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Joint Venture Scoach to face termination
February 19, 2013--The joint trading platform Scoach for structured products in Switzerland and Germany operated by SIX and Deutsche Börse will face disbandment because SIX terminated the cooperation contract.
Due to this termination of the cooperation contract the joint venture will end on 30 June 2013. The markets brought into the venture will be returned to the mother companies.
Source: Deutsche Börse
NYSE Euronext announces new ETF on European markets
February 18, 2013--NYSE Euronext is pleased to announce that Lyxor has listed 1 new ETF on NYSE Euronext Paris on February 18, 2013:
:Listing date: 18/02/2013
Trading name: LYXOR ETF MTS SPA
ISIN: FR0011384148
Symbol:ES10
Benchmark Index: MTS Spain Gvt Index (All-Mat)
TER (%): 0.165
NYSE Euronext now has 670 listings of 580 ETFs listed on its European markets.
Visit
http://etp.nyx.com for more info.
Source: NYSE Euronext
Euro area investment fund statistics
February 18, 2013--In December 2012, the amount outstanding of shares/units issued by euro area investment funds other than money market funds was € 209 billion higher than one quarter earlier in September 2012.
This increase was due both to increases in share/unit prices and to net issues
of shares/units.
The amount outstanding of shares/units issued by euro area investment funds other than money market funds increased to € 6,558 billion in December 2012, from € 6,349 billion in September 2012. Over the same period, the amount outstanding of shares/units issued by euro area money market funds decreased to € 911 billion from € 942 billion.
Transactions1 in shares/units issued by euro area investment funds other than money market funds amounted to € 123 billion in the fourth quarter of 2012, while transactions in shares/units issued by money market funds amounted to minus € 22 billion.
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Source: ECB
Talk of dwindling ETF providers disputed
February 15, 2013--The belief that radical change is likely in the European exchange traded funds market on the back of BlackRock's recent acquisition of Credit Suisse's ETF business has been disputed by industry commentators.
According to Hector McNeil, co-chief executive of Boost, a new provider of leveraged and inverse exchange traded products, many of the investment banks that have ETF operations will exit the market because of increased regulation and revenue pressures.
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Source: FT.com
German Banks Will Consider Hedge Fund Exit, Fitch Says
February 15, 2013--German banks may exit proprietary trading and hedge-fund businesses rather than set up separate units under a government plan to strengthen the finance industry, according to Fitch Ratings Ltd.
The banks could opt to stop “restricted activities rather than incur the costs of separation, as the affected businesses make relatively small contributions to earnings,” Fitch analysts including Michael Dawson-Kropf said in an e-mailed statement today. “Only a few banks would end up putting trading activities into separate subsidiaries.”
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Source: Bloomberg
Euro area securities issues statistics
February 14, 2013--The annual growth rate of the outstanding amount of debt securities issued by euro area residents decreased from 2.9% in November 2012 to 2.1% in December.
For the outstanding amount of quoted shares issued by euro area
residents, the annual growth rate was 1.1% in December 2012, compared with 1.0% in November.
New issuance of debt securities by euro area residents totalled EUR 709 billion in December 2012.
Redemptions stood at EUR 815 billion and net redemptions amounted to EUR 75 billion.2 The annual
growth rate of outstanding debt securities issued by euro area residents decreased from 2.9% in
November 2012 to 2.1% in December.
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Source: ECB
Deutsche expands physical ETF footprint with Japan launch
Deutsche Asset and Wealth Management has launched an exchange traded fund (ETF) physically tracking Japan’s Nikkei 225 index
February 27, 2013--Deutsche Asset and Wealth Management has launched an exchange traded fund (ETF) physically tracking Japan's Nikkei 225 index.
The db X-trackers Nikkei 225 Ucits ETFs ‘direct replication’ invests in the underlying index constituents, and joins the firm’s existing ‘indirect replication’ – or swap based – ETF on the Japanese market.
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Source: CityWire
EU finance trade tax applicable globally: Brussels
February 14, 2013--A financial transactions tax to be adopted by 11 EU states should raise 30-35 billion euros each year but the levy will apply worldwide, the European Commission said Thursday, sparking a sharp reaction from opponents led by Britain.
The Financial Transaction Tax (FTT) imposes a tax of 0.1 percent on a trade in shares and bonds, and of 0.01 percent for derivative instruments.
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Source: EUbusiness
Deutsche Boerse questions impact of a financial transaction tax
Striking discrepancy between political objectives and impacts/Risk import through the back door
February 14, 2013--Deutsche Bö
rse questions the sense of a financial transaction tax draft published today by the European Commission. The impacts of this potential tax show a striking discrepancy between political objectives derived from the financial crisis.
On the one hand, the European Union wants to improve transparency and stability and wants the financial sector to make a contribution to the costs of the crisis. On the other hand, such a very tax will lead to a situation in which financial transactions will migrate to less regulated and non-transparent markets. Potential systemic risks will remain unchanged, but they will merely be detracted from the influence and control of the supervision.
By introducing the tax in only 11 member states of the European Union theses negative impacts will only play out more strongly. Especially because important financial centers like London and Luxembourg will not take part in enhanced cooperation. This will mean a further weakening of the financial center in Germany with massive economic effects to follow.
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Source: Deutsche Bö
Europa- Flash estimate for the fourth quarter of 2012
February 14, 2013--Euro area GDP down by 0.6% and EU27 down by 0.5%
-0.9% and -0.6% respectively compared with the fourth quarter of 2011
GDP fell by 0.6% in the euro area1 (EA17) and by 0.5% in the EU271 during the fourth quarter of 2012,, compared with the previous quarter, according to flash estimates2 published by Eurostat, the statistical office of the European Union.
In the third quarter of 2012, growth rates were -0.1% and +0.1% respectively.
Compared with the same quarter of the previous year, seasonally adjusted GDP fell by 0.9% in the euro area and by 0.6% in the EU27 in the fourth quarter of 2012, after -0.6% and -0.4% respectively in the previous quarter.
During the fourth quarter of 2012, GDP in the United States was stable compared with the previous quarter (after +0.8% in the third quarter of 2012). Compared with the same quarter of the previous year, GDP rose by 1.5% in the United States (after +2.6% in the previous quarter).
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Source: EUROPA
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