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ETF Stat July 2012--Borsa Italiana
September 4, 2012--The ETF Statistics of the ETF Plus Market for the month of July 2012 are now available.
Please be informed that, due to technical problems, the spread statistics are not available.
view Jefferies aims for a fifth of LME turnover read more Regulator to extend commission crackdown read more
Moody's changes EU rating outlook to negative
Back in July, Moody's changed its outlook for Germany, the Netherlands and Luxembourg to negative as fallout from Europe's debt crisis cast a shadow over its top-rated countries. The outlook on France and the UK are also negative.
read more Xetra orderbook turnover at 79 billion euros in August
In equities, turnover reached €69.7 billion on Deutsche Börse’s cash markets (Xetra: €67.9 billion, Xetra Frankfurt specialist trading: €1.8 billion). Turnover in bonds was €1.5 billion, and in structured products on Scoach €1.2 billion. Order book turnover in funds and ETFs/ETCs/ETNs amounted to €11.7 billion. view more
Average daily volume of 7.2 million contracts at Eurex Group in August
At Eurex Exchange, the equity index derivatives segment totaled 56.8 million contracts (August 2011: 123.5 million). The single largest contract was the future on the EURO STOXX 50® Index with 21.0 million contracts. The option on this blue chip index totaled 24.2 million contracts. Futures on the DAX index recorded 2.6 million contracts while the DAX options reached another 4.1 million contracts. The Eurex KOSPI Product recorded 1.8 million contracts. read more
BlackRock North American Income Trust To Raise GBP100M in London Float BlackRock intends to raise in excess of GBP100 million for BlackRock North American Income Trust, or BRNAIT. Company will target an initial annualized dividend yield of 4%, paid quarterly in sterling, net of fees, and aims to outperform the Russell 1000 Value Index on a total return basis. Company will invest into a portfolio of predominantly U.S. large cap quoted companies that exhibit the ability to grow dividends and will employ an active options overlay strategy using predominantly covered call options. read more BlackRock gearing up for commission-free era read more Eurozone inflation rises to 2.6% in August European ETF sec lending revenue hit 40 EURO million in 2011
The guidelines were developed following a review of the current regulatory regime in Europe. ESMA found it to be “insufficient to address the specific features and risks associated with” index-tracking UCITS and UCITS ETFs and the efficient portfolio management techniques, such as securities lending, repo and reverse repo, that they may carry out.
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Source: Borsa Italiana
September 4, 2012--Jefferies, the US investment bank, aims to become one of the world's largest metals brokers with more than a fifth of the turnover on the London Metal Exchange after a series of aggressive hires from struggling European rivals.
The bank’s futures brokerage unit, Jefferies Bache, will today begin trading on the red leather benches of the LME’s open-outcry ring, becoming one of just 12 brokers and banks who hold the exchange’s highest level of membership.
Source: FT.com
The new City regulator is to ban commissions on insurance policies, mortgages and bank accounts.
September 4, 2012--The City regulator is to strengthen its crackdown on commissions by extending the ban to insurance policies, mortgages and bank accounts.
The Financial Services Authority (FSA) is planning a commission ban for sales of investment-related products from 31 December 2012, meaning financial advisers will no longer be able to take commission to pay for their services.
Source: CityWire
September 3, 2012--Moody's Investors Service has changed its outlook on the Aaa rating of the European Union to negative, warning it might downgrade the bloc if it decides to cut the ratings on the EU's four biggest budget backers: Germany, France, UK and Netherlands.
The move will add to pressure on the European Central Bank to provide details of a new debt-buying scheme to help deeply indebted euro zone states at its policy meeting on Thursday.
Source: Reuters
September 3, 2012--Order book turnover on Xetra and the Xetra Frankfurt specialist trading stood at €83.8 billion in August-a decrease by 54 percent year-on-year (August 2011: €181.6 billion).
Of the €83.8 billion, €79.4 billion were attributable to Xetra – a decrease by 54 percent y-o-y (August 2011: €173.4 billion). €4.4 billion were attributable to the Xetra Frankfurt specialist trading – a decrease by 47 percent y-o-y (August 2011: €8.3 billion). Order book turnover on Tradegate Exchange* totalled approximately €2.7 billion in August.
Source: Xetra
September 3, 2012--In August 2012, the international derivatives markets of Eurex Group recorded an average daily volume of 7.2 million contracts (August 2011: 13.2 million).
Of those, 5.1 million were Eurex Exchange contracts (August 2011: 9.1 million), and 2.1 million contracts (August 2011: 4.1 million) were traded at the U.S.-based International Securities Exchange (ISE). August 2011 saw very high volumes due to turbulences in the euro zone. In total, 117.2 million contracts were traded at Eurex Exchange and 49.1 million at ISE.
Source: Eurex
September 3, 2012--BlackRock Investment Management (U.K.) Ltd. Monday announces the launch of BlackRock North American Income Trust PLC, a new, North American focused, equity income investment trust to be floated on the main market of the London Stock Exchange at 100 pence a share.
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Source: Wall Street Journal
Septemeber 2, 2012--BlackRock's exchange traded fund (ETF) division, iShares, is gearing up for the UK's new distribution rules by hiring new hands.
iShares is to add at least six people to its UK-based operations in the months ahead as it prepares for the introduction of the Financial Services Authority’s retail distribution review (RDR) in January.
Source: FT.com
August 31, 2012--Eurozone inflation rose again in August to 2.6 percent, the EU statistics agency said on Friday in a flash estimate.
After holding steady at an annualised 2.4 percent over the three previous months, the figures from the Eurostat agency marked the 20th consecutive month that inflation came in above the ECB's medium-term inflation target of just below but close to 2.0 percent.
Source: EUbusiness
August 31, 2012--A survey has found that approximately €40 million in net revenue was generated from securities lending in European physical replication exchange traded funds (ETFs) last year.
Information and data provider Morningstar’s survey of 10 European providers of physical replication ETFs comes after the European Securities and Markets Authority (ESMA) released controversial guidelines on ETFs and other UCITS issues that affect securities lending in July.
Source: Securities Lending Times
