Europe ETP News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results
AMUNDI IS has listed 2 new ETF on NYSE Euronext’s Paris market today
July 6, 2010--NYSE Euronext is pleased to announce that AMUNDI IS has listed 2 new ETF on NYSE Euronext’s Paris market today:
Listing date:06/07/2010
ETF name:AMUNDI ETF EURO STOXX SMALL CAP
ETF ISIN:FR0010900076
ETF Symbol:ESM
Listing date:06/07/2010
ETF name:AMUNDI ETF DOW JONES EURO STOXX 50 (D)
ETF ISIN:FR0010908251
ETF Symbol:CD5
NYSE Euronext now has 542 listings of 494 ETFs based on more than 300 indices. So far this year, 46 ETFs have been listed on NYSE Euronext’s European markets.
Source: NYSE Euronext
European ETF activity highlights for June 2010: NYSE Euronext
July 6, 2010--At the end of June, NYSE Euronext had 541 listings of 493 ETFs from 17 issuers. These ETFs cover more than 300 indices exposed to an extended range of assets and strategies (Equity, Fixed Income, Commodities, Short, Leverage, etc…).
In June 2010, the number of ETFs increased by 18.5% compared to end of June 2009. So far this year, 46 new ETFs have been listed.
Both the daily average number of trades and daily average turnover figures again showed solid YOY growth in June 2010. On average, there were 9 208 trades on a daily basis, representing an increase of more than 36.7% versus June 2009. Daily average turnover increased from €294 million in June 2009 to €399.7 million in June 2010, or 35.9%
At the end of June, the combined Assets Under Management of all ETFs listed on the NYSE Euronext European markets totaled €116.7 billion, an increase of 39.3% from the €83.7 billion at the end of June 2009.
The combination of the flow of 19 first-class Liquidity Providers, competitive market makers, client orders and our high capacity, low latency technology contributed to a median spread of 30.94 bps of all listed ETFs, down from 45.51 bps in June 2009.
At the end of May 2010, NYSE Euronext’s Liquidity Providers program featured 19 Liquidity Providers that have a total of 1 005 liquidity provision agreements, providing firm bid/ask quotes with minimum size and maximum spread requirements for the entire trading session on all ETFs.
On Monday June 7, NYSE LIFFE launched five new options on ETFs based on 4 European sectors and China. Since then, liquidity has been provided on a regular basis on all strikes and maturities.
Visit www.euronext.com/etf for more info.
Source: NYSE Euronext
22nd meeting of the Market Participants Consultative Panel
July 6, 2010--Summary
a risk of a double-dip, the return of sovereign risk, possibly serious refinancing problems in the
commercial real estate sector, the amount of outstanding corporate debt and possibly rising
default rates, the need for analyzing the corporate bonds market structure and the need for more
investor education in light of vanishing boundaries between wholesale and retail markets.
Some financial disintermediation was seen as a positive development – though possible risks in terms
of financing in Central and Eastern European States and of SMEs were stressed. CESR’s report
on trends, risks and vulnerabilities in financial markets was received in a positive way and
suggestions were made on how to develop it further. Its publication was encouraged.
read more
Source: CESR
EPEX Spot / EEX Power Derivatives: Power Trading Results in June
July 6, 2010--In the framework of their cooperation, the European Energy Exchange AG (EEX) and the French Powernext SA integrated their Power Spot
and Derivatives Markets in 2009.
In June 2010, a total volume of 136.4 TWh was traded on the joint subsidiaries EPEX Spot SE and EEX Power Derivatives.
Power trading on the day-ahead auctions on EPEX Spot accounted for a total of
21,355,184 MWh and can be broken down as follows:
read more
Source: European Energy Exchange AG (EEX)
EEX Trading Results For Natural Gas And CO2 Emission Rights In June
Record volume on the Spot Market for Natural Gas – Considerable increase on the CO2 Derivatives Market
July 6, 2010--The volume traded on the Natural Gas Spot Market of the European
Energy Exchange AG (EEX) amounted to 2,418,071 MWh in June (June 2009:
86,880 MWh) (GASPOOL and NCG market areas) which constitutes the highest
monthly volume since trading start.
The volume in Within-Day gas trading was 1,253,279 MWh and hence contributed to a
large proportion to the overall spot volume. Furthermore, a new daily record was
reached on the Spot Market with 300,286 MWh on 23 June 2010. During the month,
the Spot Market price for the day-ahead delivery of Natural Gas ranged between EUR
14.69 per MWh and EUR 21.45 per MWh.
read more
Source: EEX
Launch of “IFRS 2010” Guide Book on International Reporting Standards at Istanbul Stock Exchange
July 6, 2010--A meeting will be held at the Istanbul Stock Exchange (ISE) on Monday, July 5, on the occasion of the launch of the “IFRS 2010” guide book, released by the International Accounting Standards Board (IASB), and covering the international standards on financial reporting. The whole set of the book is published in Turkish for the first time.
Archive RSS Launch of “IFRS 2010” Guide Book on International Reporting Standards at Istanbul Stock Exchange
A meeting will be held at the Istanbul Stock Exchange (ISE) on Monday, July 5, on the occasion of the launch of the “IFRS 2010” guide book, released by the International Accounting Standards Board (IASB), and covering the international standards on financial reporting. The whole set of the book is published in Turkish for the first time.
The meeting is organized with the cooperation of the Capital Markets Board of Turkey (CMB), Istanbul Stock Exchange (ISE), and Turkish Accounting Standards Board (TASB). Following the keynote speeches by Mr. Hüseyin ERKAN, ISE Chairman & CEO; Mr. Bülent ÜSTÜNEL, Chairman of TASB; Dr. Masum TÜRKER, Chairman of the Expert Accountants’ Association of Turkey; Prof. Vedat AKGIRAY, Chairman of the Capital Markets Board of Turkey; and Mr. Tevfik B?LG?N, Chairman of the Banking Regulation and Supervision Agency, Mr. Jan ENGSTROM, Board Member of IASB will deliver a presentation on “Fair Value”.
As an important reference for both practitioners and trainers, the publishing of “IFRS 2010” as a two-volume full set in Turkish for the first time by TASB, sets a milestone for financial reporting in Turkey.
Turkish Accounting Standards Board (TASB), founded by virtue of an article added in the Capital Markets Law, has published the “Turkish Accounting Standards/Turkish Financial Reporting Standards“ with reference to international financial reporting standards in full compliance with IFRS in the Official Gazette. These stipulations have been adopted and applied by the Banking Regulation and Supervision Agency, Capital Markets Board of Turkey, and Undersecretariat of Treasury, and are updated on a continuous basis.
Source: Istanbul Stock Exchange (ISE)
Assessment of Securities Settlement in Sweden 2009
July 6, 2010--Finansinspektionen and the Riksbank have jointly assessed the securities settlement in Sweden 2009.
The assessment is based on the Recommendations for Securities Settlement Systems in the European Union (ESCB/CESR) which consists of 19 recommendations.
In the assessment in 2009, Euroclear Sweden AB complies with all of the assessed recommendations. One recommendation is however not applicable and has therefore not been part of the assessment.
view the Assessment of Securities Settlement in Sweden 2009
Source: Finansinspektionen
Denmark sets bar on transparency
July 6, 2010--Denmark’s banking industry does not have a large global reach – something made clear in the efforts of its mortgage banks to lobby other countries’ regulators to be heard in Basel.
But the industry’s officials could in fact have their own kind of global clout if recently introduced transparency laws are taken up elsewhere.
Last week the Danish Financial Supervisory Authority published the first round of reports into individual banks and will do so regularly, extending the number of banks until all are covered annually.
read more
Source: FT.com
AMF publishes the report of the working group on the MiFID review
July 6, 2010--For the review of the Markets in Financial Instruments Directive (MiFID), which will assess the directive's
impact on the development and organisation of European equity markets, the AMF Board set up a working
group chaired by Jean-Pierre Pinatton and Olivier Poupart-Lafarge in December 2009. The group,
composed of all stakeholders, has now published its findings, which will contribute to ongoing discussions at
domestic and European levels.
The report addresses three main themes:
- Improving transparency
Pre-trade transparency: the report outlines several proposals, which include keeping pre-trade
transparency waivers based on order size, as well as the requirements for negotiated transactions, which existed pre-MiFID, while clarifying the scope. Concerning the so-called
reference price waiver, which allows a multilateral trading facility (MTF) to operate as a dark pool
if the transactions it executes are based on a price imported from another trading system, the
report recommends regulating these arrangements by setting a maximum trading volume beyond
which the MTF is no longer eligible for the waiver.
Post-trade transparency: the group supports mandatory introduction of a consolidated tape system in Europe. It also recommends that trades executed on crossing networks and by systematic internalisers should be identified by a generic identifier and that, more generally, transactions not subject to pre-trade transparency requirements should be identified when made public. Another recommendation is to reduce trade publication delays, notably by cutting the maximum delay from 3 minutes to 60 seconds, and to shorten the deferral periods currently authorised for some types of transactions. The group acknowledges the need to harmonise trade flags1 on trading venues throughout Europe. And it stresses the importance of clarifying the notion of over-the-counter (OTC) trading, which at present is defined solely by default, and determining a suitable way of regulating OTC trades, notably by flagging them.
view report
Source: AMF
EU bank supervision project stalls over powers
July 6, 2010--An EU project to create pan-European watchdogs to police the financial sector hit a snag Tuesday as negotiations between EU lawmakers and states stalled over how much power to give them.
The European Parliament postponed a vote on the plan until September to give negotiators more time to reach a deal on what authority to grant to the agencies, which would oversee banks, insurers and markets.
EU states want power to ultimately rest in the hands of national agencies while the European parliament seeks to give the new cross-border authorities enough influence.
Britain, fearful that supervision of the London financial centre by Brussels would end up costing it taxpayers' money, secured in December safeguards that would give states a de facto veto on decisions made by the new bodies.
read more
Source: EUbusiness
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.
