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New copper ETC from db ETC Index plc launched on Xetra
June 19, 2013--A new exchange traded commodity issued by db ETC Index plc has been tradable on Xetra since Wednesday.
ETC name: db Copper Booster ETC (EUR)
Asset class: Commodities
ISIN: DE000A1XVBJ3
Total expense ratio: 0.45 percent
Benchmark: DBLCI Optimum Yield Copper Grade A EUR TRAC Index
The new db ETC enables investors to participate in the performance of futures on the industrial metal copper denominated in US dollars, using the Optimum Yield strategy. The Optimum Yield strategy is aimed at minimising the roll losses arising from the exchange of expiring futures contracts in times of contango markets, and maximising roll gains in times of backwardation markets. The db Copper Booster ETC is traded on the stock exchange in euros.
Deutsche Börse's ETC segment product range currently comprises 261 instruments. The monthly trading volume of ETCs on Xetra averages around €700 million.
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Source: Xetra/FWB
Moscow Exchange to Introduce Five German Single Stock Futures as Part of Deutsche Borse Partnership
June 19, 2013--Moscow Exchange and Eurex Exchange, the derivatives arm of Deutsche Börse, announced today that single stock futures of some well-known German underlyings will be made available for trading on the derivatives market of Moscow Exchange as of September 2013.
The agreement to list five futures contracts-Deutsche Bank, Siemens, BMW, Volkswagen and Daimler-was signed today in Moscow by Alexander Afanasiev, Chief Executive Officer of Moscow Exchange and Andreas Preuss, Deputy CEO of Deutsche Börse and CEO of Eurex.
"This is an important step in our strategic partnership with Deutsche Börse. Our relationship, which began with a letter of cooperation in 2012, is developing and already bringing tangible results to our customers. We are excited to be broadening our derivatives offering, and are confident that futures on these leading German names will provide interesting new trading opportunities to investors", said Alexander Afanasiev, Chief Executive Officer of Moscow Exchange.
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Source: Eurex
DB-Synthetic Equity & Index Strategy-Europe-ETF Research-European Weekly ETF Market Review
June 19, 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 our monthly report, issued in the first week following the end of each month.
request report
Source: Deutsche Bank -Synthetic Equity & Index Strategy -Europe
Morgan Stanley signs up as new Authorised Participant for Boost ETP
June 18, 2013--BOOST ETP, an award-winning and independent ETP provider, has signed up Morgan Stanley as a new Authorised Participant (AP).
Morgan Stanley is one of the leading ETF Market Makers in Europe.BOOST ETP now has six APs, all of which are world class ETF Market Makers (MMs).
December 2012 saw BOOST list a platform of 3x short and 3x leverage ETPs consisting of 10 ETPs and 10 Exchange Traded Commodities (ETCs) on the London Stock Exchange, the first of its kind in Europe.
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Source: Boost ETP
New World Bank Report Foresees Fragile Recovery for Six Countries in South East Europe
June 18, 2013--June 18, 2013—Signaling the end of the double-dip recession of 2012, the group of six South East European (SEE6) countries[1] is now making a fragile recovery: its combined real GDP is projected to grow 1.7 percent in 2013 after a 0.6 percent decline in 2012, according to the latest World Bank South East Europe Regular Economic Report (SEE RER), presented today in Pristina.
The drivers of recovery are the bounce back of electricity, agriculture, and some exports, partly because of improved weather conditions.
However, the recovery in SEE6 is still tentative. In some countries, non-performing loans, sluggish credit recovery, continued deleveraging, and fiscal consolidation are exerting a drag. Moreover, the recovery in SEE6 is unlikely to accelerate as long as the Eurozone remains in recession.
view the World Bank South East Europe Regular Economic Report No.4-From Double-Dip Recession to Fragile Recovery
Source: World Bank
UBS lists broad commodity ETF on London Stock Exchange
June 18, 2013--UBS Global Asset Management has launched a new exchange-traded fund (ETF) on the London Stock Exchange.
The fund, the UBS-ETF CMCI Composite, offers diversified exposure to the commodities asset class via a widely diversified and dynamic commodities index.
Based on the UBS Bloomberg Constant Maturity Commodity Index (CMCI) Composite, an index developed by UBS in cooperation with Bloomberg, the fund delivers access to 28 commodity futures contracts covering the energy, industrial metals, precious metals, agriculture and livestock sectors.
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Source: ETF Strategy
A guide to the EC's proposed benchmark fines
June 18, 2013--The European Commission is proposing financial penalties for firms and individuals that rig the "critical benchmarks" shaping the global financial markets.
The severity of these fines will depend on a range of factors, including the scale of the infringement and the size of the company concerned.
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Source: Financial News
A guide to the EC's proposed benchmark fines
June 18, 2013--The European Commission is proposing financial penalties for firms and individuals that rig the "critical benchmarks" shaping the global financial markets.
The severity of these fines will depend on a range of factors, including the scale of the infringement and the size of the company concerned.
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Source: Financial News
City wins concession on EU financial regulation
June 18, 2013--"UK agrees EU deal on City regulation," headlines the Financial Times in a front page story branding a financial regulation agreement, which was unofficially agreed last week, a "significant step forward."
The deal will regulate trades in London’s financial markets, and comes after more than two years of tough negotiations between banks, stock exchanges and governments in the UK, France and Germany. It will be formally approved by EU finance ministers on Friday.
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Source: Press Europ
Eurex Clearing's Lending CCP to extend covered markets and service scope
Commitment of major market participants/ As of now European equities from Belgium, France and Netherlands also included/ First CCP service to offer processing of voluntary corporate actions
June 18, 2013--Eurex Clearing, one of the world's leading clearing houses, announced that it has extended the product and service scope of its Lending CCP, Europe's first central counterparty (CCP) service for the bilateral securities lending market.
Since early June, equities from three additional European countries are accepted and an innovative solution for voluntary corporate actions has been introduced.
Blue chip equities from Belgium, France and the Netherlands are now eligible for the Lending CCP service that already covers equities from Germany and Switzerland and a wide range of international fixed income instruments and exchange-traded funds. A full range of voluntary corporate actions is now included in the service, based on bilateral agreements between lenders and borrowers.
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Source: Eurex
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