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New incentive scheme from Eurex to mark three years of Eurex KOSPI Product
The successful cooperation is now in its fourth year/Sustained growth of traded volume/Daily average of 83,000 traded contracts in 2013
August 29, 2013--On the third anniversary of the Eurex/KRX Link, the international derivatives market Eurex Exchange drew a positive balance on the product cooperation.
To celebrate this milestone and in recognition of its success, Eurex Exchange is waiving trading fees for the Eurex KOSPI Product for the month of September. In addition, all Eurex members located in Korea also qualify with immediate effect for the special incentive program for Asian participants.
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Source: Eurex
Three new SPDR-ETFs-launched on Xetra
ETFs track government and corporate bonds
August 28, 2013--Three new exchange-listed bond index funds issued by SPDR (State Street Global Advisors) have been tradable on Xetra since Wednesday.
ETF name: SPDR Barclays 0-3 Year Euro Corporate Bond UCITS ETF
Asset class: bond index ETF
ISIN: IE00BC7GZW19
Total expense ratio: 0.20 percent
Distribution policy: distributing
Benchmark: Barclays 0-3 Year Euro Corporate Bond Index
ETF name: SPDR Barclays 0-3 Year US Corporate Bond UCITS ETF
Asset class: bond index ETF
ISIN: IE00BC7GZX26
Total expense ratio: 0.20 percent
Distribution policy: distributing
Benchmark: Barclays 0-3 Year US Corporate Bond Index
ETF name: SPDR Barclays 1-3 Year U.S. Treasury Bond UCITS ETF
Asset class: bond index ETF
ISIN: IE00BC7GZJ81
Total expense ratio: 0.15 percent
Distribution policy: distributing
Benchmark: Barclays Capital US Treasury 1-3 Year Index
The first two SPDR ETFs enable investors to participate in the performance of corporate bonds from issuers in the industrial, utilities and financial sectors with a residual maturity of less than three years.
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Source: Xetra
DB-Synthetic Equity & Index Strategy-Europe-ETF Research-European Weekly ETF Market Review
August 28, 2013--The most recent issue of the European Weekly ETF Market Review is now available.
The report includes key statistics on the European ETF market as well as global ETF market highlights. For more detailed coverage please refer to the monthly report, issued in the first week following the end of each month.
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Source: Deutsche Bank -Synthetic Equity & Index Strategy -Europe
Lira, markets dip to new lows as Ankara reiterates need for calm
August 28, 2013--Emerging currencies losses deepened on Wednesday, pushing Turkey's lira to a new record low against the dollar as fears of Western military action against Syria added to the flight from riskier assets.
The Turkish lira weakened further beyond two to the US dollar on Wednesday, breaking its previous record as allies prepare for possible military intervention in Syria. The lira was at 2.0372 against the US dollar on Tuesday and dropped to as low as 2.07 on Wednesday morning. It hovered around this new historic low through Wednesday's closing. The main Turkish share index, Bourse İstanbul (BIST), slid 1.53 to a fresh year-low on Wednesday
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Source: Today's Zaman
BNY Mellon to revamp bond fund as total return strategy
Investment firm set to consult shareholders on plans to rebrand and refocus existing global strategic bond fund
August 28, 2013--BNY Mellon has outlined plans to change the approach and name of its existing global strategic bond fund in order to create a global opportunities total return fund.
In a letter to shareholders, the investment firm set out a series of proposed changes to the Dublin-domiciled BNY Mellon Evolution Global Strategic Bond fund.
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Source: CityWire
ECB-Monetary developments in the euro area
August 28, 2013--The annual growth rate of the broad monetary aggregate M3 decreased to 2.2% in July 2013, from 2.4% in June 2013.1
The three-month average of the annual growth rates of M3 in the period from May 2013 to July 2013 decreased to 2.5%, from 2.8% in the period from April 2013 to June 2013.view more
Source: ECB
Eurex Futures Exchange Halts Trading on Technical Glitch
August 26, 2013--A technical glitch halted trading on Eurex, Europe's largest derivatives market, for about 60 minutes, adding to this month's tally of exchange breakdowns following a three-hour shutdown of the Nasdaq Stock Market.
The bourse first said it was investigating “technical issues” in a post on its website at 8.30 a.m. Frankfurt time today, with data compiled by Bloomberg showing no prices for futures on the benchmark Euro Stoxx 50 Index and Germany’s DAX Index from about 8:15 a.m. Trading resumed at 9:20 a.m., Frankfurt-based Eurex said in a separate statement
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Source: Bloomberg
FESE European Equity Market Report- July 2013
August 26, 2013--The FESE European Equity Market Report July 2013 is now available.
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Source: FESE
Lyxor boosts sales team after ETF exits
August 26, 2013--Lyxor, Europe's third-largest provider of exchange traded funds, is ramping up its sales and marketing team across all its business lines after a string of senior departures sparked rumours earlier this year that the Société Générale subsidiary could be sold.
The French firm plans to add 16 sales and marketing people overall this year, with around one-third focused on the ETF business, which has $39.3bn of assets. The remaining hires will join Lyxor’s other businesses, including alternatives, advisory services and managed accounts.
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Source: FT.com
UK markets supervisor rejects EU regulatory guidance
August 26, 2013--The new UK markets supervisor has for the first time rejected formal EU guidance on financial regulations this summer, adopting alternative rules that favour bankers and brokers.
The Financial Conduct Authority, which opened in April, has broken publicly with the formal EU interpretation of two different rules in the past three months, in moves which City experts have linked to the government’s recent tougher stance on Europe.
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Source: FT.com
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