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STOXX launches Managed Futures Index
New index is based on Efficient Capital Management research
December 12, 2012--STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today announced the launch of the iSTOXX Efficient Capital Managed Futures 20 Index, a new index based on research provided by Efficient Capital Management, a global leader in the Managed Futures industry.
The new index is comprised of 20 of the largest Commodity Trading Advisors (CTAs) by assets under management.
The iSTOXX Efficient Capital Managed Futures 20 Index will enable STOXX’s clients to measure the composite performance of some of the world’s largest CTAs on a daily basis. It can also be used as a benchmark against a single CTA or pool of CTAs, or as underlying for financial products. CTAs invest across listed financial futures markets such as commodities, equity indices, fixed income and foreign exchange, as well as into interbank FX. This broad exposure ultimately leads to a well diversified index.
“Today’s launch of the iSTOXX Efficient Capital Managed Futures 20 Index marks another step of STOXX’s quest to bring innovative concepts to the market, which are highly sophisticated but at the same time completely rules-based and transparent,” said Hartmut Graf, chief executive officer, STOXX Limited. “By including Efficient Capital Management’s data in our index, we can offer market participants access to a well-diversified pool of some of the world’s largest CTAs; which are a rapidly growing part of the hedge fund industry.”
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Source: STOXX
Former FSA boss Hector Sants joins Barclays as head of compliance
Sants to join after Financial Services Authority gardening leave is over and be responsible for bank's relationship with regulators
December 12, 2012--The former chief City watchdog is joining Barclays bank in a newly created role to overhaul the bank's compliance procedures following the Libor interest rate-rigging scandal and to rebuild its battered relationship with financial regulators.
Hector Sants will join the bank in January as head of compliance, government and regulatory relations after six months' gardening leave from the Financial Services Authority. He will be responsible for the embattled bank's relationship with regulators and a department staffed by 1,300 compliance officers.
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Source: The Guardian
Boost ETP launches on London Stock Exchange
Issuer debuts with FTSE-based leveraged products
GETCO becomes London’s 26th ETP market maker
Boost CEO opens trading on London markets
December 11, 2012-London Stock Exchange today welcomes Boost ETP as a new issuer of Exchange Traded Products (ETPs) on its Main Market.
The company plans to introduce 20 new products throughout December, offering leveraged exposure to a range of indices. Benchmarks created and managed by FTSE, London Stock Exchange Group’s leading index provider, have been licensed to underlie a number of the new products.
GETCO will act as dedicated market maker for Boost ETP’s products, making it an ETP market maker on London Stock Exchange for the first time. It brings the total number of firms market making ETFs and ETPs on the UK markets to 26.
To mark the launch, Hector McNeil and Nik Bienkowski, both Co-CEOs at Boost ETP, joined Gillian Walmsley, Head of Fixed Income Products at London Stock Exchange to formally open trading on the London markets this morning.
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Source: London Stock Exchange
Eurex to extend its index derivatives segment
Launch of major regional and emerging markets country index derivatives based on MSCI Indices in a stepwise approach starting Q1 2013/Licensing agreement signed with MSCI
December 11, 2012--The international derivatives market Eurex Exchange announced today that it has signed a licensing agreement with the index provider MSCI.
In the course of 2013, Eurex aims to launch derivatives on around ten regional and 20 country indices. The offering will comprise the major regional indices for developed markets like the MSCI World and MSCI Europe Indices and a broad coverage of emerging markets and the respective country indices, including the MSCI Emerging Markets and MSCI Frontier Markets Indices. The new index derivatives will provide Eurex clients access to emerging markets, which become increasingly important for global investors. This extension will add a significant number of index derivatives to the existing segment which currently covers 70 different indices.
“Based on demand of our members and market participants, we will expand our product suite. The underlying MSCI indices are highly regarded in the financial industry, especially by buy-side institutions,” said Peter Reitz, member of the Eurex Executive Board. “Currently, there are only a few listed index derivatives available globally based on the respective indices. With our planned product initiatives we will offer new hedging opportunities for institutional investors.”
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Source: Eurex
Vienna Stock Exchange Launches Distributing Indices On The ATX
December 10, 2012--Starting today, the Vienna Stock Exchange will calculate and publish the ATX Distributing and the ATX Top Dividend Distributing. The two new indices are a dividend distributing version of their underlying indices.
Dividends play an important role when analysing total return on investment. The calculation of distributing indices is our response to demand for portraying additional dividend strategies.
Unlike total return indices, which reflect the reinvestment of dividends, distributing indices take the payout of dividends into account. The new index design therefore introduces a theoretical cash component that replicates the net dividend payments plus daily accrued interest according to the EONIA interbank rate. The distribution of the cash accumulated theoretically is reflected by resetting the cash component to zero twice a year.
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Source: Vienna Stock Exchange
Deutsche Bank holt Simon Klein zuruck
December 10, 2012--Die Deutsche Bank mit ihrer ETF-Marke db X-trackers und ihrer ETC-Marke db-X ETC verpflichtet Simon Klein för den hauseigenen Vertrieb.
Er kehrt somit nach rund zwei Jahren zu seinem alten Arbeitgeber zurück.
Wechsel von Lyxor
Simon Klein verstärkt den Bereich Asset & Wealth Management (AWM) der Deutschen Bank.
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Source: Youquant.com
Component changes made to EURO STOXX Select Dividend 30 Index
December 7, 2012--STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today announced component changes in the EURO STOXX Select Dividend 30 Index due to the fast exit rule.
Component changes will become effective with the open of markets on December 24, 2012.
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Source: STOXX
Unscheduled component change in MDAX
Talanx to replace Douglas Holding in MDAX/ Constantin Medien to remain in SDAX
December 7, 2012--Deutsche Börse today decided on unscheduled changes in MDAX. Due to the takeover of Douglas Holding by Beauty Holding Three AG, the free-float of Douglas Holding dropped below 10 percent.
The company therefore no longer meets the minimum free-float criteria of the index.
In MDAX the shares of Talanx will replace Douglas Holding. Consequently, the changes to SDAX that were announced on 5 December will not be implemented and the shares of Constantin Medien will remain in SDAX.
The changes will be effective as of 12 December 2012. The next regular index review will be held on 5 March 2013.
Please go to www.dax-indices.com for further information.
Source: Deutsche Börse:
Clearer product charges to lead to a rise in trackers and ETFs
Low-cost funds are set to soar in popularity, but cost is not the only consideration for investors.
December 7, 2012--Hidden charges are the scourge of investing, but you'll be pleased to hear that imminent changes in regulation will make it easier for you to see exactly what you're paying for when buying an investment product.
And it's this realisation of what you're spending in charges, along with the rock-bottom interest rates making it hard to generate returns, that will cause low-cost tracker funds to soar in popularity.
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Source: The Independant
Credit Suisse Takes Ax to European Equities
December 7, 2012--Credit Suisse Group AG (CS) this week began a plan to shed more than 30 staff from its equities sales and trading business in Europe, with its head of global sales among those to be cut.
The ax has fallen heaviest on the Swiss bank's sales team, with a handful of redundancies also made in research. The Swiss bank's sales trading team in London has been left largely untouched, according to three people familiar with the situation.
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Source: FOX Business News
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