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ESMA delivers second set of advice on EMIR equivalence
October 2, 2013--The European Securities and Market Authority (ESMA) has published its second set of advice to the European Commission on the equivalence of the regulatory regimes for OTC derivatives clearing, central counterparties (CCPs), and trade repositories (TR) of non-EU countries with the European Markets Infrastructure Regulation (EMIR).
Following a first set of advice published on 9 September 2013, ESMA has now published its equivalence assessments of the regulatory regimes of Canada, India and South Korea and supplements to its equivalence assessments for Australia, Hong Kong, Singapore and Switzerland.
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Source: ESMA
Europe stock ETFs see record inflow-BlackRock
October 2, 2013--Exchange-traded funds (ETFs) focused on European equities attracted record monthly inflows in September, with investors lured by the region's improving economy, data from BlackRock shows.
Pan-European equity ETFs saw some $5.3 billion of inflows last month, taking inflows for the year-to-date to $12.5 billion, with the majority of investors choosing to invest in total market products as opposed to ones tied to a specific sector.
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Source: Reuters
Key figures for SIX Swiss Exchange and Scoach Switzerland: September 2013
October 1, 2013--Compared with the corresponding period last year, there was an overall increase of 7.1% in the
number of transactions conducted on SIX Swiss Exchange and Scoach Switzerland in the first nine months of the year, while trading turnover was up 11.0%.
In all, 2,732,910 trades were conducted in September, equating to a month-on-month increase of 0.5%. Conversely, turnover was down by 2.4%to CHF 73.2 billion.
Since the start of 2013, a total of 26,153,088 transactions have been co Scoach Switzerland. This marks a year-on equities including funds + ETPs segment, equating to a rise of 7.5%. The ETF segment also posted strong growth. There were 706,170 transactions in this segment in total, 18.6% more than in the corresponding period last year.
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Source: SIX Swiss Exchange
The Spanish stock exchange traded 48.2euro billion in September, up 33% from August
October 1, 2013--Significant growth in the number of trades in September, up 88.6% from a year earlier
ETF trading in September was up 27.9% year on year
In September the trading volume on the Derivatives market reached 5.4 million contracts. Trading in Index Futures was up 13.2%
Trading on the Corporate Debt market reached €1 billion in the first three quarters and the trading volume on SEND increased by threefold
Equities
The equity trading volume on the Spanish Stock Exchange in September reached €48.2 billion, in line with last year's and was up 33.1% on the preceding month of August.
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Source: Bolsas y Mercados Españoles
iShares launches currency-hedged Japan ETF
October 1, 2013--BlackRock exchange traded funds (ETF) platform iShares has launched a new currency-hedged Japanese ETF which was listed on the London Stock Exchange (LSE) on Tuesday.
The new product is the iShares MSCI Japan USD Hedged UCITS ETF (IJPD) and has a total expense ratio of 0.64%.
iShares said the offering will allow investors to mitigate currency risk in a single trade in a volatile foreign exchange environment. The product will give investors access to Japan whilst minimising the impact of movements in the yen to US dollar exchange rate.
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Source: Interactive Investor
ESMA clarifies reporting requirements for alternative fund managers
October 1, 2013--The European Securities and Markets Authority (ESMA) has published final guidelines on the reporting obligations for alternative investment fund managers (AIFMs). ESMA's Guidelines, which relate to the Alternative Investment Fund Managers Directive (AIFMD), will require AIFMs-which includes hedge funds, private equity and real estate funds-to regularly report certain information to national supervisors.
The Guidelines clarify provisions of the AIFMD on required information, which will help to have a more comprehensive and consistent oversight of AIFMs' activities. ESMA has also published an Opinion that proposes introducing additional periodic reporting including such information as Value-at-Risk of AIFs or the number of transactions carried out using high frequency algorithmic trading techniques.
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Source: ESMA
Russia Economic Update -September 2013
October 1, 2013--The Russian Federation's growth outlook for 2013 is positive, but remains below the strong growth outturn of 2012, after having lost steam through this year.
Following a 3.4-percent GDP growth in 2012, the World Bank revised its 2013 growth projection for the country down to 1.8 percent. The World Bank's projection for Russia's growth in 2014 remains moderately positive at 3.1 percent, but with downside risks.
In Russia, economic growth slowed significantly during the first half of 2013:
The slowdown was a result of weaker demand-a result of a combination of external and domestic factors, some of which are cyclical and others structural.
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Source: World Bank
Turnover at Deutsche Borse's cash markets at 96.9 billion euros in September
October 1, 2013--Order book turnover on Xetra, the Frankfurt Stock Exchange and Tradegate stood at €96.9 billion in September (September 2012: €98.9 billion). Of the €96.9 billion, €88.8 billion were attributable to Xetra (September 2012: €91.1 billion). €4.2 billion were attributable to the Frankfurt Stock Exchange (September 2012: €4.7 billion).
Order book turnover on Tradegate Exchange* totalled approximately €4.0 billion in September (September 2012: €3.1 billion).
In equities, turnover reached €85.7 billion on Deutsche Börse’s cash markets (Xetra: €79.9 billion, Frankfurt Stock Exchange: €2.1 billion, Tradegate Exchange: €3.7 billion). Turnover in bonds was €1.0 billion, and in structured products €1.2 billion. Order book turnover in ETFs/ETCs/ETNs amounted to €8.9 billion.
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Source: Deutsche Börse
New LSEG derivatives market launches with FTSE Super Liquid index futures
London Stock Exchange Derivatives Market goes live
New product, FTSE UK Large Cap Super Liquid index futures tradable from 7 October
UK, IOB and Norwegian derivatives now trading on a Regulated Market of an RIE
September 30, 2013--London Stock Exchange plc has today completed its acquisition of Turquoise Derivatives, the derivatives business of Turquoise Global Holdings Limited ("Turquoise").
The platform has been renamed London Stock Exchange Derivatives Market.
The market now operates as part of a Regulated Market of a Recognised Investment Exchange (RIE), allowing customers to improve the efficiency of their clearing and margin arrangements in light of the requirements under the European Market Infrastructure Regulation (EMIR).
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Source: London Stock Exchange
UK funds under management up 6.5% to record 5.4 (pounds) trillion
September 30, 2013--TheCityUK's Fund Management report, released today, shows that the UK's fund management sector was responsible for a record £5.4 trillion of funds at the end of 2012, some 30% above the pre-crisis peak.
Over a third of these funds, or around £2 trillion, came from overseas clients, a higher proportion than most other countries. The 2012 figures indicate that the sector has experienced its 4th consecutive year of growth, showing an increase of 6.5% on the previous year. Furthermore, TheCityUK's report estimates that assets increased nearly 5% in the first three quarters of 2013, with the full year increase forecast to reach 7%.
view TheCityUK Fund Management 2013 report
Source: TheCityUK
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