Boost ETP to list the World,s first Short and Leveraged FTSE 250 ETPs, in addition to expanding its range of FTSE 100 ETPs
FTSE 250 added to Boost's short and leveraged ETP platform
-1x, -2x and +2x ETPs added to existing -3x and +3x ETPs
UK equities contribute over 80% to trading volumes
July 1, 2013--BOOST ETP the award winning and independent exchange-traded product (ETP) provider announced today that it intends to launch the world's first short and leveraged (S&L) FTSE 250 ETPs in early July.
The FTSE 250 index is the leading index of UK mid-cap stocks. The index consists of the 101 to 350 largest companies listed on the London Stock Exchange. The launch of these two new FTSE 250 ETPs will complement Boost’s offering of S&L ETPs tracking the FTSE 100.
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Source: Boost
ICAP appoints Global Head of Indices
July 1, 2013--ICAP plc (IAP.L) today announces the appointment of Jan de Smedt to ICAP as Global Head of Indices.
Based in London and reporting to Kevin Taylor, Head of ICAP 'role is to develop and expand the index business within Information Services. His focus will be on increasing the number of ICAP indices linked to Exchange Traded Products, mutual funds and derivative products as well as growing the calculation services and data sales business worldwide.
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Source: ICAP
Boost unveils inaugural short and leveraged UK mid cap ETFs
July 1, 2013--Boost ETP, an independent exchange traded product (ETP) provider, is launching the first leveraged and short products on the FTSE 250 as demand for a wider range of equity exposure increases.
The two-times leveraged and one-times short products, set to launch in early July, track the FTSE 250 universe of mid-cap stocks and add to the firm’s range of three times leveraged products.
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Source: CityWire
BlackRock completes Credit Suisse ETF business acquisition
July 1, 2013--BlackRock has completed its acquisition of Credit Suisse's ETF business, with the combined business operating under the iShares brand from today.
Credit Suisse's 58 ETFs will be rebranded and renamed, and will begin trading as iShares ETFs on the exchanges with immediate effect.
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Source: International Adviser
DAX's Creator Recalls 'Quantum Leap' on 25th Anniversary
July 1, 2013--Before Artur Fischer oversaw the development of Germany's benchmark DAX Index (DAX), which began operations 25 years ago today, he says investors had little insight into the performance of the nation's shares.
“The formation of the DAX was a quantum leap,” Fischer, who is now joint chief executive officer of Boerse Berlin, said in a telephone interview last week. “I was responsible for the innovation to calculate a real-time index, providing a moving picture of what German stocks were doing. Before, the index was just calculated once a day
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Source: Bloomberg
Istanbul as an emerging financial center
June 30, 2013--A financial center is defined as a city or a district that has a concentration of financial institutions that play a financial intermediary function, offer a highly developed commercial and communication infrastructure and where a great many domestic and international trading transactions are realized.
Global financial centers have truly global properties and only a few centers fully possess that role, such as London and New York. International financial centers also conduct a significant volume of cross-border transactions, such as occurs in Hong Kong and Singapore. These centers can be of different sizes and levels of capability. An international financial center can and does fulfill more than one role, but London and New York are considered the only two financial centers that are truly global.Main characteristics of financial centersA financial center is where financial institutions are aggregated and they accumulate public and private funds; it should include a clearing center, with high quality financial service systems. It must encourage financial innovation and have standard and transparent financial regulations. Furthermore, a financial center attracts professional talent. Centers are located close to other key areas, such as focal points for economic and trade activity, shipping facilities and so on.
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Source: Today's Zaman
NYSE Euronext announces a new ETF on European markets -LYX ETF SXXT DR D
June 28, 2013--NYSE Euronext is pleased to announce that Lyxor has listed one new ETF on NYSE Euronext Paris on 28 June, 2013:
ETF Symbol: MFDD
Listing date: 28/06/2013
ETF Trading name: LYX ETF SXXT DR D
Underlying index: EURO STOXX INDEX
TER: 0.3%
NYSE Euronext now has 672 listings of 583 ETFs listed on its European markets.
Source: NYSE Euronext
Basel Committee consults on derivatives-related reforms to capital adequacy framework
June 28, 2013--The Basel Committee today released two consultative papers on the treatment of derivatives-related transactions under the capital adequacy framework.
The non-internal model method for capitalising counterparty credit risk exposures outlines a proposal to improve the methodology for assessing the counterparty credit risk associated with derivative transactions. The proposal would, when finalised, replace the capital framework's existing methods - the Current Exposure Method (CEM) and the Standardised Method. It improves on the risk sensitivity of the CEM by differentiating between margined and unmargined trades. The proposed non-internal model method updates supervisory factors to reflect the level of volatilities observed over the recent stress period and provides a more meaningful recognition of netting benefits. At the same time, the proposed method is suitable for a wide variety of derivatives transactions, reduces the scope for discretion by banks and avoids undue complexity.
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Source: BIS
Citywire db X-trackers Emerging Markets Sentiment Indicator soll Hinweise auf zukunftige Kapitalflusse geben
June 27, 2013--Deutsche Asset & Wealth Management und Citywire stellen den ,,Citywire db X-trackers Emerging Markets Sentiment Indicator" (EMSI) vor. Er wird unabhängig von Citywire ermittelt,
Deutsche Asset & Wealth Management ist Sponsor des Indikators. Der ,,Citywire db X-trackers Emerging Markets Sentiment Indicator" beabsichtigt ein vorausschauender Indikator
für potentielle Kapitalflüsse in dem Segment Emerging Markets zu sein.
Es ist der erste Gradmesser dieser Art in Europa und bildet die Einschätzung von professionellen
Fondsmanagern ab, wie sie einzelne Schwellenländer und die Anlageklasse Emerging Markets insgesamt bewerten.
Er basiert auf den Ergebnissen einer von Citywire in jedem Quartal unabhängig durchgeführten Umfrage bei
101 professionellen Fondsmanagern mit Schwerpunkt Schwellenländer, die gemeinsam rund 200 Milliarden Euro verwalten.
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Source: Deutsche Asset & Wealth Management
GAM Holding plans to launch physically backed base metals ETFs
June 27, 2013--Switzerland's largest listed asset manager GAM Holding said on Thursday it will launch exchange-traded funds (ETF) for industrial metals, backed by physical aluminium, copper, nickel and zinc.
Swiss and Global, a fund manager for bank Julius Baer and part of GAM Holding, said the funds would store the four metals in warehouses registered with the London Metals Exchange (LME) in Europe, Asia and the United States.
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Source: Reuters
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