Global ETF News Older than One Year
BATS Global Markets U.S. Equities Market Share Rose In April- Europe Depository Receipts Trading Reached Monthly Record
Overall European Market Share 22.4%-U.S. Equities 10.9%; U.S. Options 4.0%
May 3, 2013--BATS Global Markets (BATS) today reported increased market share for its U.S. equities segment in April, finishing at 10.9% vs 10.6% in March. BATS Options rose to 4.0% from 3.8%.
Also in April, BATS Chi-X Europe set a new monthly market share record in Depository Receipt (DR) trading, with BATS Chi-X Europe earning 7.1% market share, exceeding its previous record of 5.9% set in March 2013. BATS Chi-X Europe also matched last month's market share record in Spain's IBEX 35 of 12.8%.
BATS Chi-X Europe, the largest pan-European equities exchange, offers trading in more than 50 DRs from 12 markets including Russia, India and South Korea. The average daily notional value traded of DRs on BATS Chi-X Europe has increased 50% to €41.5 million in April from €27.6 million in January.
Source: BATS
NASDAQ OMX Index Monthly Performance Report
May 2, 2013--Access one-month, three-month, six-month, one-, three-, five- and ten-year returns, as well as one-year volatility, as of April 30, 2013.
view the NASDAQ Index Monthly report
For more info contact NASDAQLICENSING@NASDAQOMX.COM
Source: NASDAQ OMX
Manufacturing Future Economic Growth and Job Creation
World Economic Forum report highlights the manufacturing sector as a critical driver of growth, prosperity and innovation
Input from more than 70 CEOs and senior executives from the manufacturing sector; case studies from developed and emerging economy countries
May 2, 2013--The manufacturing sector has a fundamental role to play in global economic growth and job creation for emerging economies and developed markets, says a new report released today by the World Economic Forum, in collaboration with Deloitte Touche Tohmatsu Limited.
According to Manufacturing for Growth – Strategies for Driving Growth and Employment , key drivers behind a successful advanced manufacturing strategy include a competitive tax system, free and fair trade, education and talent development, energy efficiency, and technology and innovation.
view the Manufacturing for Growth report
Source: World Economic Forum (WEF)
Average daily volume of 9.8 million contracts at Eurex Group in April
May 2, 2013--In April 2013, the international derivatives exchanges of Eurex Group recorded an average daily volume of 9.8 million contracts (April 2012: 10.9 million). Of those, 7.1 million were Eurex Exchange contracts (April 2012: 8.3 million), and 2.7 million contracts (April 2012: 2.6 million) were traded at the U.S.-based International Securities Exchange (ISE).
In its largest segment – equity index derivatives – Eurex Exchange achieved 54.3 million contracts (April 2012: 64.6 million). Futures on the EURO STOXX 50® Index stood at 22.2 million contracts and 19.7 million on the index options. Futures on the DAX index totaled 2.7 million contracts while the DAX options reached another 3.9 million contracts. The Eurex KOSPI Product recorded approximately 1.6 million contracts.
Source: Eurex
Program Trading Averaged 24.5 Percent of NYSE Volume during Apr. 22-26
May 2, 2013-- The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), today released its weekly program-trading data compiled from member firms' executed volume from NYSE’s orders database. The report includes trading on the NYSE for Apr. 22-26.
The data indicated that during Apr. 22-26, program trading amounted to 24.5 percent of NYSE average daily volume of 1,461.7 million shares1, or 358.1 million program shares traded per day.
Source: NYSE Euronext
April ETF Flows Show Rising Caution: BlackRock
May 1, 2013--As the appetite for riskier investments dwindled last month, investors moved money into global stock exchange-traded funds at the slowest pace since October but stepped up their buying of bond ETFs, according to data from BlackRock Inc.
The more cautious tone was evident in demand for U.S. government bond ETFs, which took in $2.2 billion despite dwindling bond yields, the biggest inflow since November. Overall, bond ETFs attracted $9.5 billion, the most since May 2012.
Source: Wall Street Journal
Gold ETF posts record outflow in April, U.S. coin sales spike
SPDR Gold Trust lost 142 T in gold valued at $6.6 bln
American Eagle gold coins up 10 times yr/yr to 209,500 oz
Dealers report 20 pct premium per US silver coin
May 1, 2013--Gold's historic sell-off last month has intensified a disconnect between funds which sold on dissatisfaction over bullion's underperformance and individual investors who could not get enough physical gold coins and bars at bargain prices.
In April, holdings at the world's largest gold-backed exchange-traded funds (ETFs) the SPDR Gold Trust posted their biggest monthly outflow in tonnage terms in 8-1/2 years.
Source: Reuters
Gold consolidates further but ETF sales continue
According to Julian Phillips, both gold and silver should continue to consolidate on US markets on Wednesday but, with a weaker bias
May 1, 2013--Gold closed in New York at $1,470.40 in New York yesterday almost unmoved on the day before. In Asia, it held its ground even though China is still on holiday, until tomorrow.
In London it was pulled back to $1,464 before recovering to fix at $1,469.5 down less than $3 and in the euro at €1,113.60 down €13 because the euro was stronger at €1: $1.3196 up 1.2 cents against the dollar. Ahead of New York’s opening it rose slightly at $1,472 and..
Source: MineWeb
IMF Working paper-The Impact of Debt Sustainability and the Level of Debt on Emerging Markets Spreads
May 1, 2013--Summary: How do financial markets respond to concerns over debt sustainability and the level of public debt in emerging markets? We introduce a measure of debt sustainability-the difference between the debt stabilizing primary balance and the primary balance-in an otherwise standard spread regression model applied to a panel of 26 emerging market economies.
We find that debt sustainability is an important determinant of spreads. In addition, using a panel smooth transition regression model, we find that the sensitivity of spreads to debt sustainability doubles as public debt increases above 45 percent of GDP. These results suggest that market interest rates react more to debt sustainability concerns in a country with a high level of debt compared to a country with a low level of debt.
Source: IMF
MSCI to Decide on Proposing Israel for Europe Basket by June
April 30, 2013--MSCI Inc. (MSCI) will decide no later than June whether to propose including Israel in its European index after receiving "mixed feedback" from investors.
“We have received mixed feedback from investors” if they see Israel as part of their European investment basket, Sebastien Lieblich, global head of index management at MSCI, said today in a phone interview with Bloomberg from Geneva.
Source: Bloomberg BusinessWeek
