be accessible via the website of national regulators such as the UK's Financial Conduct Authority, will include a complete estimate of costs including dealing and platform charges and fees paid to financial advisers.
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Source: FT.com
NYSE Euronext announces Liquidity Provider activity update on European markets
October 22, 2013--We are pleased to announce that on October 22, 2013, Commerzbank has further expanded its activity on our markets by taking on liquidity responsibilities for an impressive additional 46 ETFs, all from Amundi.
Commerzbank is now active as a Liquidity Provider for a total of 230 ETFs on our European markets, which makes them one of the top three Liquidity Providers in terms of number of open contracts.
There are currently 23 ETF Liquidity Providers active on NYSE Euronext's European markets.
Source: NYSE Euronext
Boost Research:Liquidity rally. Risk on, but for how long?
October 22, 2013--Summary:Excess liquidity keeps feeding the rally in Eurozone equities at the same time that markets are shaking off weakening fundamentals building since the summer.
The duration of the rally may extend to Q4 now that QE is prolonged and a US budget standoff has been averted for at least until January.
Unless the US economy rebounds, the strengthening of EUR/USD is likely to worsen the outlook for Eurozone equities in Q4, potentially undermining the DJ EURO STOXX 50 and DAX 30 in the start of next year.
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Source: Boost Research
EU agrees preliminary deal to rein in speed traders
EU ditches minimum order time in tentative deal
Progress on allowing sponsored market access
Key negotiations on MiFID set for November
HFT sector says much detail to be worked out
October 22, 2013--The European Union has reached a tentative deal to rein in the type of ultra-fast trading that accelerated a plunge in Wall Street stocks in 2010 and set regulatory alarm bells ringing across the world.
In the Wall Street "flash crash" three years ago, the Dow Jones Industrial Average dropped about 700 points in minutes, partly due to the high-frequency traders unloading their securities as the market tumbled.
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Source: Reuters
UK's Swiss gold exports surge on ETF selling
UK gold exports to Switzerland, jumped to 1,016.3 tonnes in the first eight months of this year, according to data from Eurostat
October 21, 2013--A surge in gold exports from the United Kingdom to Switzerland this year may largely be the result of metal sold out of exchange-traded funds being shipped for re-refining before making its way to Asia, according to Australian bank Macquarie.
UK gold exports to Switzerland, Europe's major bullion refining hub, jumped to 1,016.3 tonnes in the first eight months of this year, data from European Union statistics agency Eurostat shows, from 85.1 tonnes in the same period of 2012.
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Source: MineWeb
PIMCO and Source launch EUR-hedged class for short-term high-yield ETF
October 21, 2013--PIMCO and Source are pleased to announce that their flagship PIMCO Short-Term High Yield Corporate Bond Index Source ETF, managed by PIMCO, is now available in a
EUR-hedged version.
The existing USD share class has already grown to US$ 550 million1 since its launch in March 2012, driven by the product's high yield per unit of duration and appealing current
yield2.
The PIMCO Short-Term High Yield Corporate Bond Index Source ETF aims to provide the performance of the BofA Merrill Lynch 0-5 Year US High Yield Constrained Index, a broad benchmark of over 800 USD,denominated corporate bonds. The ETF is physically invested in bonds and is managed by PIMCO, benefiting from PIMCO's extensive expertise in smart passive index replication and credit filtering.
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Source: Source
Four new UBS ETFs launched on Xetra
October 22, 2013--Four new exchange-traded equity index funds issued by UBS ETF SICAV have been tradable in Deutsche Börse's XTF segment since Monday.
ETF name: UBS ETF-MSCI United Kingdom 100% hedged to EUR UCITS ETF (EUR) A-acc
Asset class: equity index ETF
ISIN: LU0950671239
Total expense ratio: 0.40 percent
Distribution policy: non-distributing
Benchmark: MSCI United Kingdom 100% hedged to EUR
ETF name: UBS ETF-MSCI Canada 100% hedged to EUR UCITS ETF (EUR) A-acc
Asset class: equity index ETF
ISIN: LU0950673284
Total expense ratio: 0.55 percent
Distribution policy: non-distributing
Benchmark: MSCI Canada 100% hedged to EUR
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Source: Deutsche Börse
New energy sector ETC from ETF Securities launched on Xetra
October 21, 2013-- A new ETC (exchange traded commodity) issued by ETFS Hedged Commodity Securities Limited has been tradable on Xetra since Monday.
ETC name: ETFS EUR Daily Hedged Energy DJ-UBS EDSM
Asset class: Commodities
ISIN: DE000A1Y7Y36
Total expense ratio: 1.21 percent
Benchmark: Dow-Jones UBS Energy Sub-Index EUR Hedged Daily
The new Daily Hedged Energy ETC from ETF Securities enables investors to participate in the performance of futures contracts on individual commodities in the energy sector.
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Source: Xetra
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