London Stock Exchange Group Monthly Market Report - February 2011
March 3, 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 February a total of 25.4 million trades were carried out across the Group’s electronic equity order books with a combined value of £191.3 billion (€226.1 billion), up eight per cent on February 2010 (£177.8 billion).
UK Equities Order Book
During the month, the average daily number of trades increased five per cent year on year to 635,187; the average daily value traded on the UK order book was £5.0 billion (€5.9 billion), down two per cent.
The LSE’s share of total UK order book trading for February was 65.2 per cent.
Italian Equities Order book
On the Italian order book, the average daily number of trades was 306,219, up eight per cent on the same month last year; the average daily value traded on the order book increased 15 per cent year on year to €3.7 billion (£3.1 billion).
Borsa Italiana’s share of total Italian order book trading for February was 83.3 per cent.
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Source: London Stock Exchange Group
ETF Securities Lists Two New Infrastructure ETFs
First ETF in the world to track Dow Jones Brookfield Emerging Markets Infrastructure Index
First ETF in Europe to track Dow Jones Brookfield Global Infrastructure Index
Both funds aim to provide pure-play infrastructure exposure across a broad range of sectors, enabling investors to benefit from the expected long-term global growth in this space.
March 2, 2011--ETF Securities (ETFS) has today listed the ETFX Dow Jones Brookfield Global Infrastructure Fund and ETFX Dow Jones Brookfield Emerging Markets Infrastructure Fund on the London Stock Exchange (LSE).
Both funds, which are part of ETF Securities' equity ETF platform ETF Exchange (ETFX), are designed to track specialist infrastructure indices created by Dow Jones Indexes and Brookfield Asset Management, a global asset manager focused on property, power and infrastructure assets.
Constituents in the Dow Jones Brookfield Global Infrastructure Index and the Dow Jones Brookfield Emerging Markets Infrastructure Index are required to derive a significant amount of cash flow from infrastructure lines of business and aim to provide exposure to all sectors of the infrastructure market, from oil & gas storage and transportation to toll roads and ports. The indices are believed to offer broader exposure to pure-play infrastructure than many other listed infrastructure products currently available to investors in Europe.
The ETFX Dow Jones Brookfield Global Infrastructure Fund currently provides exposure to 90 securities across 20 countries with a focus on developed markets. The ETFX Dow Jones Brookfield Emerging Markets Infrastructure Fund focuses on developing economies and currently provides exposure to 71 securities across 16 countries.
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Source: ETF Securities
ETF Landscape: European STOXX 600 Sector ETF Net Flows for Week Ending 25-Feb-2011
March 2, 2011--For the week ending 25 February 2011, there were US$201.3 Mn net outflows from STOXX Europe 600 sector ETFs. The largest sector ETF net outflows last week were in basic resources with US$95.7 Mn followed by financial services with US$74.5 Mn net outflows while oil and gas experienced net inflows of US$117.0 Mn.
Year to date, STOXX Europe 600 sector ETFs have seen US$1,476.5 Mn net inflows. Banks has seen the largest net inflows with US$580.2 Mn, followed by oil and gas with US$338.5 Mn net inflows while chemicals experienced the largest net outflows with US$100.6 Mn.
As of 25 February 2011, there is US$11.7 Bn AUM invested in the STOXX sector ETFs which is almost double the US$6.6 Bn open interest in the sector futures. The ETF AUM is greater than the open interest in the corresponding futures contract in 18 out of 19 sectors.
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Source: Global ETF Research & Implementation Strategy Team, BlackRock
Trading volume on the Spanish Exchange reached €66.44 bn in February on 3.8 million trades, up 14.2% on the year
Monthly Trading Statements for the BME Markets
March 2, 2011--The number of trades to February totalled 8.4 million, up 32.5% year on year
In February trading in Futures on Stocks on BME’s Derivatives market increased by 69%
Trading on the Corporate Debt market reached a monthly record high in February, at near €650 bn
Equities
The Equity trading volume on the Spanish stock exchange in the first two months amounted to €165.22 bn, which represents a 1% increase from the same period in 2010. The trading volume in February came in at €66.44 bn, down 13% from the same period a year earlier.
The number of share trades to February totalled 8.4 million, up 32.5% from the same month in 2010. The number of trades in February reached 3.8 million, up 14.2% from the same period in 2009
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Source: BME
IMKB tumbles to six-month low amid antitrust probe
March 2, 2011--The Istanbul Stock Exchange (IMKB) fell sharply on Tuesday, dropping by 4.20 percent to a six-month low due to concerns over an antitrust probe in which the Turkish Competition Authority (RK) heard verbal defenses delivered by the top executives of eight Turkish banks on charges of violating competition law.
The allegation leveled by the RK's investigating committee was that Akbank, Garanti Bank, ?? Bankas?, Yap? Kredi Bankas?, Vak?fbank, Finansbank, Koçbank, which is currently part of Yap? Kredi, Pamukbank, which was transferred to Halkbank in 2004 by the state-run Savings Deposit Insurance Fund (TMSF), and Denizbank agreed on promotions to attract individual wage deposits, violating Competition Law No. 4054.
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Source: Todays Zaman
UK Official holdings of international reserves, February 2011
March 2, 2011--This monthly press notice shows details of movements in February 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 February 2011:
No intervention operations were undertaken.
Movements in reserves and levels of reserves were as follows:
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Source: HM Treasury
Brussels casts shadow over bourse plan
March 2, 2011--For the past three weeks speculation has swirled around Deutsche Börse and NYSE Euronext over who – if anyone – might try and break up their plan to create the world’s largest exchange.
The German and US exchange groups, operators respectively of the Frankfurt and New York Stock Exchanges, have agreed a $25bn all-share deal that would create a behemoth with four times the revenues of the London Stock Exchange or Nasdaq OMX.
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Source: FT.com
STOXX announces new composition of Eastern Europe 50 Index
Results of the review to be effective on March 21, 2011
March 2, 2011--STOXX Limited, the market-moving provider of innovative, substantial and global index concepts, today announced the results of the first of the two regular semi-annual reviews of the STOXX Eastern Europe 50 Index.
Effective as of the open of European markets on March 21, 2011, the following companies will be added to and deleted from the STOXX Eastern Europe 50 Index read more
Source: STOXX
Boerse Stuttgart turnover exceeds EUR 10 billion in February
Positive start to the year continues / high trading volumes in all asset classes
March 2, 2011--According to its order book statistics, Boerse Stuttgart’s turnover in February 2011 was more than EUR 10.3 billion. This means trading volumes were at about the same level as in January, and more than 40 percent higher than in February 2010.
Securitised derivatives accounted for the larger part of the trading volume. The turnover in this asset class rose slightly during the past month, to almost EUR 5.2 billion in total. This represents a year-on-year increase of more than 34 percent. Leverage products grew by around 25 percent to nearly EUR 2.5 billion. Investment products accounted for almost EUR 2.7 billion. In this asset class, investors tended to favour mainly bonus and discount certificates.
Boerse Stuttgart’s turnover in debt instruments continued high, at more than EUR 3.1 billion. This represented an increase of around 45 percent year-on-year. More than a third of the turnover in debt instruments was generated in corporate bonds, where trading volumes amounted to more than EUR 1.2 billion in February. The turnover in corporate bonds was almost 10 percent higher than in the previous month.
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Source: Boerse Stuttgart
Boerse Stuttgart aims for strategic growth in Germany and abroad
Germany’s Minister of Finance, Dr Wolfgang Schäuble, congratulates the Stock Exchange and in his speech he underlines the importance of Europe’s single currency
March 1, 2011--Boerse Stuttgart marked its 150th anniversary on this date with a celebration at the Liederhalle Culture and Convention Centre in Stuttgart.
Addressing the around 500 guests in his opening speech, Christoph Lammersdorf, CEO of Boerse Stuttgart Holding GmbH, laid out Boerse Stuttgart’s strategic ambitions: to build further on its existing position as Germany’s biggest exchange for retail investors and as Europe’s leading specialist stock exchange for securitised derivatives.
The event was attended by prominent figures from business and politics, and the list of speakers included Wolfgang Schäuble, the Federal Minister of Finance, and Ernst Pfister, Minister of Economic Affairs of the Federal State of Baden-Württemberg.
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Source: Boerse Stuttgart
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