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Key statistics for August 2011-SIX Swiss Exchange and Scoach Switzerland
New record figures resulting from strong increase in trades and turnover at SIX Swiss Exchange and Scoach Switzerland.
September 8, 2011--In August, SIX Swiss Exchange saw a jump in trading activities. On 9 August 2011, a new daily record was set with roughly 390'000 trades. The number of trades was up in August by 64 % compared with the previous month.
This was driven, in particular, by the equities (incl. funds, ETSFs and ETPs), ETF as well as structured products and warrants segments. With the number of trades reaching 125'862, the ETF segment advanced for the first time into six-digit territory.
Substantial increase in turnover The ETF segment also set a new record in terms of turnover. With a gain of over 88 % as compared to July 2011, turnover climbed to CHF 13'732 million. Turnover in the structured products and warrants segment almost doubled, growing by 93.5 % to CHF 5'813 million. Across all trading segments, there was month-on-month growth of 51.3 % in turnover in August.
Deutsche Börse adds global treasury auction data to machine-readable news feed
“AlphaFlash Global Treasury Feed” makes data available from 12 countries
September 8, 2011--Deutsche Börse has added global treasury auction data to its algorithmic news feed “AlphaFlash”. The global treasury data package provides key treasury auction data from 12 countries directly from the source in a low latency, machine readable format.
The new service is designed for algorithmic traders, asset managers, hedge funds, analysts and professional investors whose trading decisions are based on government bond market activity.
“Especially in today’s financial environment, speedy access to government bond data is essential. Sovereign debt markets have become more and more volatile over recent years, impacting all other asset classes and the world economy. The global treasury feed enables market participants to instantly access treasury auction announcements and execute their automated trades”, said Georg Gross, Head of Front Office Data & Analytics at Deutsche Börse.
EU plans tax on stocks and bonds trading
September 8, 2011--The European Commission is set to propose a tax on trading shares and bonds according to a senior EU official on Thursday, who said it will proceed with its plans in the eurozone if Britain objects.
The proposal for a 0.1 percent tax, which has drawn criticism from the European Central Bank and others who say it may drive trading out of countries where it applies, could prove impractical to introduce though.
But if EU officials strike a formula to impose the charge without scaring off traders, it could be central to the bloc's bid to tax banking following the global financial crisis.
EU market plans may boost Boerse/NYSE merger deal
September 8, 2011--Draft European Union plans for a sweeping overhaul of its market rules could make it easier for Brussels to nod through a megabourse merger while also threatening the deal's viability, trading and exchange industry officials said on Thursday.
The EU is due in October to publish plans to overhaul the bloc's markets in financial instruments directive (MiFID).
Leaks on the proposals in recent days reveal a broad core aim to open up vertically integrated exchanges like Deutsche Boerse (DB1Gn.DE) to competition in clearing, indexes and data selling.
Amundi launches 7 new emerging market ETFs on London Stock Exchange
London Stock Exchange welcomes seven new ETFs from Amundi tracking emerging markets
London Stock Exchange’s position as the leader in emerging market ETFs reinforced
September 8, 2011--The London Stock Exchange this week announced the trading of seven new Amundi emerging market exchange-traded funds.
The new products will provide investors with specific exposure to India, China, Eastern Europe (ex Russia), Brazil, Asia and Latin America, as well as to a broad index ETF tracking the performance of all emerging markets. Also trading from today is an ETF providing exposure to the European Real Estate sector.
The London Stock Exchange now offers 158 emerging market ETFs, compared with 126 on the New York Stock Exchange (NYSE Arca) and 93 on Deutsche Boerse.[1]
Pietro Poletto, Head of ETFs and ETPs at London Stock Exchange Group, said:
“The London Stock Exchange has long been a truly international market place, where investors can find a wide range of products offering opportunities across many sectors and geographies. These new ETF listings will further extend our offering, the largest in the world”.
Valérie Baudson, Managing Director of Amundi ETF comments:
“This latest series enhances our range of equity exposure on the LSE. We offer investors cost effective emerging market exposures, with low tracking error, reflecting the quality of our products. These launches are in line with our development objectives for the UK.”
Amundi has issued 41 ETFs on the London Stock Exchange since May 2011. Amundi is the fifth largest ETF provider on the London Stock Exchange, with £116m traded in their ETFs in July 2011.
China setting up new market obstacles: EU group
September 8, 2011--China is setting up new obstacles for foreign companies wanting to invest in the world's second largest economy, a grouping of European businesses said Thursday.
The claim by the European Union Chamber of Commerce in China's annual report follow repeated calls from Beijing's main Western trading partners to ensure a level playing field for foreign firms.
"Recent measures to further constrict market openness raise questions about stated intentions to create lasting opportunities for all market actors to compete on an equal footing," the EU Chamber of Commerce in China said.
Strains rise in short-term eurozone lending
September 8, 2011--Strains in the eurozone short-term lending markets have jumped sharply this week amid worries that the sovereign debt crisis will deepen, threatening the ability of banks to fund themselves.
The main gauge of tension in the funding markets has risen to levels last seen in April 2009 – and has leapt threefold since July – as banks hoard cash and refuse to lend to each other amid worries loans will not be repaid in a deteriorating financial climate.
STOXX ANNOUNCES NEW COMPOSITION OF SUSTAINABILITY, ESG AND STYLE INDICES
Results of the Review to be Effective on September 19, 2011
September 7, 2011--STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today announced the results of the annual review of the STOXX Sustainability, STOXX Global ESG Leaders, STOXX Strong Style and STOXX Balkan 50 Equal-Weight indices; as well as those of the semi-annual review of the STOXX TMI Growth, STOXX TMI Value and their respective large, mid- and small sub-indices and the respective indices for the euro zone. All changes will be effective on September 19, 2011.
A full list of all companies that will be entering and exiting the STOXX Europe Sustainability, EURO STOXX Sustainability, STOXX Europe Sustainability 40 and EURO STOXX Sustainability 40, STOXX Europe Sustainability ex AGTAF, STOXX Europe Sustainability ex AGTAFA, EURO STOXX Sustainability ex AGTAF and EURO STOXX Sustainability ex AGTAFA indices can be found at http://www.stoxx.com/download/indices/methodology/sustainability_component_changes.xls.
The STOXX Global ESG Leaders Indices are also part of this regular annual index review. A full list of all companies that will be entering and exiting the STOXX Global ESG Leaders, STOXX Global ESG Environmental, STOXX Global ESG Social Leaders and STOXX Global ESG Governance can be found at http://www.stoxx.com/download/indices/methodology/esg_leaders_component_changes.xls.
NYSE Euronext European ETF activity highlights for August 2011
September 7, 2011--Listings
There were no ETF listings on NYSE Euronext's European markets in August.
In total, NYSE Euronext had 670 listings of 572 ETFs from 18 issuers. So far this year, there have been a total of 131 new ETF listings on the NYSE Euronext European cash markets, including 103 new primary listings and 28 cross-listings (compared to 46 new primary listings and no cross-listing in the same period in 2010).
NYSE Euronext ETFs cover more than 360 indices exposed to an extensive range of assets and strategies (Equities, Fixed Income, Commodities, Short, Leverage, etc).
Trading activity
August brought with it a few weeks of extreme volatility. With plenty of uncertainty in the markets, trading activity was record-breaking:
An average of 14,658 on-book trades were executed daily in August, up 90.7% on August 2010 and +10.6% year-to-date vs last year. In total, there was an all-time record of 337,862 on-book ETF trades, eclipsing the previous record of 295,888 trades set in May of 2010.
The average daily value traded on-book in August was €618.2 million, +108.0% vs August 2010 and +17.3% year-to-date vs last year. The total traded on-book value amounted to €14.2 billion, making it the second-best month ever, just over €500 million shy of the all-time record of €14.8 billion set in January of 2008.
In response to market demand, an enhanced version of the block-trade or off-book trading functionality was also launched, featuring extended trading hours, standard clearing & settlement and reduced trading fees.
In a bid to increase post-trade transparency in the ETF space, the improved block-trade functionality also includes volume aggregation of on- and off-book trades. The latter, which are considered to be regulated market trades, are aggregated with the official order book volumes and made available by data vendors under the main, official ETF ticker.
The use of this functionality was overwhelming in August: a total of €1.9 billion was exchanged in block trades, up 201.3% from July 2011 and up from €42.0 million in August 2010. Overall, block trade volume represented 11.8% of total regulated market ETF trading on NYSE Euronext.
More information about the enchanced block-trade or off-book trading functionality is available here.
Focus on Indices
In an uncharacteristically volatile month, many benchmark indices receded considerably and double-digit loss figures were the norm rather than the exception for the majority of European blue-chip indices.
The NYSE Euronext Iberian Index (NEIBI) however, continued its relatively strong performance from July into August, losing 8.2% last month. Measured at end August 2011, the NYSE Euronext Iberian Index, which is replicated by the ESAF NYSE Euronext Iberian ETF (trading symbol IBER), is the best performing NYSE Euronext European blue chip index in 2011, with an overall YTD performance of -8.8%.
The August edition of the monthly NYSE Euronext Index Performance Highlights provides more background and contains a full report with details for all NYSE Euronext indices. For the most recent NYSE Euronext index news, subscribe to the Monthly Index Reports by emailing your request and contact details to indexlicence@nyx.com.
Assets Under Management (AUM)
At the end of August 2011, the combined AUM of all ETFs listed on the NYSE Euronext European markets totalled €126.1billion, an increase of 6.8% from the €118.1 billion at the end of August 2010.
Market Quality
This month, NYSE Euronext welcomed Goldenberg Hehmeyer LLP has a new Liquidity Provider. Goldenberg now officially provides liquidity on 49 NYSE Euronext listed ETFs from five different issuers.
Our high-capacity, low-latency technology, combined with the flow from client orders, competitive market makers and our 23 first-class Liquidity Providers, contributed to a median spread for all listed ETFs of 28.5 bps.
HSBC has launched an Emerging Markets exchange-traded fund (ETF) onto the London Stock Exchange.
September 7, 2011-- The Irish-domiciled HSBC MSCI Emerging Markets ETF will replicate the performanceof the MSCI Emerging Markets index (net total return).
The index tracks the performance of the lartest companies in a range of emerging economies, including Brazil, Russia, China and India.
The ETF will use physical replication of the index and has a total expense ratio of 0.6%
