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New version of Xetra enables intelligent order-on-event
Release 13.0 starts new order types/ Improved risk management of OTC transactions/ More efficient access to the Xetra trading system
November 26, 2012--Deutsche Börse rolled out Xetra Release 13.0 on Monday. This new version of the trading system allows investors to use the intelligent order type order-on-event for the first time.
This allows a market or limit order to be linked to selected market events. The order is automatically triggered if the events occur. Initially, it will be possible to use the most important benchmark indices and the DAX and Bund future as reference values.
“The new order-on-event order type on Xetra is unique in Europe. This innovation sets international standards and in so doing emphasises the leading role and competitiveness of our trading system,” said Rainer Riess, Managing Director of Xetra Market Development. “The new TOP+ order, which usefully supplements the TOP order from Release 12.0, also sets new standards.”
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Source: Deutsche Börse
Mifid talks postponed until 2013
November 26, 2012--Discussions on Europe's markets in financial instruments directive (Mifid) are set to be pushed into 2013 after the planned December meetings were postponed, the FT reports.
The paper says Cyprus, currently holding the rotating EU presidency, decided to take the discussions off the ministerial agenda next month after talks to finalise the EU budget collapsed.
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Source: Parliament News
NYSE Euronext announces new ETF on European markets-iBoxx Gov AAA-AA 1-5 Index
November 26, 2012--NYSE Euronext is pleased to announce that ThinkCapital ETFs N.V. has listed one new ETF on NYSE Euronext Amsterdam market on November 26, 2012:
Listing Date: 26/11/2012
Trading Name:TC iAAT
ISIN:NL0010273801
Symbol: TAT
Benchmark index: iBoxx Gov AAA-AA 1-5 Index
TER:0.15
NYSE Euronext has now 588 ETFs listed on the Euronext markets.
Source: NYSE Euronext
NYSE Euronext announces new ETF on European markets
November 26, 2012--NYSE Euronext is pleased to announce that ThinkCapital ETFs N.V. has listed one new ETF on NYSE Euronext Amsterdam market on November 26, 2012
Listing Date:26/11/2012
Trading Name:TC iAAT
ISIN: NL0010273801
Symbol: TAT
Benchmark index:MSCI Frontier Markets IndexiBoxx Gov AAA-AA 1-5 Index
TER:0.15
NYSE Euronext has now 588 ETFs listed on the Euronext markets.
Source: NYSE Euronext
EU banks want delay for new rules: letter
November 26, 2012--European banks have asked EU Internal Market Commissioner Michel Barnier and other European Union leaders to postpone Basel III regulations aimed at strengthening the financial sector in view of a similar US decision which the banks say would put them at a disadvantage.
"I ask the participants to take into account the problem of an unlevel playing field created by this US decision," said Christian Clausen, head of the European Banking Federation (EBF), in a letter to Barnier
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Source: EUbusiness
Swiss Regulator Puts UBS on Tight Leash
November 26, 2012--Less than a week after a former employee was convicted in a $2.3 billion trading fraud, UBS AG UBS was slapped with a nearly $50 million fine by British authorities, and Swiss regulators announced restrictive measures, including a ban on investment-banking acquisitions by the firm.
Britain's Financial Services Authority said Monday that it fined the Zurich-based bank £29.7 million ($47.6 million) over the 2011 rogue-trading incident. The fine, which ranks among the largest ever imposed by the U.K. regulator, had been expected.
Luxembourg ends Ucits promoters' role
November 25, 2012--The Luxembourg financial regulator has issued a circular that effectively ends the use of promoters, companies which were used to guarantee the financial stability of Ucits funds.
Under the previous rules, the promoter of a Ucits fund had to offer an ultimate financial guarantee to investors for the actions of the management company and the Ucits fund.
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Source: FT.com
EU budget summit ends without deal: EU
November 23, 2012--A European Union summit wound up Friday with "no agreement" sealed for the bloc's next long-term budget, officials from several EU delegations said.
"There is no agreement," one official said.
With the 27 heads of state and government bitterly divided over spending policy, there had been little hope of a deal on a trillioneuro budget for 2014-20 during the two-day summit.
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Source: EUbusiness
Societe Generale : vers la cession de Newedge?
23 nov. 2012-Nouvelle cession en vue pour la Société Générale et le Crédit Agricole ? Selon "Les Echos" qui cite des sources de marché, des discussions ont lieu avec des banques et courtiers pour une vente de la société de courtage Newedge, codétenue par les deux établissements français.
Une cession en plusieurs parties pourrait être envisagée, en séparant l'exécution du "clearing" (compensation) et des restructurations seraient par ailleurs à l'étude, précise le quotidien.
German growth slows in euro crisis: official data
The data are adjusted for inflation and take into account seasonal and calendar effects. view more
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Source: Boursier
November 23, 2012--Germany's economy slowed to 0.2 percent growth in the third quarter of 2012 as the eurozone crisis took its toll, final official data showed on Friday.
Europe's top economy grew by 0.2 percent from July to September compared to the previous three months, according to the federal statistics office Destatis confirming previous provisional figures.
Source: EUbusiness
