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RBS Launches Sixth Retail Bond on ORB
Inflation linked bond with 7 year maturity and 2% fixed coupon with the principal linked to RPI
November 7, 2011--The London Stock Exchange today welcomes a new RBS inflation linked bond onto the Order Book for Retail Bonds (ORB). This is the sixth bond to be issued by RBS on to the platform since launch.
The Inflation linked bond has maturity of seven years and a two per cent fixed coupon with the principal linked to RPI. The bond will be issued in £1,000 denominations.
Commenting on the new bond, David Stuff, UK Director of Listed Product Sales at RBS said:
"In a low and uncertain savings rate environment, combined with high inflation, it can be a challenge to find an investment with real returns. The UK Inflation Income Bond offers returns designed to meet the needs of private and institutional investors. There are no restrictions on large investment amounts and there are no early redemption charges beyond the bid/offer spread."
Pietro Poletto, Head of Fixed Income at London Stock Exchange Group said:
"RBS is the most frequent issuer on ORB and we are delighted to welcome their sixth retail-sized bond onto the market. There is a growing demand from private investors for new bonds and inflation linked products have proved popular this year.
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Source: London Stock Exchange
EEX: Record Volume on the Natural Gas Spot Market - More than 2.5 TWh of natural gas traded in one month
November 7, 2011--Spot trading in natural gas on the European Energy Exchange (EEX) reached a new record in October. With a volume of 2,531,947 MWh (GASPOOL, NCG and TTF market areas) the highest volume ever recorded since the launch of trading was achieved on the Natural Gas Spot Market (GASPOOL and NCG volume in October 2010: 1,010,135 MWh). At 2,418,071 MWh, the last monthly record on the Spot Market was achieved in June 2010.
At in total 4,194 trading transactions, 19 times the number of trading transactions was concluded in this month compared with October 2010 (222 transactions). In the field of the Within-Day products, 2,357 transactions with a volume of 1,389,244 MWh (113,391 MW) were traded on EEX. In the field of the day products, a volume of 1,142,703 MWh (42,802 MW) was traded in 1,837 transactions.
Source: EEX
EPEX SPOT / EEX Power Derivatives: Power Trading Results in October
November 7, 2011--In October 2011, a total volume of 101.3 TWh was traded on the Power Spot and Derivatives Market operated by EPEX SPOT SE and EEX Power Derivatives respectively (October 2010: 108.3 TWh).
In October 2011, power trading on the day-ahead auctions on EPEX SPOT accounted for a total of 25,627,640 MWh (October 2010: 23,079,399 MWh) and can be broken down as follows:
Credibility of EU energy review questioned
November 6, 2011--The credibility of a European energy review has been cast into doubt by experts who point out that long-term plans to cut carbon emissions are based on an economic model owned by a single Greek university that cannot be independently scrutinised.
Experts have "raised a host of questions" about how the European Commission's use of a non-transparent model could affect the energy review, according to a leaked report by energy specialists chosen by Brussels to advise on the forthcoming "Energy Roadmap to 2050".
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Source: Yahoo
London Stock Exchange Group-Monthly Market Report-October 2011
November 4, 2011-Monthly Market Report – October 2011
London Stock Exchange Group (LSE.L) sits at the heart of the world’s financial community, offering international business unrivalled access to Europe’s capital markets. In October a total of 32.1 million trades were carried out across the Group’s electronic equity order books with a combined value of £181.2 billion (€208.2 billion), up 13 per cent on October 2010 (£160.9 billion).
UK Equities Order Book
During the month, the average daily value traded on the UK order book was £4.4 billion (€5.1 billion), up one per cent year on year; the average daily number of trades was up 31 per cent to 719,889.
The LSE’s share of trading in the total UK order book for October was 59.7 per cent.
Italian Equities Order book
On the Italian order book, the average daily number of trades was 279,196, up 20 per cent on the same month last year, whilst the average daily value traded on the order book decreased one per cent year on year to €2.7 billion (£2.3 billion).
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Source: London Stock Exchange Group
New climate 'roadmap' by 2015: EU climate chief
November 4, 2011-- High-level UN talks starting later this month in South Africa should lay down a new "roadmap" leading to a comprehensive climate deal by 2015, Europe's top climate diplomat has said.
"Between now and 2015, we should agree on the more detailed things in this roadmap, but already we should agree on the principles and the timetable," Connie Hedegaard, the European climate commissioner, told journalists Thursday.
"Obviously, for the EU, we think the sooner the better. We know what should be done. Three years should be enough," she said.
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Source: EUbusiness
Ireland slashes 2012 growth forecast to 1.6%
October 4, 2011--Ireland has slashed its growth forecast for next year to 1.6 percent from 2.5 percent but raised its estimate for 2011, according to a pre-budget statement from the finance ministry on Friday.
The economy "is now projected to grow by 1.6 percent in 2012 and at an average annual rate of 2.8 percent over the following three years.
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Source: EUbusiness
Eight new UBS ETFs launched on Xetra
First ETF on STOXX Global Rare Earth Index
November 8, 2011-- Eight new exchange-traded index funds from the issuer UBS ETF SICAV have been tradable in Deutsche Börse’s XTF segment since Friday.
The UBS ETF on the STOXX Global Rare Earth Index enables investors to invest for the first time in companies which generate at least 30 percent of their revenue through extracting, refining or transporting rare earths. Rare earths include elements such as europium, lanthanum and cerium.
The ETFs on the MSCI Europe Infrastructure and MSCI Japan Infrastructure indices enable investors to track the performance of European or Japanese companies from the infrastructure sector.
Furthermore, UBS's two ETFs on the MSCI EMU Small Cap Index offer investors the option of investing in small caps from the euro zone.
The eight new ETFs are based on four reference indices – two ETFs on each index. These exchange-traded index funds differ according to asset class, with asset class I ETFs primarily aimed at institutional investors.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 886 exchange-listed index funds, while average monthly trading volume stands at €16 billion.
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Source: Deutsche Börse
Malta Stock Exchange Signs Xetra Contract With Deutsche Börse
November 3, 2011--The Malta Stock Exchange is going to use Xetra – Deutsche Börse Group’s fully electronic trading system. Probably from mid 2012, Deutsche Börse will organize trading in equities listed on the Malta Stock Exchange. Both parties signed a minimum 5-year contract on 24 October.
“We are delighted to be providing the Malta Stock Exchange with one of the fastest and most reliable trading systems in the world,” said Frank Gerstenschläger, member of the Deutsche Börse Executive Board and responsible for the Xetra business area. “Trading participants in Malta are now connected to a fully electronic network of 4,500 traders in 18 countries.”
"We are looking forward to becoming a participant exchange on the XETRA platform in mid-2012, which we believe will open up new opportunities for international expansion not only for the exchange itself but also for its members, issuers and investors in line with the MSE's on-going strategy," said Ms Eileen V Muscat, CEO of the MSE.
Cash market trading on the Vienna Stock Exchange has been based on Xetra technology since November 1999. The Irish Stock Exchange has been operated with Xetra since 2000, the Bulgarian since 2008 and the Ljubljana Stock Exchange in Slovenia since 2010. The Eurex subsidiary Eurex Bonds and the European Energy Exchange also use the Xetra trading system. The Shanghai Stock Exchange uses Xetra as the basis for its New Generation Trading System introduced at the start of 2010.
Deutsche Börse Group’s global liquidity provider Clearstream integrated Malta into its settlement network in April as the last country in the euro zone. The settlement link provides international investors with access to Maltese securities.
Source: Deutsche Börse
UK official holdings of international reserves October 2011
November 3, 2011--This monthly press notice shows details of movements in October in the UK’s official holdings of international reserves, which consist of gold, foreign currency assets and International Monetary Fund assets. These reserves are maintained primarily so that the UK Government’s reserves could be used to intervene to support Sterling, or the Bank of England’s reserves could be used to support the Bank’s monetary policy objectives.
If such interventions were to occur, then they would be shown and explained in this release. The Background note at the end of this release explains more about the reserves, and about these statistics.
In summary this month’s release shows that, in October 2011:
No intervention operations were undertaken.
Movements in reserves and levels of reserves were as follows:
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Source: HM Teasury
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