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


NASDAQ OMX Introduces Nordic Last Sale for Professional Investors

New Market Data Product Responds to Professional Users' Demand for More Transparency, Unbundled Pricing, and a New, Lower Price
July 12, 2010--The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), the world's largest exchange company, today announced the introduction of a new product -- NASDAQ OMX Nordic Last Sale for Professional Users.
NASDAQ OMX Nordic Last Sale for Professional Users carries real-time trade data for all executions on the NASDAQ OMX book as well as over-the-counter (OTC) trades reported to the NASDAQ OMX Trade Reporting Facility in Stockholm.

Prior to this development, NASDAQ OMX Last Sale in the Nordics had so far only been priced for non-professional users. The non-professional product will continue unchanged.

NASDAQ OMX Nordic Last Sale for Professional Users, available as of September 1, will help foster post-trade transparency. Additionally, it will improve the quality of post-trade OTC data, due to an innovative price validation mechanism. NASDAQ OMX's unique price validation is expected to catch several inaccurate prints per day, allowing any errors to be corrected before erroneous trades become part of the consolidated tape. This new service will address some of the shortcomings resulting from the implementation of the Markets in Financial Instruments Directive (MiFID) recently recognized by European Union (EU) institutions.

"While MiFID has been beneficial in increasing exchange competition and reducing transaction fees for market participants, it has also caused market fragmentation -- thus creating challenges to post-trade transparency," said NASDAQ OMX Executive Vice President Hans-Ole Jochumsen. "NASDAQ OMX Nordic Last Sale for Professional Users enhances post-trade transparency and facilitates vendors' creation of a consolidated tape by providing complete and accurate execution data."

"NASDAQ OMX Nordic Last Sale for Professional Users was introduced in response to customer demand," said Randall Hopkins, Senior Vice President, NASDAQ OMX Global Data Products. "Now market professionals can more effectively identify liquidity and evaluate execution quality, enabling them to make better informed investment decisions. By giving firms a lower price-point for Last Sale data, as compared to Level 1, firms are given more choices, better ways to match their needs precisely to the product type, and in many cases, to lower their market data costs."

NASDAQ OMX Nordic Last Sale for Professional Users is available for a subscription fee of €15/ per month. For more information about NASDAQ OMX Nordic Last Sale for Professional Users, visit http://nordic.nasdaqomxtrader.com/marketdata/dataproducts/NordicLastSale/

Source: NASDAQ OMX


Two new ComStage ETFs launched on Xetra

July 12, 2010-- Two new listed equity index ETFs issued by ComStage have been tradable in Deutsche Börse’s XTF segment since Monday.
ETF name: ComStage ETF HSI
Asset class: equity index ETF
ISIN: LU0488316729


Total expense ratio: 0.55 percent
Distribution policy: distributing
Benchmark: Hang Seng Index (price index)

ETF name: ComStage ETF HSCEI
Asset class: equity index ETF
ISIN: LU0488316992
Total expense ratio: 0.55 percent
Distribution policy: distributing
Benchmark: Hang Seng China Enterprises Index (price index)

The ComStage HSI and HSCEI ETFs track the performance of companies traded on the Hong Kong Stock Exchange. The Hang Seng Index (HSI) represents the development of the largest and most liquid blue chips listed on the Hong Kong Stock Exchange. Mainland-Chinese companies whose H-shares are listed in Hong Kong can be included in the HSI if they meet certain criteria. The Hang Seng China Enterprises Index (HSCEI) comprises the most important mainland-Chinese shares traded on the Hong Kong Stock Exchange (H-shares). It only comprises the H-shares with the highest market capitalization which are also included in the Hang Seng Composite Index (HSCI). Both of these are price indices.

The product offering in Deutsche Börse’s XTF segment currently contains a total of 680 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of around €14 billion, makes Xetra Europe’s leading trading venue for ETFs.

Source: Deutsche Börse


Deutsche Bank ETF Research - Quarterly Update: Retreating to Safety

July 12, 2010--Despite strong Q2’10 inflows, falling equity markets take their toll by shaving over 10% off AUM and bringing 2010 YTD ETP market growth to -0.85%
Euro sovereign concerns and worries about the strength of the recovery in the US kept investors scratching their heads about the likely trajectory of equity markets. This situation put the quarterly growth of the global ETP market in negative territory (-0.85% YTD), despite strong cash flows ($44.1 billion) in both the US ($31.6 billion) and Europe (€9.8 billion) and Asia (estimated at $8 billion). The global ETP market shrunk by 4.1% in Q2’10 and experienced its first decline in the past five quarters. This quarter’s decline wiped out the 3.5% increase registered in Q1’10 AUM, bringing the YTD growth below zero at -0.85%.

ETP market growth forecast: European growth rates steam ahead, while falling equity markets shadow expected global growth rates 0f 15%

While we still expect positive growth for the global ETP market for the remainder of 2010, recent economic events lead us to also consider the possibility of growth between 15 and 20% slowing, should equity market declines continue. Global ETP market growth above 15% is still within reach, however, it is less likely as it necessitates both a very strong equity market rally (upwards of 20%) as well as cash flow patterns at or above historical highs ($80-90 billion for the remaining two quarters) for the rest of the year.

The European market continued to defy falling equity markets and strong cash flow patterns contributed to growth of 13.4% 2010 YTD. Growth in this region is expected to comfortably outstrip that of the other two major regions and could reach 25-30% before year end. The US and Asian markets are more likely to grow at rates which could be at half those of Europe, both the US and Asia Pacific regions registered close to flat growth 2010 YTD.

Q2’10 flows continue strong but asset allocation indicates clear shift in risk appetite

While market uncertainty and elevated volatility levels had a profound effect on how ETP flows were allocated among asset classes in the second quarter of the year, on both sides of the Atlantic, the ETP sector continued to see strong inflows totaling $44.1 billion. This level is significantly above the $18.1 billion observed in Q1’10. The majority of the flows (71.7%) came into the US market, while the remaining (28.3%) came to the European market. The proportion of the flow allocation, relative to AUM, points that the European market received (relative to its size) higher inflows (US: $779 billion (72%), Europe: $236 billion (21.8%), despite the falling Euro/US$ exchange rate.

Equity flows, while positive, continued to decline over Q2’10. The month of May registered net outflows of $250 million in the US market, while in Europe, the exit from equities was more pronounced in June with €3.2 billion of outflows. Fixed income registered strong inflows in both territories (US: $ 10.7 billion, Europe: €3.1 billion), with large allocations to sovereign benchmarks, despite sovereign solvency concerns in Europe.

The biggest flow-related story was gold. Q2’10 global gold ETP inflows easily surpassed the cumulative gold inflows of the past five consecutive quarters put together and reached $11.6 billion (US: $8.3 billion, Europe: €2.8 billion). Taking into account AUM at the beginning of Q2’10, gold ETPs in Europe were more popular than in the US as they experienced a quarter-over-quarter increase of 43%, to €20.4 billion from €14.3 billion. The real increase is higher, as the price of gold is quoted in US$ and the Euro depreciated over 10% against the US$ over Q2’10. In the US, for the same period, the gold ETP segment rose by 23% to $58.0 billion from $44.4 billion.

European off-exchange ETP trading gathers pace

While to many an oxymoron, it is nevertheless a reality. The combined ETP turnover that takes place off-exchange (within ancillary exchange OTC platforms) in the three of the major European exchanges (Deutsche Borse, SIX Swiss Exchange, London Stock Exchange) is three times higher than the level of on-exchange turnover. The significance of this is that popular data provision services (such as Bloomberg and Reuters) do not account for off-exchange turnover thus giving the impression that turnover volumes are lower than what they actually are.

The level of off-exchange activity differs among the three exchanges that openly report off-exchange trades, with the biggest of the three, Deutsche Borse leading with 80% of trading occurring off-exchange. This is followed by the London Stock exchange, registering close to 60% of its ETP turnover activity off-exchange. The SIX Swiss exchange registers roughly 25% of its ETP trades off the exchange. Combining all three exchanges, 60% of ETP turnover activity has occurred off-exchange historically, with May month end levels closer to 75%.

Global ETP product launch calendar: Europe leads Q2’10 new product launches

The second quarter of the year registered 173 new product launches, the majority of which were ETFs (130), with the remainder being ETCs (41) and ETVs (2). Most of the new products were launched in Europe (110), with the US (47) and Asia (16) in second and third places respectively. This brings the total new ETP products launched to date in 2010 at 405, following the 232 ETPs launched in Q1’10.

ETPs targeting equity benchmarks led the pack (103), with fixed income (24) following and commodities third (23). Currency ETPs had a particularly strong quarter with 22 products being launched in Europe on a number of pair currencies. Just over three quarters of the products launched target long benchmark indices (135), with the remainder targeting short (18) and leveraged (20) benchmark indices

ETP research universe revision

Our core coverage universe is exchange-traded funds and our aim is to produce research that can facilitate informed decision making across asset classes. As legislation stands today, both in the US and Europe, the vast majority of ETFs may only track equity and fixed income benchmarks. When making investment decisions and in the interest of constructing efficient portfolios, investment managers look for uncorrelated return sources. Therefore, recognizing both the need to make decisions utilizing information across asset classes, and at the same time, the secure/funded nature of ETFs, we are continuing to include in our coverage universe exchange-traded funds (ETFs), Exchange-Traded Commodities (ETCs, Europe) and Exchange-Traded Vehicles (ETVs, US), however, we will be reporting ETNs separately going forward.

ETNs in our reported universe are close to $10.0 billion as of the end of Q2’10 (Figure 52). The impact of their exclusion from our reported universe will be therefore immaterial (less than 1%) in terms of AUM. The impact is more noticeable in terms of product count, we currently include 273 ETN products in our reported universe. Excluding them will reduce the total ETP product count by 10.3% to 2,379 products, down from 2,652.

to request report

Source: Christos Costandinides-Deutsche Bank - Equity Research


Deutsche Bank’s Exchange Traded Commodity Platform Lists Ten New ETCs On LSE

July 12, 2010--Deutsche Bank’s Exchange Traded Commodity (db ETC) platform today announces the listing of ten new Exchange Traded Commodities (ETCs) on the London Stock Exchange.
The new ETC range enables investors to gain simple and efficient exposure to a wide spectrum of commodities. This includes the db Physical Gold ETC and the db Physical Silver ETC that are backed by the relevant precious metal being tracked by the ETC.

Also being launched are a range of index linked ETCs such as the db S&P GSCI Industrial Metals ETC and db Energy Booster ETC which are unique because the exposures to the swap transactions incorporated in these ETCs are fully collateralised with physical gold.

: Another distinguishing feature of some of the index linked ETCs is that they are linked to Deutsche Bank’s Optimum Yield commodity indices. The indices underlying ETCs are typically linked to the performance of a basket of commodity futures contracts. Due to the costs (or gains) associated with “rolling” commodity futures contracts (i.e. selling a maturing contract and buying a new one) there may be a divergence between the spot and future price of a commodity. The “Optimum Yield” technique represents a way of investing into commodities with the aim of minimising such costs (or maximising gains) from the “rolling” of commodity futures contracts. The index linked ETCs which utilise the Optimum Yield technique have the word “Booster” in their name.

All of the db ETC products have competitive fees and are offered with full liquidity through Deutsche Bank which acts as market maker for all of the products. These ten new db ETC products add to the range of 19 which were listed on Xetra Frankfurt earlier this year.

Deutsche Bank Exchange Traded Product (ETP) research shows that the ETC market is one of the fastest growing investment segments in the ETP market. Total assets in ETPs across Europe grew by 145% in 2009, compared to only 43% in equities and 17% in fixed income.

David Silbert, Global Head of Commodities at Deutsche Bank said, “The ETC platform offers investors a simple, efficient and liquid way to gain exposure to a wide range of commodities at a competitive price. We anticipate strong demand for these products.”

read more

Source: Mondovisione


UK slump deeper than thought, gov’t spending key in Q1

July 12, 2010--Britain’s record recession was even deeper than previously thought, and the economy could still have contracted in the first quarter of this year were it not for hefty government spending, official data showed on Monday.

The Office for National Statistics left its earlier estimate of first-quarter growth unrevised at 0.3 percent, giving an unchanged annual decline of 0.2 percent.

Britain faces mixed prospects for the second quarter, after data released at the same time showed that services output contracted 0.3 percent in April, the biggest fall since January.

read more

Source: Todays Zaman


Risk and Trend Mapping No9 - 2010 risk and trend mapping for financial markets and retail savings

July 12, 2010--Introduction
Risks identified and action taken in 2009
From the financial crisis to the economic crisis
The AMF published its previous risk and trend mapping study in June 2009, when markets conditions were still highly volatile. The report highlighted the tensions prevailing in credit markets and the considerable uncertainty about future changes in asset prices and the balance sheets of banking and financial intermediaries. Accordingly, when monitoring the financial crisis, the AMF paid special attention to financial reporting by banks and the application of accounting standards.

Moreover, the sharp deterioration in post-crisis economic conditions created specific problems involving market disclosures by struggling companies and the enforcement of standards, especially in the event of breaches of covenants. Some companies carried out capital raising exercises in very short timeframes, which led to particular problems when processing their requests for regulatory approval. In this harsh economic environment, there were almost no initial public offerings in 2009 (apart from one major flotation at year's end) and very few tender offers – a similar pattern to 2008. By contrast, fundraising through rights issues and convertible bond issuance reached record levels, especially for large capitalisation companies.

The 2009 report also pointed to operational risk in the over-the-counter (OTC) market for derivatives, particularly credit derivatives, caused by a lack of robust post-trade procedures. In accordance with the recommendations of the G-20, the international financial community made major efforts in this respect, under the guidance of regulators; and these initiatives are ongoing in 2010. The AMF chairs the Post-Trading Standing Committee of the Committee of European Securities Regulators and is monitoring projects involving clearing houses and trade repositories in connection with the forthcoming legislative proposal from the European Commission on clearing and settlement. The AMF is also contributing to the review of the CPSS-IOSCO standards.

read more

Source: AMF


CESR launches a consultation on the advice to the Commission in the context of the MiFID Review – Client Categorisation

July 12, 2010--In the context of its review of the Markets in Financial Instruments Directive (MiFID), the European Commission (EC) posed a series of questions to CESR. The purpose of this consultation is to gather stakeholders’ views on client categorisation issues to assist CESR in its responses to the Commission’s questions on these issues.

The main points in this consultation paper are under the following three headings:

Technical criteria to further distinguish within the current broad categories of clients [“other authorised or regulated financial institutions”, “locals”, “other institutional investors” (Annex II.I(1) (c), (h), (i) of MiFID)]: Part 1 of the consultation paper asks whether distinctions should be made between regulated entities for the purposes of determining which entities are to be treated as “per se” professional clients.

Public debt bodies: Part 2 of the consultation paper asks whether it is necessary to clarify, for the purposes of the client categorisation regime, whether local authorities/municipalities can be treated as public debt bodies.

Other client categorisation issues: Part 3 of the consultation paper asks whether tests of knowledge and experience should be used more widely for client categorisation than is currently the case, whether for very complex products (such as asset backed securities and non-standard OTC derivatives) the scope of the eligible counterparty categorisation should be narrowed and what standards should apply to transactions done with eligible counterparties.

Responses to the consultation paper should be submitted online in the section Consultations by 9 July 2010.

view consultation paper

Source: CESR


NYSE Euronext And Warsaw Stock Exchange Announce Strategic Partnership

Warsaw bourse to acquire state-of-the-art cash and derivatives trading platform provided by NYSE Technologies™ as part of a multi-year business partnership
Aims to strengthen WSE’s position as a regional hub for CEE
Brings the potential to open WSE products to NYSE Euronext’s SFTI connected community
Offers an order routing link to the leading market venue in the CEE region July 12, 2010--NYSE Euronext (NYX) and the Warsaw Stock Exchange (WSE) today announced the establishment of a strategic, long-term cooperation agreement covering the development of future mutually-beneficial business initiatives and the migration of WSE markets to NYSE Technologies™ Universal Trading Platform. Financial terms were not disclosed.

As part of a multi-year commercial agreement, NYSE Euronext will provide WSE with the Universal Trading Platform for its cash and derivative markets. Both parties will explore new trading, market data and business development initiatives serving investors and issuers of a wide range of financial instruments. NYSE Technologies, the commercial technology unit of NYSE Euronext, will deliver the Universal Trading Platform and work with WSE to develop new IT-based opportunities in Poland and the Central and Eastern Europe region. This will build on the distribution capabilities of SFTI™ and further broaden the community of SFTI connected markets.

“NYSE Euronext welcomes this partnership with the Warsaw Stock Exchange, a regional leader that is well positioned for further growth and success, said Duncan L. Niederauer, Chief Executive Officer, NYSE Euronext. I am thrilled that the WSE has selected NYSE Euronext at this critical point in its international strategy. We look forward to working together on this and other initiatives to benefit our respective markets, customers and stakeholders.”

“The undertaking we are now starting with NYSE Euronext is, without any doubt, one of the most significant moves aimed at developing the WSE further as an international market place, said Ludwik Sobolewski, Chief Executive Officer, Warsaw Stock Exchange. It is a direct consequence of the strategy adopted and implemented by the WSE Board in recent years. We are at the very beginning as regards the strategic partnership, but this beginning comes at a very appropriate moment, complementing other, already much more advanced endeavours. ”

Dominique Cerutti, President and Deputy Chief Executive Officer of NYSE Euronext, said, “Our relationship with WSE goes back many years and we are excited to both further our partnership and to serve such an important role in its future success by applying our technology assets and expertise. WSE’s decision to use the NYSE Euronext Universal Trading Platform enables our partner to take full advantage of our investment in innovative exchange solutions and communications infrastructure.”

Source: NYSE Euronext


New Standard Commodities Gold ETC Launched on Xetra

July 9, 2010-- A further gold ETC issued by the provider Standard Commodities Limited, the ETC platform of the Royal Bank of Scotland, has been tradable on Xetra since Friday.
ETC name: Standard Commodities Goldtracker
Asset class: commodities
ISIN: DE000A1ESY66

Management fee: 0.28 percent
Benchmark: London Gold Market AM fix price

The Standard Commodities Goldtracker is aimed primarily at institutional investors and tracks the performance of the London Gold Market AM fix price in US dollars. It is an exchange-traded bond that is backed by physically deposited gold in accordance with the LBMA standard.

Deutsche Börse’s ETC segment currently comprises 172 products. The monthly trading volume of ETCs on Xetra averages around €550 million.

Source: Deutsche Börse


Increasing demand may lower gold prices, says council official

July 9, 2010--World Gold Council Turkey President Cihan Göksel has said skyrocketing gold prices could drop gradually following an anticipated increase in demand from both domestic and foreign markets.

Speaking to reporters in ?stanbul on Friday, Göksel said that although it is too early to say anything definitive, a price drop can be expected in the long run, triggered by a recovery in demand. “World markets have maintained a steady growth in demand for gold, and such a trend is expected to continue in the months to come,” he said, noting that gold still remains one of the safest investment tools in markets and that such confidence is expected to increase.

read more

Source: Todays Zaman


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

Americas


September 12, 2025 FIS Trust files with the SEC-FIS Bright Portfolios Focused Equity ETF and FIS Christian Stock Fund
September 12, 2025 Rayliant Funds Trust files with the SEC-Rayliant-ChinaAMC Transformative China Tech ETF
September 12, 2025 Bitwise Funds Trust files with the SEC-Bitwise CRCL Option Income Strategy ETF
September 12, 2025 EA Series Trust files with the SEC-Alpha Architect US Equity 2 ETF
September 12, 2025 Carillon Series Trust files with the SEC-4 RJ ETFs

read more news


Asia ETF News


September 08, 2025 Samsung Securities Launches Two ETNs Tracking Solactive China Mobility Top 5 Hedged to KRW Index and AI Tech Top 5 Hedged to KRW Index in First Collaboration with Solactive
September 03, 2025 SGX Securities Welcomes The Listing Of SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF
September 03, 2025 BTIG Begins Offering Access To Tokyo Stock Exchange's CONNEQTOR Platform
September 03, 2025 Exclusive: US trading firm Jane Street files appeal against India markets regulator
September 02, 2025 Hana Asset Management Launches 1Q Xiaomi Value-Chain Active ETF Tracking the Solactive-KEDI Xiaomi Focus China Tech Index

read more news


Global ETP News


September 04, 2025 Infographic-G20 Inflation Tracker: July
September 04, 2025 How Stablecoins and Other Financial Innovations May Reshape the Global Economy
September 04, 2025 Finance Changed, Risks Didn't
September 03, 2025 Ondo Brings Over 100 Tokenized U.S. Stocks and ETFs Onchain, Starting on Ethereum
August 27, 2025 FBS Analysis Highlights How Political Shifts Are Redefining the Next Altcoin Rally

read more news


Middle East ETP News


September 02, 2025 Indxx US Infrastructure Index Licensed by KSM Mutual Funds Ltd. for an Index Tracking Fund
September 01, 2025 Lunate Launches Boreas Solactive Quantum Computing UCITS ETF, the First Thematic ETF to List on ADX, Tracking the Solactive Developed Quantum Computing Index
August 20, 2025 Mideast Stocks: Gulf bourses trade lower ahead of key Fed speech

read more news


Africa ETF News


August 24, 2025 Africa: Nigeria Leads Africa in Stablecoin Adoption With $22bn in Transactions

read more news


ESG and Of Interest News


August 28, 2025 Collapse of critical Atlantic current is no longer low-likelihood, study finds
August 06, 2025 Why investing in Southern Africa's critical minerals is key for the global energy transition

read more news


White Papers


September 08, 2025 Economic development, carbon emissions and climate policies

view more white papers