Europe ETP News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results


Average daily volume of 10 million contracts at Eurex Group in July

July volumes grew at Eurex Exchange and ISE/ Eurex Exchange: KOSPI Product with new peak in volumes
August 1, 2011-- In July 2011, the international derivatives exchanges of Eurex Group recorded an average daily volume of 10 million contracts (July 2010: 8.1 million) – an increase by 24 percent. Of those, 7.2 million were Eurex Exchange contracts (July 2010: 5.6 million), and 2.9 million contracts (July 2010: 2.5 million) were traded at the U.S.-based International Securities Exchange (ISE). In total, 151.9 million contracts were traded at Eurex Exchange (an increase of 23 percent) and 57.3 million at ISE (an increase of 8.3 percent).

At Eurex Exchange, the equity index derivatives segment grew by 28.5 percent and totaled 72.5 million contracts (July 2010: 56.4 million). The single largest contract was the future on the EURO STOXX 50 Index with 31.3 million contracts. The option on this blue chip index totaled 29.3 million contracts. Futures on the DAX index recorded 3.0 million contracts while the DAX options reached another 4.2 million contracts. The Eurex KOSPI Product achieved a new monthly record with more than 1.7 million contracts, an ADV of more than 81,000 contracts. On 12 July, a new daily peak was recorded with 170,456 contracts.

The equity derivatives (equity options and single stock futures) segment at Eurex Exchange reached 24 million contracts (July 2010: 30.1 million). Thereof, equity options totaled 18.8 million contracts and single stock futures equaled 5.1 million contracts. Equity derivatives volume y-o-y is influenced by the change of contract specifications: in Q1 2011, Eurex Exchange increased the contract size of most equity options and single stock futures to match international standards, with the effect of potentially lower turnover in these products. The adjusted figure of monthly volume in the equity derivatives segment in July would have been approximately 27 million contracts based on an extrapolation.

read more

Source: Eurex


Turnover on Xetra grows by 27 percent in July

August 1, 2011--Order book turnover on Xetra and the Xetra Frankfurt specialist trading stood at €118.8 billion in July – an increase by 25 percent year-on-year (July 2010: €94.9 billion). Of the €118.8 billion, €113.3 billion were attributable to Xetra (+27 percent y-o-y, July 2010: €89.3 billion). €5.5 billion were attributable to the Xetra Frankfurt specialist trading, a slight decrease of 3 percent y-o-y (July 2010: €5.7 billion). Order book turnover on Tradegate Exchange totaled €2.6 billion in July, more than doubling y-o-y (+110 percent, July 2010: €1.3 billion).

In equities, turnover reached €96.0 billion on Deutsche Börse’s cash markets (Xetra: €93.7 billion, Xetra Frankfurt specialist trading: €2.3 billion). Turnover in bonds was €1.7 billion, and in structured products €2.2 billion (including Scoach). Order book turnover in mutual funds and exchange-traded funds (ETFs) amounted to €18.9 billion.

A total of 18.3 million transactions were executed on Xetra in July, an increase of 25 percent y-o-y (July 2010: 14.6 million).

The DAX security with the highest turnover in July was Deutsche Bank AG at €6.3 billion. Continental AG led the MDAX equities at €926 million, while Deutz AG topped the SDAX equity index with €65.8 million, and Aixtron SE headed TecDAX with €648.4 million. The ETF with the highest turnover on Xetra was iShares DAX with €5.5 billion.

Further details are available online in Deutsche Börse’s cash market statistics at www.deutsche-boerse.com. For a pan-European comparison of trading locations, see the statistics provided by the Federation of European Securities Exchanges (FESE) at www.fese.be.

Source: Deutsche Börse


ESMA Publishes The Responses Received To The Consulation On The Technical Advice On Possible Delegated Acts Concerning The Prospectus Directive

July 29, 2011--To see the responses,

please click here.view responses

Source: ESMA


Spain: Selected Issues

July 29, 2011--I. HOW MUCH HAS SPAIN’S PRIVATE SECTOR REBALANCED?
EXITING FROM A CREDIT AND HOUSING BOOM1
Rebalancing is underway, with flows adjusting significantly, but with more modest progress on reducing stocks. The weight of construction and real estate in GDP, employment, and new lending has largely adjusted from previous excessive levels, but will likely remain weak as overhangs (including of housing prices and unsold units) persist. Private sector debt levels have stabilized at high levels – how much they have to fall is unclear, but it could be significant and long lasting.

1. The Spanish economy has built several imbalances that markets have identified as potential vulnerabilities (fiscal deficits/debt, external deficit/debt, high household and corporate debt/ borrowing, the oversize construction sector, low private savings). These are being unwound. Until they have fully done so, the economy will face headwinds. But what exactly were the imbalances, how much have they unwound, how much further have they to go, and how much longer will this take?

2. Rebalancing is a concept in search of a theory. There is limited literature on rebalancing per se. There is an ongoing discussion on rebalancing at the global level, for example within the G20, but the country level discussion of rebalancing is incipient. 2 Still, if rebalancing is sometimes hard to define (what does it cover? what is the balance we are looking for? have economies ever been balanced?), imbalances are slightly easier to identify.

view the Spain: Selected Issues paper

Source: IMF


Moody's Sees Contagion Risks, Puts Spain Under Review

July 29, 2011-- Rise in funding costs remains central concern
Regional deficit risk is a big factor
Greek bailout package seen as ratings negative for Spain, others
Moody's Investors Service Friday put Spain's Aa2 ratings on review for possible downgrade, saying the euro zone's fourth-largest economy faces rising contagion risks as the area's debt crisis may keep funding costs on the upswing.

The warning hit Spanish debt. In early trade Friday, the yield on Spain's 10-year government bond was up 1.7 percentage points to 6.136%. The spread between this Spanish bond and similar German debt widened to 354.2 basis points.

In comments that underline concerns over the impact of last week's deal for a second Greek bailout package on other troubled European economies, Moody's said the arrangement--which includes provisions for private-sector debt holders to swap Greek bonds for others with longer maturities--may fail to remove pressure on Spanish ratings. Moody's added the Greek agreement has mostly negative implications for sovereign debt in the euro zone as a whole.

read more

Source: Wall Street Journal


Flash estimate - July 2011 Euro area inflation estimated at 2.5%

July 29, 2011--Euro area1 annual inflation2 is expected to be 2.5% in July 2011 according to a flash estimate issued by Eurostat, the statistical office of the European Union. It was 2.7% in June3.

Computation of flash estimates

Euro area inflation is measured by the Monetary Union Index of Consumer Prices (MUICP). To compute the MUICP flash estimates, Eurostat uses early price information relating to the reference month from Member States for which data are available4 as well as early information about energy prices.

The flash estimation procedure for the MUICP combines historical information with partial information on price developments in the most recent months to give a total index for the euro area. No detailed breakdown is available. Experience has shown the procedure to be reliable (19 times exactly anticipating the inflation rate and 5 times differing by 0.1 over the last two years). Further information can be found in Eurostat News Release 113/2001 of 5 November 2001.

view more

Source: Eurostat


STOXX Limited launches Global Rare Earth Index

July 28, 2011--STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today introduced the STOXX Global Rare Earth Index, which consists of companies that generate at least 30% of their revenues in the rare earth sector globally.

The importance of what is known as “rare earth” metals is growing as these elements are used in a multitude of high-tech products such as mobile telephones, hard drives, lasers and electric car batteries.

The STOXX Rare Earth Index is designed to underlie exchange-traded funds and other investable products, as well as to be used to assess the performance of global equity portfolios.

“The demand for rare earth metals is increasing exponentially as they are used in a wide range of modern technology, from iPods to hybrid cars, wind turbines and batteries,” said Hartmut Graf, chief executive officer, STOXX Limited. “With the launch of the STOXX Global Rare Earth Index, we offer market participants an innovative, transparent and completely rules-based tool to participate in the performance of companies that are involved in this rapidly growing sector.”

Rare earth metals are part of a group of 17 chemically similar elements found in the earth’s crust. Despite their name, rare earth metals are more abundant than gold, platinum or lead. The term “rare” is derived from the fact that these elements are rarely found in high concentration in a single reserve and are primarily mined in China at present. The metals are found almost exclusively in connection with other minerals or metals, as they are often extracted as a by-product in the mining of other raw materials.

All companies that generate at least 30% of their revenues in the rare earth sector globally, or are estimated to do so based on their current operating activities, and have an average daily value traded (ADVT) of at least 1 million US dollars are eligible for inclusion in the index. The rare earth sector covers companies with operations involving exploration, extraction, transport, processing or any other business involving any of the following 17 rare earth elements: Scandium, Yttrium, Lanthanum, Lutetium, Ytterbium, Thulium, Erbium, Holmium, Dysprosium, Terbium, Gadolinium, Europium, Samarium, Promethium, Neodymium, Praseodymium, and Cerium.

The STOXX Global Rare Earth Index is weighted by free-float adjusted market capitalization. The index currently consists of 14 components. It is rebalanced quarterly, and component review takes place semi-annually in March and September. The new index is available in price, gross and net return versions in euro and U.S. dollar. Daily history is available back to June 19, 2009.

For further information on the STOXX Global Rare Earth Index, please visit www.stoxx.com.

Source: STOXX


HSBC adds trio of physical ETFs to GEMs range

July 28, 2011--HSBC is launching three emerging market exchange traded funds, focusing on Hong Kong, global emerging Europe and global emerging markets.
HSBC head of ETFs Farley Thomas says the Hong Kong ETF will be based on the Hang Seng index.

He says all three will be physical ETFs rather than swap-based. Thomas says: “There will be regulatory action at some point on swap-based ETFs. You can track most markets physically and trading in this simple way has real value.

“HSBC has a good insight into how emerging markets work and investors expect us to have a good line-up.”

HSBC is also considering launching an India ETF but Thomas says it is more complicated to create a physical ETF for the country as it is problematic because of tax issues.

read more

Source: Money Marketing


Growth Review -UK Economy

July 28, 2011--The Government’s economic policy objective is to achieve strong, sustainable and balanced growth that is more evenly shared across the country and between industries. In November 2010 the Growth Review was launched by the Chancellor and Business Secretary. As part of this, the Chancellor and Business Secretary are undertaking a thorough assessment of policy that is holding back growth of investment and hiring by business – both by looking at cross-economy issues and through considering the challenges faced by particular sectors.

It is a rolling programme, to last the whole of the Parliament, and it calls on business and industry to challenge government departments on the measures they are taking to allow the private sector to flourish.

Phase one
The first phase of the Growth Review reported alongside the Budget in the Plan for Growth. Departments will be accountable for implementation of more than 100 actions across 15 themes, and progress will be published in monthly progress updates of their Business Plans, available from http://transparency.number10.gov.uk/transparency/srp/ .

read more

view the The Plan for Growth

Source: HM Treasury


Deutsche Börse AG achieves earnings growth in Q2/2011

EBIT improves 7 percent to €276.5 million Costs down 19 percent year-on-year, at €289.2 million Sales revenue of €528.6 million Earnings per share up 11 percent to €0.96
July 28, 2011--: On Thursday, Deutsche Börse AG published its figures for the second quarter of 2011. Compared to the same period in the previous year earnings before interest and tax (EBIT) rose by 7 percent to €276.5 million. The Group’s total costs decreased to €289.2 million, 19 percent below the costs in the previous year.

Sales revenue amounted to €528.6 million, 6 percent lower than in the second quarter last year, when trading volumes were particularly high due to market volatility. Earnings per share climbed 11 percent to €0.96 compared to the previous year.

Sales revenue for the first half of the year rose slightly compared with the prior year, from €1,083.6 million in H1/2010 to €1,087.2 million in the first six months of 2011. Total costs in the first half of 2011 amounted to €560.5 million, a year-on-year decline of 14 percent. As a result, EBIT improved by 18 percent to €592.8 million and earnings per share rose by 23 percent to €2.10.

Gregor Pottmeyer, Deutsche Börse AG’s CFO and Executive Board member for Human Resources: “We maintained our rigorous cost discipline in the second quarter of 2011, enabling us to further optimize costs for the half-year period. Coupled with a slight rise in sales revenue, this increased earnings significantly in the first half of 2011.”

read more

Source: Deutsche Börse


If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.

Americas


July 03, 2025 ARK ETF Trust files with the SEC-4 ARK Q Defined Innovation ETFs
July 03, 2025 Tidal Trust II files with the SEC-YieldMax(R) SCHD DoubleDiv(TM) ETF
July 03, 2025 iShares Trust files with the SEC-iShares Large Cap 10% Target Buffer Mar ETF
July 03, 2025 iShares Trust files with the SEC-iShares Large Cap 10% Target Buffer Jun ETF
July 03, 2025 iShares Trust files with the SEC-iShares Large Cap 10% Target Buffer Sep ETF

read more news


Asia ETF News


July 02, 2025 Fujitsu to develop ETF trading platform based on TSE's CONNEQTOR and provide it to Australian Securities Exchange
June 25, 2025 QFIIs Gain Access to Onshore ETF Options As A-share Market Opening Deepens
June 18, 2025 Mirae Asset Global Investments Launches MIRAE ASSET TIGER CHINA GLOBAL LEADERS TOP3 PLUS ETF, Tracking Solactive-KEDI China Global Leaders TOP3Plus Index
June 13, 2025 Post-Adjustment ChiNext Index Attracts Global Assets with Low Valuation and High Growth Potential
June 13, 2025 Unlocking Consumption to Sustain Growth in China -World Bank Economic Update

read more news


Global ETP News


July 03, 2025 Flow Traders-Tokenization in Capital Markets: A Market Maker's Perspective
June 14, 2025 Global Economic Prospects-Global Economy Faces Trade-Related Headwinds
June 12, 2025 Disclosing Public Debt Boosts Investor Confidence, Cuts Borrowing Costs 
June 10, 2025 Global Economy Set for Weakest Run Since 2008 Outside of Recessions

read more news


Middle East ETP News


June 19, 2025 GCC: Growth on the Rise, but Smart Spending Will Shape a Thriving Future
June 16, 2025 Saudi Exchange leads market losses across the GCC

read more news


Africa ETF News


June 24, 2025 East Africa's regional 20 share index
June 16, 2025 African Credit Rating Agency to Launch September 2025
May 27, 2025 African Economic Outlook 2025-Africa's short-term outlook resilient despite global economic and political headwinds

read more news


ESG and Of Interest News


June 18, 2025 Global Energy Transition Gains Ground, but Security and Capital Challenges Persist
June 17, 2025 Pacific Economic Update: Slowing Growth Highlights Need for More Inclusive Workforce
June 10, 2025 Global Carbon Pricing Mobilizes Over $100 Billion for Public Budgets
June 07, 2025 Accelerating Blue Finance: Instruments, Case Studies, and Pathways to Scale
June 03, 2025 The Longevity Dividend

read more news


White Papers


May 30, 2025 IMF Working Paper-Interest Rate Sensitivity Scenarios to Guide Monetary Policy

view more white papers