Citi Expands ETF Servicing Capabilities in EMEA
April 16, 219-Citi has expanded its ETF custody and fund services capabilities to include EMEA domiciled ETFs, following the successful buildout of its ETF Services platform in the US, Latin America and Asia.
Citi's core offering of ETF custody and fund services is supported by the firm's Advanced Citi ETF System (ACES), a new state-of-the-art technology platform that enables Citi to fully automate the entire ETF life cycle, from basket creation to order processing and settlement, significantly reducing operational risk and processing time.
Flow Traders releases 1Q19 trading update
April 16, 2019--Market ETP Value Traded slowed down 28% quarter-on-quarter and slowed down 7% year-on-year
Flow Traders ETP Value Traded slowed down 5% quarter-on-quarter, but grew 8% year-on-year
Flow Traders 1Q19 NTI reached €63.1m, reflecting the quarter-on-quarter slow down in market conditions
Flow Traders' market presence improved in all regions in 1Q19, especially in EMEA and US
1Q19 Fixed operating expenses decreased 3% quarter-on-quarter and grew 8% year-on-year, impacted by IFRS 16
FTEs grew to 447 at the end of 1Q19, realizing an FTE growth of 2.5% year-to-date
Own Funds Requirement (OFR) 31 March 2019 was €185m, resulting in an excess capital of €111m
Flow Traders will optimize trading capacities in APAC region through a centralization of dealing rooms in Hong Kong. Our Singapore office will remain operational to facilitate the growth of OTC trading to support trading in the region
World Bank-Global Value Chain Development Report 2019: Technological Innovation, Supply Chain Trade and Workers in a Globalized World
April 15, 2019--Highlights
More than two-thirds of world trade now occurs through global value chains (GVCs).
Over the last two decades, GVCs have reduced trade barriers, lowered the costs of transportation, created jobs for workers and driven significant economic growth in developing countries.
Technological advancements pose both opportunities and risks for countries participating in GVCs. To prepare their countries for a digital future, governments need to promote policies that are conducive to investment, that build the skills of local manufacturers and that nurture relationships between technology providers and local producers.
TRACKINSIGHT in cooperation with CONSER, announces the release of an in-depth ESG analytics module
April 15, 2019--TRACKINSIGHT, the leading global independent ETF analytics platform announces the deployment of its new ESG Analytics module developed in close cooperation with CONSER.
Based on a unique consensus-driven methodology developed by its partner, TRACKINSIGHT analyses ETFs using their actual holdings and offers an in-depth insight into the ESG consensus on firms to which ETFs are exposed, as well as major controversies and breaches of international norms.
Sustainable scoring will be available for more than 3,000 ETFs listed in Europe, North America and Asia, applying a consistent methodology developed by the expert firm CONSER across ETFs issued by the largest investment firms. Scorings are non-solicited and offered at no charge.
view more/a> 'Flash Boys' Trading Bots Are Running Wild on Crypto Exchanges
Special arbitrage bots are anticipating and profiting from ordinary users' trades on decentralized exchanges, which let them trade more directly, the authors said in a report released last week.
60 Investors Commit to Manage over $350 Billion in Assets in Line with New Impact Principles view the Investing For Impact: Operating Principles for Impact Management FTSE Russell introduces Multi-Asset Composite Index Series TRADEWEB MARKETS Monthly Activity Report-March 2019 A New Record For Total ADV in March Precious Metals Outlook: April 2019-Gold's Allure Remains Despite a Tepid First Quarter Overlooked Silver May Still Surprise
The Global Economy: A Delicate Moment
With this weakness expected to persist into the first half of 2019, our new World Economic Outlook (WEO) projects a slowdown in growth in 2019 for 70 percent of the world economy. Global growth softened to 3.6 percent in 2018 and is projected to decline further to 3.3 percent in 2019. The downward revision in growth of 0.2 percentage points for 2019 from the January projection is also broad based. It reflects negative revisions for several major economies including the euro area, Latin America, the United States, the United Kingdom, Canada, and Australia. view moreThe Global Economy: A Delicate Moment
April 10, 2019--A year ago, economic activity was accelerating in almost all regions of the world. One year later, much has changed. The escalation of US-China trade tensions, needed credit tightening in China, macroeconomic stress in Argentina and Turkey, disruptions to the auto sector in Germany, and financial tightening alongside the normalization of monetary policy in the larger advanced economies have all contributed to a significantly weakened global expansion, especially in the second half of 2018.
With this weakness expected to persist into the first half of 2019, our new World Economic Outlook (WEO) projects a slowdown in growth in 2019 for 70 percent of the world economy. Global growth softened to 3.6 percent in 2018 and is projected to decline further to 3.3 percent in 2019. The downward revision in growth of 0.2 percentage points for 2019 from the January projection is also broad based. It reflects negative revisions for several major economies including the euro area, Latin America, the United States, the United Kingdom, Canada, and Australia.
April 15, 2019--Cornell Tech detects front running at decentralized exchanges
Researchers suggest impact could be in billions of dollars
'Flash Boy'-like trading manipulation is rampant on certain cryptocurrency exchanges, according to a paper from researchers at Cornell Tech and several other universities.
April 12, 2019--IFC, a member of the World Bank Group, announced today that 60 investors are adopting the Operating Principles for Impact Management-a market standard for impact investing in which investors seek to generate positive impact for society alongside financial returns in a disciplined and transparent way.
The Principles bring greater transparency, credibility, and discipline to the impact investing market.
The organizations adopting the Principles collectively hold over $350 billion in assets invested for impact, which they commit to manage in accordance with the Principles. Future investments for impact will also adhere to the Principles. The Principles provide a clear common market standard for what constitutes an impact investment, addressing concerns about "impact-washing." IFC led the development of the Principles, in collaboration with leading asset managers, asset owners, asset allocators, development banks, and financial institutions, including a three-month public stakeholder consultation.
April 11, 2019--− Designed to provide broad measures of cross-asset market performance across a diverse selection of regions and risk exposures
A wide range of indexes across major asset classes covering global, regional and Emerging markets, including US, Europe and China
Draws on FTSE Russell's family of industry leading equity and fixed income global benchmarks
Designed for use by multi-asset investors, fully customizable and overseen by FTSE Russell's transparent index governance framework.
FTSE Russell, a leading global multi-asset index, data and analytics provider, today launched the FTSE Multi-Asset Composite Index Series. The new series is designed to provide broad measures of cross-asset market performance across a diverse selection of global regions and risk exposures.
April 11, 2019--Average daily volume (ADV) across rates, credit, equities and money markets for Tradeweb Markets set a new monthly record in March, exceeding $700 billion (bn) for the first time ever. ADV for March 2019 of $709.1 bn rose 35.3 percent (%) year over year (YoY) while average daily trades totaled 51,412.
Activity on Tradeweb trading platforms in March was driven by new records for ADV in U.S. government bonds, European government bonds, mortgages, interest rate swaps and swaptions, and credit default swaps (CDS). The total for mortgages included forward trading in the new uniform mortgage-backed securities (UMBS) for the first time. ADV in CDS of $19.0 bn in March exceeded the record set a year prior by 16.6% due to a rise in trading activity driven by rolling activity across all products including single-name CDS. Growth in interest rate swaps and swaptions of 69.9% YoY was fueled in part by the continued surge in European swaps. ADV in repurchase agreements of $177.7 bn in March set another post-crisis record on further growth in bilateral electronic trading on the platform.Overall market volumes generally exhibit seasonal strength in March due to rolling activity as well as futures and options expirations across products.
April 11, 2019--The macroeconomic environment remains conducive for gold keeping the probability of a bullish scenario outcome for gold elevated.
Global growth forecasts continued to be cut for 2019 among major economic organizations, as weakness in both Europe and China weigh on outlooks.
The impact of geopolitics and trade may add a further drag to the global growth picture and provide further catalysts for gold this year.
Silver remains cheap relative to gold with an improved speculative sentiment among futures positioning in 2019.
April 10, 2019--A year ago, economic activity was accelerating in almost all regions of the world.
One year later, much has changed. The escalation of US-China trade tensions, needed credit tightening in China, macroeconomic stress in Argentina and Turkey, disruptions to the auto sector in Germany, and financial tightening alongside the normalization of monetary policy in the larger advanced economies have all contributed to a significantly weakened global expansion, especially in the second half of 2018.