Global ETF News Older than One Year
NASDAQ OMX Prices EUR 600,000,000 Senior Notes Offering
June 4, 2013--The NASDAQ OMX Group, Inc. (NDAQ) today announced that it priced a public offering of EURO600,000,000 aggregate principal amount of Euro-denominated 3.875% senior notes due 2021.
The NASDAQ OMX Group, Inc. intends to use the net proceeds from the offering, together with cash on hand and/or borrowings under the revolving portion of its senior credit facility, to fund the consideration for the previously announced acquisition of the eSpeed platform and related expenses and for general corporate purposes, which may include the repayment of indebtedness.
Source: NASDAQ OMX
NYSE Euronext plans to sell over Rs 200 crore stake in MCX
June 3, 2013--Global exchange giant NYSE Euronext is considering a fresh bid to sell its nearly 5 per cent stake in India's premier commodity bourse MCX, after an earlier attempt failed in March this year.
NYSE Euronext, which runs leading bourses in the US and Europe, holds 4.79 per cent stake in Multi Commodity Exchange (MCX) and its stake is currently valued at over Rs 200 crore.
Source: The Economic Times
NASDAQ OMX Completes Acquisition of Thomson Reuters Investor Relations, Public Relations and Multimedia Businesses
NASDAQ OMX to Integrate Businesses With Global Technology Solutions
Accretive to EPS Within the First 12 Months, Excluding Transaction-Related Costs
June 3, 2013--The NASDAQ OMX Group, Inc., today announced the completion of its acquisition of Thomson Reuters Investor Relations, Public Relations and Multimedia Solutions businesses, which provide insight, analytics and communications solutions.
These complementary businesses will be integrated with NASDAQ OMX's Global Technology Solutions business to create a differentiated client experience through a comprehensive portfolio of technology-driven solutions to more than 10,000 clients worldwide.
Source: NASDAQ OMX
Average daily volume of 10.1 million contracts at Eurex Group in May
June 3, 2013--In May, the international derivatives exchanges of Eurex Group achieved an average daily volume of 10.1 million contracts (May 2012: 11.2 million). Of those, almost 7.4 million were Eurex Exchange contracts (May 2012: 8.4 million), and 2.7 million contracts (May 2012: 2.6 million) were traded at the U.S-based International Securities Exchange (ISE).
In total, 162.4 million contracts were traded at Eurex Exchange and 58.3 million at ISE. This makes May the best month in terms of trading volumes in 2013.
Eurex Exchange recorded 51.9 million equity index derivatives contracts (May 2012: 76.6 million). The single largest contract was the future on the EURO STOXX 50(R) Index with 20.6 million contracts. The option on this blue chip index totaled 18.6 million contracts. Futures on the DAX index recorded 2.3 million contracts while the DAX options reached another 4.0 million contracts. The Eurex KOSPI Product reached 1.5 million contracts.
Source: Eurex
IOSCO Publishes the Responses to Financial Benchmark Consultation
June 3, 2013--The International Organization of Securities Commissions (IOSCO) published today the comment letters to the consultation paper on Principles for Financial Benchmarks that was issued on 16 April 2013. The report sought public comment on a set of high-level principles for benchmarks used in global financial markets.
More than 40 responses were received. Because of the wide diversity of benchmarks, IOSCO also asked for public comment on a subset of more detailed principles for benchmarks having specific risks arising from their reliance on submissions and/or their ownership structure.
Source: IOSCO
BIS-June 2013 Quarterly Review: Markets under the spell of monetary easing
June 3, 2013--Further monetary easing boosted asset prices despite negative macroeconomic news.
Cross-border claims of BIS reporting banks fell in the fourth quarter of 2012 as a sharp reduction in cross-border interbank lending more than offset higher cross-border credit to non-banks.
Paul Melaschenko and Noel Reynolds (BIS) propose a mechanism to recapitalise banks that are too big to fail.
Mathias Drehmann (BIS) finds that the reliability of credit gap indicators as an early warning signal for incipient systemic crises can be improved by using data on total credit to the private sector rather than bank credit data only.
Chen Zhou (Netherlands Bank) and Nikola Tarashev (BIS) measure banks' systemic importance on the basis of information about rare events that they compute using tools from extreme value theory
Summaries of individual chapters
Markets under the spell of monetary easing
Further monetary easing helped market participants to tune out signs of a global growth slowdown. The spate of negative economic news between mid-March and mid-April did little to interrupt the rise of equity prices in advanced economies. Further policy easing, followed promptly by an improved US outlook in early May, boosted market sentiment and lifted the main equity indices to new highs.
Source: AME Info
Markit Launches ETP Analytics
June 3, 2013--Markit, a leading, global financial information services company, today announced that it has launched Markit ETP Analytics, a comprehensive and independent analytics solution for the global Exchange Traded Products (ETP) market.
Markit ETP Analytics is built on the foundation of Markit’s encyclopaedia and composition data, which spans over 5,100 unique ETPs. It provides full transparency into the global ETP landscape through a comprehensive set of analytics that covers over 1,300 calculations to address performance, liquidity, risk and benchmark tracking metrics.
Source: Markit
IntercontinentalExchange Stockholders Approve Acquisition of NYSE Euronext
June 3, 2013--IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, announced the results of the special meeting of stockholders today to approve ICE's acquisition of NYSE Euronext.
ICE stockholders approved the agreement to acquire NYSE Euronext, with approximately 99.68% of the shares present at the special meeting voted for the approval of the combination, representing 85.05% of ICE's outstanding common shares. All other proposals passed with an average of 97% of the shares present at the special meeting voting for each of the governance-related proposals and the adjournment proposal.
Source: CNBC
ETF Securities-Precious Metals Weekly: Platinum and Palladium Prices Rise on Start of South Africa "Strike Season"
June 3, 2013--Tepid economic data from the US eased fears that the Fed will imminently cut back on quantitative easing, sending precious metals higher last week.
The gold price temporarily rose above US$1,400/oz. for the first time in two weeks, breaking above key technical resistance before fading in early Monday trade. With Fed policy so tightly tied to labour market improvements, all eyes will be on the US non-farm payrolls data this week.
Source: ETF Securities
EPFR Global News Release-EM Fund groups stumble into June
May 31, 2013--With Europe backing away from austerity, visions of life after QE3 unnerving global markets and profit takers sending key Japanese indexes plunging, some investors opted to pull the sell-in-May-and-go-away trigger heading into June.
Emerging Equity and Bond Funds found themselves first in the line of fire. Those tracked by EPFR Global experienced their biggest redemptions since late 4Q11 and 2Q12 respectively during a week when Europe Equity Funds posted outflows for the 12th time since the beginning of March and flows into Japan Equity Funds fell to a 14 week low.
Overall, EPFR Global-tracked Equity Funds recorded collective outflows of $2.79 billion during the week ending May 29 as retail redemptions hit a year-to-date high while Bond Funds attracted $1.37 million, their second lowest total of 2013. Money Market Funds took in a net $8.52 billion, with commitments to US funds offsetting redemptions from Europe and Japan Funds, thereby posting back-to-back weekly inflow for the first time since early January.
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Source: EPFR
