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SIX purchases Oslo Clearing ASA
SIX, Switzerland's financial market infrastructure group, agrees to purchase Oslo Clearing ASA from Oslo Børs ASA
December 17, 2012--
Oslo Clearing is 100% owned by Oslo Børs VPS Holding ASA, and is authorized to act as a central counterparty in accordance with the Norwegian Securities Trading Act.
Oslo Clearing currently carries out CCP clearing of financial directives and security lending products.SIX has agreed to acquire 100% of Oslo Clearing from Norway’s Oslo Børs at the price of approximately NOK 180 Millions (ca. CHF 30 Mio.), assuming freely available cash or book equity to amount to about NOK 120 millions (ca. CHF 20 Mio.). The acquisition is subject to customary approvals and other conditions and is therefore expected to close in Q2 2014. Oslo Clearing will be part of Securities
Services, the post trade division of SIX.
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Source: SIX Securities Services
FESE European Equity Market Report -November 2012
December 17, 2012--FESE has published the 'European Equity Market Report' which gathers data from all the market segments operated by FESE members (including Regulated Markets and Multilateral Trading Facilities) as well as from the major MTFs operated by investment firms in the European market.
The FESE Statistics Methodology used in the Report has been agreed by all the trading venues involved, both RM and MTFs.
view updated report
Source: FESE
Two new Lyxor ETFs launched in the XTF segment on Xetra
December 17, 2012--Two new ETFs issued by Lyxor Asset Management have been tradable in Deutsche Börse's XTF segment since Monday.
ETF name: Lyxor ETF SG Global Quality Income NTR Share Class D-EUR
Asset class: equity index ETF
ISIN: LU0832436512
Total expense ratio: 0.45 percent
Distribution policy: distributing
Benchmark: SG Global Income NTR Index
ETF name: Lyxor ETF S&P 500 VIX Futures Enhanced Roll
Asset class: volatility
ISIN: LU0832435464
Total expense ratio: 0.60 percent
Distribution policy: non-distributing
Benchmark: S&P 500 VIX Futures Enhanced Roll Index
The Lyxor ETF SG Global Quality Income tracks the performance of global high-quality companies in industrialised countries that can expect above-average dividend yields and a sustained increase in value. "Quality income" companies have a history of high profitability, efficiency and strong balance sheets.
The Lyxor ETF S&P 500 VIX Futures Enhanced Roll tracks the implied volatility of the stocks in the S&P 500 using VIX futures contracts with varying maturities.
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Source: Deutsche Börse
Xetra-Gold most successful ETC on Xetra for past five years
Highest average turnover in ETC segment / New website to coincide with 5th birthday
December 14, 2012-- Xetra-Gold (ISIN: DE000A0S9GB0) has been the most frequently traded Exchange Traded Commodity (ETC) on Xetra since its launch on 14 December 2007.
With an average monthly turnover of €164.9 million, Xetra-Gold accounts for around 25 percent of Deutsche Börse's total ETC turnover. The issuer is Deutsche Börse Commodities GmbH, a joint venture between Deutsche Börse, five banks (Commerzbank, Deutsche Bank, DZ Bank, B. Metzler seel. Sohn & Co. and Swiss bank Vontobel) and gold producer Umicore.
Xetra-Gold represents the spot price of one gram of gold and is also backed by physical gold. Trading in small quantities is highly liquid, with a spread of 10 basis points or lower. Deutsche Börse Commodities GmbH currently holds 53.3 tonnes of gold worth over €2.3 billion.
Xetra-Gold reached its peak of €44.28 on 28 September 2012, and its low since launch of €17.15 on 15 August 2008. It recorded its highest daily turnover of €107.9 million on 10 August 2011. August 2011 also saw Xetra-Gold's highest monthly turnover – a total of €899.7 million. The lowest monthly turnover was recorded in May 2008 (€24.8 million).
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Deutsche Börse Commodities
UCITS enjoy surge in net inflows of EUR 41 billion in October
December 14, 2012--The European Fund and Asset Management Association (EFAMA) has today published its latest Investment Fund Industry Fact Sheet*, which provides investment sales and asset data for October 2012.
26 associations representing more than 99.6 percent of total UCITS and non-UCITS assets at end October 2012 provided EFAMA with net sales and/or net assets data.
The main developments in October 2012 in the reporting countries can be summarised as follows:
Net inflows to UCITS surged in October to EUR 41 billion, as all fund categories recorded net inflows. This compares to net outflows of EUR 10 billion recorded in September.
Long-term UCITS (UCITS excluding money market funds) jumped in October to EUR 34 billion, up from EUR 13 billion in September.
Net inflows into bond funds amounted to EUR 25 billion, marking a significant increase compared to September (EUR 9 billion).
Equity funds recorded net inflows of EUR 3 billion for the second successive month.
Balanced funds enjoyed increased net sales in October of EUR 5 billion, up from EUR 2 billion in September.
view the EFAMA Investment Fund Industry Fact Sheet-October 2012
Source: European Fund and Asset Management Association (EFAMA)
Deutsche unveils inaugural physical ETF range
December 14, 2012--Db X-trackers, the exchange traded fund (ETF) arm of Deutsche Bank, has launched its first physical ETFs on the London Stock Exchange.
The direct replication products track the FTSE 100, the Euro Stoxx 50 and the Euro Stoxx 50 Ex Financial indices.
The launch marks the first time the provider has offered a range of physically-replicated products, as part of its new dual strategy in providing both direct and indirect replication ETFs.
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Source: CityWire
Unscheduled free float adjustment in TecDAX
Adjustment for XING AG as of 18
December 14, 2012--Deutsche Börse has announced an unscheduled adjustment to the free float of XING AG in TecDAX.
Due to the takeover by Burda Digital GmbH, the free float of XING AG altered by more than 10 percentage points. According to the guideline to the equity indices the company’s free float will thus be reduced from the current 68.7 percent to 39.45 percent.
The adjustment will become effective next Tuesday, 18 December 2012.
The next regular review of the Deutsche Börse blue-chip indices will be on 5 March 2013.
Source: Deutsche Börse
New Lyxor chief outlines ETF ambitions
December 14, 2012--Arnaud Llinas, the newly appointed global head of Lyxor's exchange traded fund and indexing business, aims to help Lyxor recapture market share to become Europe's second largest ETF provider by the end of 2013.
With assets of $37.4bn at the end of November, Lyxor is currently the third largest player in the European ETF market behind iShares ($132.4bn) and db-X trackers ($48.1bn), according to data from ETFGI, a consultancy.
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Source: FT.com
EURO STOXX 50 ex Financials Index licensed to Deutsche Bank to underlie ETF
December 14, 2012--STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today announced that the EURO STOXX 50 ex Financials Index has been licensed to Deutsche Bank AG to serve as the underlying for an exchange-traded fund (ETF).
The db x-trackers EURO STOXX 50® ex Financials UCITS ETF (DR) will be listed on London Stock Exchange today, and become available on Xetra and Borsa Italiana in the next days.
“The EURO STOXX ex Financials Index offers market participants a tool to access the performance of leading Euro zone companies without exposure to the financial industry,” said Hartmut Graf, chief executive officer, STOXX Limited. “At the same time, the index is based on the superior and established methodology and composition of Europe’s favourite equity index.”
Launched on October 17, 2011, the EURO STOXX 50 ex Financials Index follows the same methodology as the underlying EURO STOXX 50 Index, but excludes all companies in the underlying index which are classified as ICB industry Financials (code 8000).
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Source: STOXX
ShortDAX x3 and LevDAX x3 Indices to underlie two exchange-traded products for the first time
December 13, 2012--Deutsche Börse today announced that the ShortDAX x3 and LevDAX x3 indices have been licensed to London-based firm Boost ETP to serve as the basis for exchange-traded products (ETPs) for the first time.
The Boost LevDAX 3x Daily ETP and Boost ShortDAX 3x Daily ETP are available today on the London Stock Exchange.
“The ShortDAX and LevDAX index series are designed for sophisticated market participants with diverse risk profiles who seek access to leveraged instruments in the DAX. In this case, the ShortDAX x3 and LevDAX x3 indices measure triple the performance of the DAX either directly or in an inverse way,” said Hartmut Graf, chief executive officer of STOXX. STOXX is the marketing agent for the indices of Deutsche Börse AG and SIX, including the DAX and SMI indices.
Nik Bienkowski, Co-CEO, Boost ETP, commented: “We are delighted to be listing two ETPs which will provide 3x short and 3x leveraged returns based on daily changes in the DAX. The DAX is one of Europe’s most liquid and widely followed benchmarks, which suits BOOST’s requirement for liquid, transparent and blue-chip benchmarks for our new ETP platform. BOOST’s 3DES and 3DEL allows investors to take advantage of trading and hedging opportunities using the DAX in a simple, liquid and robust exchange traded security.”
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Source: Deutsche Börse
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