ESMA reports on derivatives and securities markets in 2020
December 17, 2021--The European Securities and Markets Authority (ESMA), the EU's securities regulator, today publishes two Annual Statistical Reports (Reports) analysing the European Union's (EU) derivatives and securities markets. The Reports, based on data submitted under the European Markets and Infrastructure Regulation (EMIR) and the Markets in Financial Instruments Directive (MiFID), provide an overview of EU/EEA markets in 2020.
The two Reports provide a first comprehensive view of the EU derivatives and securities markets after Brexit, i.e. without data reports from UK financial participants. In both, the impact of the withdrawal is significant: The size of derivatives markets and the volume of securities trading are around two-thirds lower without the UK.
view more
Source: ESMA
Two-thirds of European market makers plan to expand ESG liquidity provision
December 16,2021--Market makers see growing demand from investors in ESG exchange-traded funds.
More than half (60%) of European market-making firms surveyed by FIA European Principal Traders Association (FIA EPTA) are providing liquidity in sustainable finance and ESG financial products,playing an important role in the global transition to sustainable investing.
FIA EPTA,which represents Europe's largest non-bank market makers and liquidity providers,conducted the survey with its member firms last month,with 22 firms across the continent participating. The survey found two-thirds of the firms providing liquidity are looking to expand their activities in the ESG space,with the remainder planning to continue their activities at the current level.
While market making firms surveyed are most active in supplying liquidity in ESG futures (50%),they are starting to see a growing demand from both institutional and retail investors in ESG exchange-traded funds (45%).
view more
Source: wearemarketmakers.com
ESMA issues statement on supervision of the clearing and derivative trading obligations following the benchmark transition
December 16, 2021--The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has released a public statement on the implementation of the changes to the clearing obligation (CO) and derivative trading obligation (DTO) in light of the benchmark transition.
The Statement clarifies the situation in which ESMA's proposed draft regulatory technical standards (RTSs) on the CO and DTO will not enter into force in time for the transition to alternative benchmarks of EONIA or LIBOR- based OTC derivative contracts by the end of 2021.
view more
Source: ESMA
Official Statistics: Forecasts for the UK economy: December 2021
December 15, 2021--A comparison of independent forecasts for the UK economy in December 2021.
view
Source: gov.uk
ECB-Euro area securities issues statistics: October 2021
December 10, 2021--The annual growth rate of the outstanding amount of debt securities issued by euro area residents was 4.3% in October 2021, compared with 4.1% in September.
For the outstanding amount of listed shares issued by euro area residents, the annual growth rate was 2.2% in October 2021, compared with 2.4% in September.
Debt securities
New issuances of debt securities by euro area residents totalled EUR 710.9 billion in October 2021. Redemptions amounted to EUR 690.6 billion and hence net issues to EUR 20.2 billion. The annual growth rate of outstanding debt securities issued by euro area residents was 4.3% in October 2021, compared with 4.1% in September.
view more
Source: ECB
Only a third of active equity funds outperformed passives in 2021
December 7, 2021--Only a third of active equity funds outperformed passives in 2021
AJ Bell's latest 'Manager versus Machine' report
Only a third of active equity funds (34%) beat a passive alternative this year, according to a new report from AJ Bell.
The company's latest 'Manager versus Machine' report analysed about 800 retail funds, finding that active funds performed particularly poorly in the US, Global, and Asia Pacific regions. The report...
view more
Source: investmentweek.co.uk
European investors use ETFs to pile into US equities
December 6, 2021--US equity ETFs attract €27bn in the 10 months to end of October, compared with only €5bn for European rivals.
Exchange traded funds have enabled the flow of billions of dollars from Europe into US equities as investors piled into ETFs exposed to this year's huge US stock market rally, data from Refinitiv show.
view more
Source: ft.com
ESMA publishes latest edition of its newsletter
December 3, 2021--The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has today published its latest edition of its Spotlight on Markets Newsletter.
Your one-stop-shop in the world of EU financial markets focuses this month on the Preliminary Report the EU Carbon Market and on ESMA's contribution to a more sustainable financial system.
The Preliminary Report the EU Carbon Market presents an overview of the financial regulatory environment for the carbon market under MAR, MiFID II and EMIR and the tools available to securities supervisors to fulfil their responsibilities. It also provides an analysis of price evolution and volatility in European emission allowances (EUAs) and derivatives on EUAs.
view more
Source: ESMA
Sweeping overhaul of UK listing rules comes into force
December 2, 2021--Changes by FCA aim to make London more attractive to fast-growing tech companies
Britain's chief financial regulator has finalised a sweeping overhaul of the listing rules, aimed at making the City more attractive to fast-growing companies from the technology and biotech sectors.
The reforms, which come into force on Friday, are part of a broader government-led push to make London a more appealing destination for global investors and companies after Brexit.
view more
Source: ft.com
Bitcoin Capital Expands its Crypto Asset Offering
December 2, 2021--FiCAS' subsidiary Bitcoin Capital AG proves pioneering spirit again and launches two new actively managed crypto ETPs on SIX Swiss Exchange:
1 FiCAS Active Bitcoin ETP
1 FiCAS Active Ethereum ETP
Bitcoin Capital announced today that it has again listed two world firsts on the SIX Swiss Exchange. With 1 FiCAS Active Bitcoin ETP and 1 FiCAS Active Ethereum ETP, the company has launched two products actively managed by the highly experienced crypto asset manager FICAS AG.
With active management, the products aim to counter negative price fluctuations and therefore outperform the two largest cryptocurrencies by capitalization. With the listing, institutional, professional, and private investors in Switzerland, Liechtenstein, and the European Union (excluding Hungary) can easily invest in the new products via their bank or broker, just as they do with other listed financial investments such as equities or bonds.
view more
Source: SEC.gov