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No ‘special regime’ required for ETF regulation
January 5, 2012--The regulation of exchange traded funds should not be subject to any kind of “special regime”, according to the International Capital Markets Association, a trade body.
The ICMA’s Asset Management and Investors Council said regulators should focus on improving transparency rather than imposing restrictive practices that would affect ETFs.
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Source: FT.com
EPEX SPOT / EEX Power Derivatives: Power Trading Results in December
January 4, 2011--In December 2011, a total volume of 30.9 TWh was traded on EPEX SPOT’s auction and intraday markets (December 2010: 26.2 TWh).
During the same period, the volume in power derivatives trading on EEX Power Derivatives amounted to 65.7 TWh in December (December 2010: 84.4 TWh).
In December 2011, power trading on the day-ahead auctions on EPEX SPOT accounted for a total of 28,338,318 MWh (December 2010: 24,970,420 MWh) and
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Source: EEX
Germany to remain safe haven despite any rating cut
January 3, 2011--A mass ratings downgrade of euro zone countries expected early this year is likely to increase selling pressure on French and Italian government debt, but could paradoxically consolidate Germany's safe-haven status.
Standard & Poor's has warned it could soon downgrade the triple-A ratings of Germany, Austria, the Netherlands, Finland, Belgium and Luxembourg by one notch and the ratings of other euro zone countries, including top-rated France but excluding Greece and Cyprus, by two notches.
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Source: Reuters
NASDAQ OMX acquires the Central Securities Depository of Lithuania
January 3, 2012--January 3, 2012 - Today, NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announced the completion of its acquisition of the Central Securities Depository of Lithuania (CSDL), whereby NASDAQ OMX Helsinki Oy purchased the remaining 60 percent of the shares of the CSDL from the Bank of Lithuania.
After this acquisition, the NASDAQ OMX Group owns 100 percent of the CSDL. Before the completion of the acquisition, the NASDAQ OMX Group owned 32% of the CSDL through NASDAQ OMX Helsinki Oy, and 8% through NASDAQ OMX Vilnius where NASDAQ OMX owns 96%.
"We are happy to have won the public tender for the sale of the CSDL shares and have closed the deal with the Bank of Lithuania. NASDAQ OMX owns a stock exchange in Lithuania and exchanges and central depositories in Latvia and Estonia. Therefore, acquiring the remaining stake in the Central Securities Depository of Lithuania was a natural step in providing an integrated and cost efficient offer of high quality trading and post-trading services to companies traded on Baltic exchanges and investors trading in Baltic countries." said Hans-Ole Jochumsen, President of NASDAQ OMX Nordic.
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Source: NASDAQ OMX
Boerse Stuttgart reports 2011 turnover in excess of EUR 108 billion
Trading volume up more than 15 percent / Increases in all asset classes / Europe's market leader for securitised derivatives and Germany's market leader for corporate bonds / Another record year for ETF trading
January 3, 2011--According to Boerse Stuttgart's order book statistics, aggregate turnover for 2011 was more than EUR 108 billion. This means that the total trading volume was over 15 percent up on the previous year's figures.
The Stuttgart Stock Exchange recorded growth in all asset classes, although the biggest rises in turnover were attributable to trading in investment funds, equities and securitised derivatives.
With a trading volume of nearly EUR 57 billion for securitised derivatives, Boerse Stuttgart retained its position as Europe's market leader for this asset class. There was particularly strong growth in the trading of warrants, which put on nearly 25 percent, and bonus certificates, which recorded an increase of more than 22 percent.
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Source: Boerse Stuttgart
.) Northern Trust-Monthly Market Review:
January 3, 2012--This month's highlights include:
Northern Trust named European Administrator of the Year by Funds Europe magazine
Funds serviced in Ireland reportedly reach three-year high
Reform of European OTC derivatives market may be delayed
ETF industry benefitting from growth in tactical investing, says report
Complex funds set to be high on EC regulatory agenda in 2012
view monthly market review
Source: Northern Trust
Spain public deficit may top 8%
January 2, 2011--Spain’s public deficit for 2011 may be higher than the 8 percent of GDP forecast by the new government, the economy minister said on Monday, fuelling fears the country faces a prolonged period of tight budgets and economic contraction.
Spain had originally targeted a 2011 deficit of 6 percent of gross domestic product, but the newly elected conservatives said on Friday the deficit would be 8 percent. It said it would now have to work hard to hit this year’s tough deficit-reduction goals in an economy seen tipping back into recession this quarter and announced new tax rises and spending cuts.
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Source: FIN24
Eurozone manufacturing stuck in reverse: survey
Jsnuary 2, 2011--The eurozone manufacturing sector was in reverse for the fifth month in a row in December due to fewer orders, a global economic slowdown and financial market upheaval, a key survey showed Monday.
With recession looming in 2012 across the 17-nation bloc, every state recorded drops in production for the second month running, according to the purchasing managers' index (PMI) compiled by Markit research firm.
"Eurozone manufacturing is clearly undergoing another recession," said Markit chief economist Chris Williamson.
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Source: EUbusiness
STOXX Monthly Index Report – 2011 In Review
January 2, 2012--As of December 30, 2011 stock market indices in Europe, Asia, the U.S. and globally were down in 2011, according to global index provider STOXX Limited. For the month of December, the Europe, Asia, U.S. and global markets were up 4.46%, 3.32% and 3.89%, respectively.
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Source: Mondovisione
Turnover at Deutsche Börse’s cash market at 1.48 trillion euros
Turnover 12 percent up year-on-year/
82.7 billion euros turnover on Xetra in December
January 2, 2012-- In 2011, 1.48 trillion euros were turned over at the cash market of Deutsche Börse. This is an increase of about 12 percent compared to 2010 (1.32 trillion euros). Order book turnover on Xetra and the Xetra Frankfurt specialist trading stood at €86.5 billion in December – a decrease by 7 percent year-on-year (December 2010: €92.9 billion).
Of the €86.5 billion, €82.7 billion were attributable to Xetra (-5 percent y-o-y, December 2010: €86.7 billion). €3.8 billion were attributable to the Xetra Frankfurt specialist trading, a 38 percent decrease y-o-y (December 2010: €6.2 billion). Order book turnover on Tradegate Exchange* totalled approximately €1.8 billion in December.
In equities, turnover reached €71.0 billion on Deutsche Börse’s cash markets (Xetra: €69.5 billion, Xetra Frankfurt specialist trading: €1.5 billion). Turnover in bonds was €1.3 billion, and in structured products on Scoach €1.7 billion. Order book turnover in mutual funds and exchange-traded funds (ETFs) amounted to €12.5 billion.
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Source: Deutsche Borse
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