Europe ETP News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results
FSA CP10/22: Quarterly consultation No.26
October 6, 2010--The FSA's Consultation paper CP10/22 is entitled 'Quarterly consultation (No. 26)'. It was published in October 2010. Comments on Chapters 2, 3, 7, 8 and 10 of this CP should reach us by 6 November 2010. Comments on all other Chapters should reach us by 6 December 2010.
view Financial Services Authority Quarterly consultation (No. 26)
Source: FSA.gov.uk
EPEX Spot / EEX Power Derivatives: Power Trading Results in September
October 6, 2010--In September 2010, a total volume of 118.6 TWh was
traded on the Power Spot and Derivatives Market operated by EPEX Spot SE and EEX Power Derivatives (same month of the previous year: 114.0 TWh).
Power trading on the day-ahead auctions on EPEX Spot accounted for a total of
22,100,813 MWh (September 2009: 15,400,783 MWh) and can be broken down as follows:
read more
Source: EEX
CESR: Languages Accepted For The Purpose Of The Scrutiny Of The Prospectus And Requirements Of Translation Of The Summary - October 2010 (Ref: CESR/10-1113)
October 6, 2010--INTRODUCTION
In order to ease the functioning of the passport of prospectuses and to provide clarity for market
participants in relation to the use of languages in the different competent authorities, CESR has
compiled the relevant information in each Member State in alphabetical order.
view document
Source: CESR
EEX trading results for Natural Gas and CO2 Emission Rights in September
October 6, 2010--In September, the trading volume on the EEX Spot Market
for Natural Gas amounted to 1,437,494 MWh (GASPOOL and NCG market areas)
compared to 114,432 MWh in September 2009. The volume included 491,150 MWh
traded in the Within-Day Gas product which was launched on 1 March 2010.
The Spot Market price for the day-ahead delivery of Natural Gas ranged between EUR 18.30 per MWh and EUR 23.40 per MWh.
The volumes on the Derivatives Market for Natural Gas (GASPOOL and NCG market areas) amounted to 467,550 MWh (September 2009: 724,890 MWh). On 30 September 2010, the open interest was 19,224,103 MWh. On 30 September 2010 Natural Gas prices for delivery in 2011 were fixed at EUR 20.37 per MWh (GASPOOL) and EUR 20.35 per MWh (NCG), respectively.
read more
Source: EEX
Moody’s increases Turkey’s rating outlook to positive
October 6, 2010--International credit rating agency Moody's Investors Service has increased the outlook of Turkey's Ba2 local and foreign currency bond rating to positive from stable.
The company cited improvements in Turkey's economy and debt management as the reasons behind its move. “Turkey's economy has proven to be unexpectedly robust and has recovered to pre-crisis levels,” said Sarah Carlson, Moody's vice president-senior analyst and lead sovereign analyst for Turkey, in an e-mailed report on Tuesday, underlining that the country's budget deficit and debt stock have improved beyond targets in the government's medium-term economic program.
read more
Source: Todays Zaman
Bond Trading to Restart on Xetra
October 6, 2010--As of Monday, 11 October, around 700 corporate bonds will again be tradable via the fully electronic trading system Xetra. Due to an interim injunction issued by the Frankfurt Regional Court on 5 January, the securities had to be suspended from Xetra trading. Following the court hearing on 5 October, the Higher Regional Court of Frankfurt lifted the interim injunction issued by the Frankfurt Regional Court.
Deutsche Börse introduced the specialist model trading around 700 bonds on Xetra on 1 December 2009. This trading model combines the advantages of fully electronic trading with the advantages of specialist support. Two trading participants who had not qualified for the function of Xetra specialist in the performance-related selection procedure, obtained an interim injunction against bond trading on Xetra from the Frankfurt Regional Court at the end of 2009. Deutsche Börse's position was not heard at that time.
The aim of the selection process, which was made on the basis of set criteria, was to offer investors high price quality, low costs and a high execution quality of their orders. With its fully electronic trading platform Xetra, Deutsche Börse aims to offer investors from across Europe best prices and comprehensive service while further developing its competitive position. Around 250 banks and brokerage firms from 19 countries are connected to Xetra.
Source: Deutsche Börse
EU, China confess to differences
October 6, 2010--China and the European Union admitted Wednesday to a gamut of divisive issues in efforts to seal an entente on economic and foreign policy matters
Opening a one-day China-European Union summit, both Chinese Premier Wen Jiabao and EU president Herman Van Rompuy admitted to differences of view after Wen told European leaders to back off from demands that Beijing increase the value of the yuan.
"I say to Europe's leaders -- don't join the chorus pressing (China) to revalue the yuan," Wen told a Europe-China business forum shortly before meeting with EU bosses.
read more
Source: EUbusiness
EU eyes Asia trade pacts after landmark Sth Korea deal
October 6, 2010--The European Union sealed a free trade deal with South Korea on Wednesday, hailing it as a landmark agreement that will kickstart a wave of pacts between the 27-nation bloc and Asian nations.
The pact was signed at a summit with South Korean President Lee Myung-Bak in Brussels during which both sides upgraded their ties to the level of strategic partnership.
"This agreement is by far the most important trade deal ever concluded be the European Union with one country and the first free trade deal with an Asian country," said European Commission chief Jose Manuel Barroso.
read more
Source: EUbusiness
Britain to introduce EU 'sovereignty clause'
October 6, 2010--Britain's government said Wednesday it will pass a new law to protect the sovereignty of the country's parliament over the European Union before the end of the year.
Foreign Secretary William Hague said the move would "reaffirm once and for all the sovereignty of our ancient parliament" in a speech to the Conservative party conference in Birmingham, central England.
Ministers also intend to legislate so that a referendum must be held before any further powers can be transferred from Britain to the EU.
read more
Source: EUbusiness
Amundi ETF announces the listing of two new ETFs on NYSE Euronext Paris
October 5, 2010--Amundi ETF is pursuing its development by listing two new ETFs on NYSE Euronext Paris.
This new listing comprises two ETFs with the lowest TER (Total Expense Ratio) on the market:*
An ETF providing investors with exposure to around 20 stocks in the European energy sector through a single transaction. This product replicates the MSCI Europe Energy® index as closely as possible whether the trend is rising or falling.
The Amundi ETF product range now provides investors with exposure to the main MSCI sectors in Europe.
An ETF replicating as closely as possible the EuroMTS AAA Government® index whether the trend is rising or falling. Revised on a monthly basis, this index is composed of debt securities issued by the euro zone member states with at least three ratings equivalent to “AAA” (or an equivalent rating to S&P, Moody's and Fitch).
Following the recent launch of an ETF tracking the ex AAA GOVT BOND EuroMTS® index, this product completes the Amundi ETF fixed income product range. Investors now have access to simple tools for their strategic asset allocation whatever their views on the outlook for euro zone bond markets.
Valérie Baudson, Managing Director of Amundi ETF comments: “We remain determined to continue developing our product range at competitive prices. This launch coincides with Amundi ETF reaching the €5 billion mark in AUM, demonstrating the growing confidence of investors in our business model.”
Thierry Ancona, Head of Client Global Coverage, Executive Vice President, CA Cheuvreux, adds: “The launch of these two new ETFs confirms the ambition of the Crédit Agricole group to increase its presence in an ETF market experiencing strong growth. The position of CA Cheuvreux on NYSE Euronext in Paris alongside international institutional investors is an additional asset that contributes to our strategy.”
Source: Amundi
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.
