Europe ETP News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results
A new regime for the reporting of net short positions in equities to the AMF and the market
November 16, 2010--Amendments to Book II (Issuers and Financial Disclosure) of the AMF General Regulation were approved by the order of 28 October 2010, published in the Journal Officiel dated 6 November 2010.
To fulfil its commitment to promptly implement the recommendations announced by CESR in May 2010, the AMF amended its General Regulation to introduce a comprehensive transparency regime for net short positions in equities traded on a French regulated market (Euronext) or organised multilateral trading
facility (Alternext).
A new article, 223-37, was introduced for this purpose. It has been supplemented by Implementing Instruction 2010-08, published today.
This amendment will take effect on 1 February 2011. The measures taken by the AMF on 19 September 2008 to prohibit short selling of specified financial stocks will no longer apply as from that date.
The new system heralds the forthcoming transparency regime to be implemented in 2012 through the European regulation on short selling.
view Implementing Instruction 2010-08
Source: AMF (Autorité des marchés financiers)
Deutsche Börse IPO Indicator for the 4th Quarter
November 16, 2010-- Deutsche Börse published the IPO indicator for the 4th quarter of 2010 on Tuesday. At 33.48 points, it remains practically unchanged from the previous two quarters and indicates a more positive scenario for new issues.
Slightly optimistic market participants and rising equity prices continue to be factors that could drive the primary market to recover. However these are offset by impeding factors such as constant volatility and pessimistic issuers.
The IPO indicator, which is published four times a year, is an important measuring instrument for companies seeking capital that aim to go public and that are looking for the right moment to enter the capital market. The indicator is compiled from surveys of market participants and calculations by the Technical University in Munich using Deutsche Börse trading data.
The detailed report and further information can be found via the following link:
http://www.boerse-frankfurt.de/EN/index.aspx?pageID=176
Source: Deutsche Börse
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.
read more
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.
read more
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.
read more
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. If you are looking for a particuliar article and can not find it, please feel free to contact us
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
