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Greek PM warns of euro exit
November 4, 2012--Greek Prime Minister Antonis Samaras warned again on Sunday that the debt-crippled country could be forced out of the euro if parliament fails to approve a new round of austerity measures needed for a lifeline from creditors.
"We must save the country from catastrophe... if we fail to stay in the euro nothing will make sense," he told lawmakers from his conservative party.
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Source: FIN24
Nasdaq woos traders to back new European futures market
November 1, 2012--Nasdaq OMX is offering incentives to European trading firms in a bid to win support for its nascent futures exchange and ensure a strong start for a market aiming to boost competition in European futures trading.
The New York-based exchange is talking with banks and other trading houses, encouraging them to use NLX, a London-based futures exchange set to debut in the first quarter of next year, subject to regulatory approval.
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Source: Reuters
'IMKB rally' enters 3rd day, inches toward new record
November 1, 2012--The Istanbul Stock Exchange (IMKB) maintained its march towards setting a new "all-time high" on Thursday for the second day in a row, after closing at a record high a day earlier.
The stock market's benchmark İMKB-100 index reached an all-time high of 72.528 points by the end Wednesday, more than 41 percent higher than the level seen at the beginning of this year. Tuesday's close was 71,716 points.
The index opened Thursday's opening session with shares gaining 0.06 percent in value at 72,574 points.
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Source: Todays Zaman
ETF Securities Precious Metals Weekly: Gold rises even as Boerse Stuttgart reports turnover of around EUR 7 billion in October
Significant increase in debt instrument trading/Corporate bonds and German Bunds in demand
November 1, 2012--Boerse Stuttgart's order book statistics show that its turnover reached around EUR 7 billion in October 2012. The trading volume therefore fell slightly month on month.
At around EUR 3.2 billion, securitised derivatives accounted for the largest share of turnover in October. This means that the transaction volume was around 10 percent below the previous month’s figures in a generally weak market environment. On the whole, the volume of investment products traded at Boerse Stuttgart stood at more than EUR 1.9 billion. Leverage products contributed around EUR 1.3 billion to the total turnover.
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Source: Boerse Stuttgart
Lyxor switches to FTSE for its Global Real Estate Indices
November 1, 2012--Lyxor, a leader in innovative asset management and the third largest ETF provider in Europe (by AUM) , has chosen to replace the indices it uses as the basis for its Global Real Estate ETFs, switching to the FTSE EPRA/NAREIT Developed Global Real Estate indices. FTSE EPRA/NAREIT benchmarks are the leaders in the listed real estate sector globally.
Francois Millet, Head of Business Development – Indexing at Lyxor, said "We have chosen to replace MSCI Real Estate Index with FTSE EPRA/NAREIT because of its high standards of investability and transparency. Further, FTSE EPRA/NAREIT indices are the most widely used global benchmarks for listed real estate and are endorsed by the leading real estate industry associations.” These indices will support Lyxor’s planned growth within the real estate ETF market. “Choosing the right index partner is an important part of providing high quality products" said Millet.
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Source: FTSE
Average daily volume of 7.6 million contracts at Eurex Group in October
November 1, 2012-- In October 2012, the international derivatives markets of Eurex Group recorded an average daily volume of 7.6 million contracts (October 2011: 10.7 million).
Of those, 5.3 million were Eurex Exchange contracts (October 2011: 7.3 million), and 2.4 million contracts (October 2011: 3.4 million) were traded at the U.S.-based International Securities Exchange (ISE).
At Eurex Exchange, the equity index derivatives segment totaled 54.0 million contracts (October 2011: 82.3 million). The single largest contract was the future on the EURO STOXX 50 Index with 22.0 million contracts. The option on this blue chip index totaled 20.8 million contracts. Futures on the DAX index recorded 2.7 million contracts while the DAX options reached another 3.6 million contracts. The Eurex KOSPI Product recorded 2.0 million contracts.
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Source: Eurex
ESMA publishes its opinion on the emergency measure by the Greek HCMC under the Short Selling Regulation
November 1, 2012--The European Securities and Markets Authority has published its Opinion on the emergency measure by the Greek HCMC under the Short Selling Regulation.
ESMA Opinion
ESMA is adopting the following opinion on the notified measure, on the basis of Article 27(2) of Regulation 236/2012 on Short selling and certain aspects of credit default swaps:
On the adverse events or developments ESMA considers that there are adverse developments which constitute a serious threat to financial stability and to market confidence in Greece.
On the appropriateness and proportionality of the measure ESMA considers that the measure is appropriate and proportionate to address the above-mentioned threats that persist in Greece.
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Source: ESMA
ESMA publishes its opinion on the emergency measure by the Spanish CNMV under the Short Selling Regulation
November 1, 2012--The European Securities and Markets Authority has published its Opinion on the emergency measure proposed by the Spanish CNMV under the Short Selling Regulation.
Opinion
ESMA is adopting the following opinion on the notified measure, on the basis of Article 27(2) of Regulation 236/2012 on Short selling and certain aspects of credit default swaps:
On the adverse events or developments ESMA considers that there are adverse developments which constitute a serious threat to financial stability and to market confidence in Spain.
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Source: ESMA
Xetra orderbook turnover at 84 billion euros in October
November 1, 2012--Order book turnover on Xetra and the Xetra Frankfurt specialist trading stood at €88.7 billion in October-a decrease by 19 percent year-on-year (October 2011: €109.5 billion).
Of the €88.7 billion, €84.1 billion were attributable to Xetra – a decrease by 20 percent y-o-y (October 2011: €104.6 billion). €4.6 billion were attributable to the Xetra Frankfurt specialist trading – a decrease by 7 percent y-o-y (October 2011: €5.0 billion). Order book turnover on Tradegate Exchange* totalled approximately €2.6 billion in October.
In equities, turnover reached €76.5 billion on Deutsche Börse’s cash markets (Xetra: €74.8 billion, Xetra Frankfurt specialist trading: €1.7 billion). Turnover in bonds was €2.0 billion, and in structured products on Scoach €1.6 billion. Order book turnover in mutual funds and exchange-traded funds (ETFs) amounted to €8.7 billion.
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Source: Deutsche Börse
User's guide related to the net short position notification in accordance with Regulation (EU) no.236/2012 on short selling and certain aspects of credit default swaps
October 31, 2012--User's guide related to the net short position notification in accordance with Regulation (EU) no.236/2012 on short selling and certain aspects of credit default swaps
As referred to in the AMF press release of 17 October 2012 about the Short Selling Regulation, the AMF has
published a document describing the new reporting system for short positions. This new system will be available
as of 1st November 2012.
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Source: AMF
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