Bats Chi-X Europe Gets Recognized Exchange Status in U.K.
May 9, 2013--Bats Chi-X Europe will become a recognized investment exchange later this month, enabling it to compete with stock exchanges across Europe for primary listings.
The multilateral-trading facility’s new status will allow it to host listings for the first time, Bats Chi-X Europe said in a statement. The regulatory approval also means that investors with charters that oblige them to trade on registered stock exchanges can use the London-based company to carry out their transactions.
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Source: Bloomberg
ETF Stat April 2013--Borsa Italiana
May 9, 2013--The ETF Statistics of the ETF Plus Market for the month of April 2013 are now available.
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Source: Borsa Italiana
STOXX Introduces EURO STOXX 50 BuyWrite 100% Index
May 8, 2013--STOXX Limited, the market
moving provider of innovative, tradable
and global index concepts, today
introduced the EURO STOXX 50 BuyWrite 100% Index.
The new index measures the performance of a hypothetical portfolio of a long position of the EURO STOXX 50 Index and a sold call option based on the
EURO STOXX 50 Index.
It is designed to underlie financial products such as exchange-traded funds and other investable products.
The EURO STOXX 50 BuyWrite 100% Index follows the methodology of the existing EURO STOXX 50 BuyWrite Index, however the strike price for the EURO STOXX 50 Index option is set to 100% instead of 105% as in the existing index.
"The EURO STOXX 50 index options achieved 280 million traded contracts at the end of 2012, which makes them the world’s third largest traded index options after the Kospi 200 Options and S&P CNX Nifty Index. The high liquidity of these options enables us to further expand our strategy index series based on options prices with the launch of the EURO STOXX 50 BuyWrite 100% Index," said Hartmut Graf, chief executive officer STOXX Limited.
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Source: STOXX
NASDAQ OMX Nordic New OMX Helsinki Benchmark portfolio selected
The new portfolio of the OMX Helsinki Benchmark index will become effective on June 3, 2013
May 8, 2013--The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announces today the results of the semi-annual review of the OMX Helsinki Benchmark index, (NASDAQ OMX Helsinki: OMXHB), which will become effective with the market open on Monday, June 3, 2013.
Metsä Board Oyj B (METSB) and Cargotec Oyj (CGCBV) will be added to the index.
Rapala VMC Corporation (RAP1V) and Ilkka-Yhtymä Oyj 2 (ILK2S) will be removed from the index.
OMXHB includes some of the largest and most traded stocks on NASDAQ OMX Helsinki and the portfolio is represented by companies in all ten industries.
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Source: NASDAQ OMX
Russia reforms fail to win over investors
May 8, 2013--For the past four years, the Kremlin has been pouring time and money into turning Moscow into an international financial centre and, in principle, ticking all the right boxes.
It has merged Moscow’s two exchanges, created a central securities depositary, reduced settlement time for trades and is in the process of selling off stakes in state companies, including Sberbank, as part of a sweeping privatisation programme.
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Source: FT.com
Buyers call for iShares to cut costs on UK ETFs
May 8, 2013--Fund buyers are calling on iShares to review the pricing of its range of UK exchange-traded funds (ETFs), especially the mainstream vehicles that are charging substantially more than their peers.
The total expense ratio (TER) for core iShares ETFs, such as the S&P 500, FTSE 100 and MSCI World, are significantly higher than peers such as Vanguard, and State Street’s FTSE All Share ETF.
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Source: Investment Week
Deutsche Borse introduces new corporate bond indices
May 7, 2013--Deutsche Börse has launched the new XETRA Prime and Entry Standard Bond index family. The new index family tracks all corporate bonds in the Entry Standard and Prime Standard for corporate bonds.
Three indices are calculated, each as price and performance index:
XETRA Prime Standard Corporate Bond Price Index EUR (DE000A1EX3J6)
XETRA Prime Standard Corporate Bond Total Return Index EUR (DE000A1EX3K4)
XETRA Entry Standard Corporate Bond Price Index EUR (DE000A1EX3L2)
XETRA Entry Standard Corporate Bond Total Return Index EUR (DE000A1EX3M0)
XETRA Overall Corporate Bond Price Index EUR (DE000A1EX3N8)
XETRA Overall Corporate Bond Total Return Index EUR (DE000A1EX3P3)
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Source: Deutsche Börse
The systemic importance of collateral and the role of the repo market-ICMA European Repo Council paper highlights the disruptive impact of the proposed FTT on the widespread use of collateral that underpins the modern financial system
May 7, 2013--A supplementary paper from the ICMA's European Repo Council explains the importance of collateral to the stability and efficiency of the financial system.
It highlights how the proposed Financial Transaction Tax (FTT) would impact the movement of collateral, posing significant systemic risks and interrupting the flow of money between banks, to governments and to the real economy.
The paper notes that global regulatory initiatives such as Basel III are built on the even more extensive use of collateral. Collateral is essential to the intermediation of credit through the financial system to the real economy, which makes it of macro-economic importance. Furthermore collateral is also the link between the financial markets and central banks and therefore crucial to the conduct of monetary policy.
view A supplementary note on the systemic importance of collateral and the role of the repo market paper
Source: ICMA
Boost Research-WTI Crude Prices Approaching Resistance
May 7, 2013--WTI Crude Oil futures prices have rallied over 10% from the 18 April 2013 low of $85.61/bbl but the price gains are expected to stall ahead of $97.00/bbl to $98.24/bbl. resistance.
Prices are expected to drop to $86.00/bbl on a consolidative range trade.
Investors who believe that WTI Crude Oil futures will fall may consider buying the Boost WTI Oil 3x Short Daily ETP (3OIS)
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Source: BOOST
FTSE climbs to five-and-a-half year peak as HSBC rallies
May 7, 2013--A surge in banking shares lifted the FTSE 100 to a 5-1/2 year high on Tuesday after Europe's largest lender HSBC reported estimate-beating results.
Shares in HSBC rose 3 percent after the bank posted a near doubling in first quarter earnings, reaping the benefit of its restructuring plan and echoing strong results from several lenders across Europe in recent weeks.
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Source: Reuters
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