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Deutsche Börse Group Increases Attractiveness of Cash Equities Clearing
Fixed clearing fee for Xetra transactions reduced by more than 50 percent/ High-volume cash market participants additionally benefit from increased rebates
November 16, 2010--Eurex Clearing, Europe’s largest clearing house, announced today that it will introduce a revised clearing price model for cash market transactions effective 1 December 2010. The transaction fees will be noticeably reduced compared to the current price model.
This is the result of a 50% reduction in the fixed clearing fee and an expansion of the discount models for Xetra transactions. On average, Frankfurt Stock Exchange (FWB) participants will benefit from around 11 percent lower total clearing costs based on Q3/2010 volumes. Moreover, clearing fees for transactions on the Irish Stock Exchange will also be reduced by 40 percent.
„With the new pricing model, we are positioning ourselves for further growth in the European cash equity clearing business and are stimulating trading on the cash markets cleared by Eurex Clearing,” said Frank Gerstenschläger, Deutsche Börse AG Executive Board member responsible for the Xetra cash market segment.
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Source: Deutsche Börse Group
London Stock Exchange Group Strengthens Business Development Team
November 15, 2010--London Stock Exchange Group today announced Audrey Faveeuw has been appointed as Business Development Manager in the Exchange’s Business Development Team which covers the Group’s equity and derivatives markets.
Audrey will be responsible for strengthening the Group’s existing client relationships, whilst also growing its business from the electronic liquidity provider community. She will report to Pinar Emirdag, Head of Professional Business Development.
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Source: London Stock Exchange Group
Deutsche Bank unveils emerging markets ETFs in UK
November 15, 2010--
Deutsche Bank has listed four db x-trackers ETFs on the London Stock Exchange (LSE), providing exposure to single countries in the emerging markets.
The latest launch offers funds tracking the MSCI China, MSCI India, MSCI Malaysia and MSCI Thailand total return equity indices.
All four ETFs target companies with a market capitalisation within the top 85% of the domestic market's investable equity universe.
Britain to introduce happiness index: report
"The aim is to produce a fresh set of data ... to be published at a frequency to be decided that assesses the psychological and physical wellbeing of people around the UK," the source told the paper. read more
BlackRock New Report ETF Landscape Spain Industry Review: Q3 2010 In June 2010 the Spanish securities regulatory body, Comisión Nacional del Mercado de Valores (CNMV), authorized both investment funds and open-end investment companies to be listed and/or registered as “ETFs,” giving both vehicles the same regulatory and tax treatment. The CNMV also gave ETFs greater flexibility, allowing them to replicate not only equity or fixed income indices but also any other type of asset or underlying vehicle that the CNMV expressly authorizes, such as commodities or currencies. "Spanish investors are increasingly attuned to the ETF vehicle’s fundamental and highly attractive attributes – including flexibility, diversification, relatively low cost and transparency," said Ms. Fuhr. "Though the market in Spain is still evolving, we anticipate that both understanding and use of ETFs will continue to expand – which will make the Spanish market a dynamic focal point of ETF growth for years
to come." to request report MTS Announces Plans To Launch Pan-European Corporate Bond Market MTS’s proposed market would be open for the listing and trading of Euro-denominated debt instruments and would operate on an electronic order-driven model. It would be managed by the EuroMTS Multilateral Trading Facility (MTF), and use MTS’s high capacity, low latency, Cash Market Facility (CMF) technology. CMF technology also already offers Straight-Through-Processing (STP) to Europe’s major clearing houses and central securities depositories.
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FSA and SEC hold Strategic Dialogue meeting Lord Turner and Chairman Schapiro also restated their agencies’ commitment to working together to improve regulation and oversight of their securities markets, particularly with regard to globally active regulated firms with a presence in both countries. read more
First Strategy ETC from DB ETC Index plc Launched on Xetra
The db Mean Reversion Euro Hedged ETC allows investors to participate for the first time in the performance of a basket of commodities comprising aluminum, gold, heating oil, corn, wheat and WTI crude oil with currency hedging. The weighting of individual commodities is based on the mean reversion principle. Using this approach, commodities that appear inexpensive relative to their mean are overweighted while commodities that appear relatively expensive are underweighted. The weighting of individual commodities in the reference index db Mean Reversion Index is mainly calculated on the basis of their average price over the last 365 days in relation to their five-year mean. The index weighting is adjusted as soon as the 12-month average of a commodity significantly deviates from its five-year mean. Deutsche Börse’s ETC segment product range currently comprises 179 instruments. The monthly trading volume of ETCs on Xetra averages around €550 million. ETF Statistics of October 2010-Borsa Italiana Unscheduled Free Float Adjustment in MDAX
Following the takeover bid, the free float of this share changed by more than 10 percentage points. The adjustment will be effective next Tuesday, 16 November 2010. The next regular review of the Deutsche Börse equity indices is scheduled for 3 December 2010. Please find more information on our indices at www.dax-indices.com.
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Source: ifaonline.uk
November 15, 2010-- Britain will introduce a "happiness index" to gauge its population's psychological and environmental wellbeing, a government source told the Guardian newspaper Monday.
Prime Minister David Cameron will ask the Office of National Statistics to prepare methods which will measure the "general wellbeing" despite reservations about the timing.
Source: AFP
November 15, 2010--As of the end of Q3 2010, there were 10 ETFs with primary listings in Spain with 44 total listings and assets of US $1.5 billion from two providers on two exchanges. There were also 389 ETFs/ETPs registered for sale in Spain.
Spain is a relatively new market for locally listed products as ETFs were only introduced into the country in November 2005. At the same time, the use of ETFs by Spanish investors has been relatively high, the report notes. In 2008 a total of 76 institutional investors in Spain reported using one or more ETFs, ranking fifth out of 42 countries where institutional use of ETFs was examined by the Global ETF Research and Implementation Strategy team.
Source: Global ETF Research & Implementation Strategy Team, BlackRock
November 15, 2010--MTS, Europe’s premier facilitator for the electronic fixed income market, today announces that it plans to launch a Pan-European corporate bond platform for the wholesale market in response to specifications issued by the Cassiopeia Committee.
The Cassiopeia Committee was established in early 2010 to implement recommendations for the introduction of corporate bond platforms in Europe. MTS’s proposal is in response to specifications put forward by the committee on 26 April 2010.
Source: MTS Group
November 15, 2010--Financial Services Authority (FSA) chairman, Lord Turner, today met with US Securities and Exchange Commission (SEC) chairman Mary L Schapiro as part of the SEC-FSA Strategic Dialogue sessions established in 2006.
During the meeting, the agencies shared views regarding the oversight of over-the-counter derivatives trading, high-frequency trading, recent regulatory initiatives regarding credit rating agencies, and cross-border enforcement information-sharing between the FSA and SEC.
Source: FSA.gov.uk
November 15, 2010--The first ETC (exchange traded commodity) based on the mean reversion principle issued by db ETC Index plc has been tradable on Xetra since Monday.
ETC name: db Mean Reversion Euro Hedged ETC
Asset class: Commodities
ISIN: DE000A1E6XY8
Total expense ratio: 0.45 percent
Benchmark: db Mean Reversion EUR Index
Source: Deutsche Börse
November 12, 2010-The ETF Stat October 2010 Report of the Borsa Italiana is now available.
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Source: Borsa Italiana
Adjustment for Deutsche Postbank AG as of 16 November 2010
Deutsche Börse has announced an unscheduled adjustment to the free float of Deutsche Postbank AG in MDAX.
According to the index rules, the free float of Deutsche Postbank AG will be adjusted from the current 30.55 percent to 19.07 percent.
Source: Deutsche Börse
