Global ETF News Older than One Year
Eurex and Singapore Exchange to start market access linkage January 2013
December 12. 2012--Singapore Exchange (SGX) and Eurex will offer market access to their customers with their data center linkage available from January 2013.
SGX and Eurex announced in March 2012 a partnership to deliver enhanced market access and cost efficiencies to members of both exchanges by linking their co-location centers.
Eurex members hosted in SGX’s co-location data center can now directly connect to the Eurex access point hosted at SGX. Likewise,
Source: Deutsche Börse
NASDAQ OMX To Buy Thomson Reuters' Investor Relations, PR, Multimedia Businesses
December 12, 2012--The NASDAQ OMX Group, Inc. ( NDAQ ) announced it has entered into an agreement with Thomson Reuters to acquire the Investor Relations, Public Relations and Multimedia Solutions businesses.
The businesses will be integrated into NASDAQ OMX Corporate Solutions.
NASDAQ OMX has made a binding offer to acquire Thomson Reuters Investor Relations, Public Relations and Multimedia Solutions businesses for $390 million in cash. Upon completion of the employee information and consultation process, NASDAQ OMX expects Thomson Reuters to enter into a definitive purchase and sale agreement.
Source: NASDAQ OMX
FSB fourth progress note on the global LEI initiative
December 11, 2012--This is the fourth of a series of notes on the implementation of the legal entity identifier (LEI) initiative.
Following endorsement of the FSB LEI report and recommendations by the G-20, the FSB LEI Implementation Group (IG) has been tasked with taking forward the planning and development work to launch the global LEI system by March 2013. The IG is collaborating closely with private sector experts with a wide range of experience from different sectors and fields through a Private Sector Preparatory Group (PSPG) incorporating members from 25 jurisdictions across the globe.
Source: FSB
Changes to swap costs prompt alarm
December 11, 2012--Off the peg or custom made? For some derivatives users, the choice could soon narrow sharply.
There are growing fears that specially-tailored swaps will become prohibitively expensive under new rules coming into effect from next year. Regulators want most users to pick only from the racks of standardised products.
Source: FT.com
IMF Working paper-Global Financial Crisis, Financial Contagion, and Emerging Markets
December 11, 2012--Summary: The recent global financial crisis was the first in recent history that was triggered by problems in the financial system of the mature economies. Existing work on financial crisis in emerging market countries, however, almost exclusively focus on the role of financial frictions in the domestic economy.
In contrast, we propose a two-country DSGE model to investigate the transmission of a global financial crisis that originates from financial frictions in the rest of the world. We find that the scale of financial spillovers from the global to the domestic economy and trade openness are key determinants of the severity of the financial crisis for the domestic economy. Our results also suggest that the welfare ranking of alternative monetary policy regimes is determined by the degree of financial contagion, the degree of trade openness as well as the scale of foreign currency denominated debt in the domestic economy.
view the IMF working paper-Global Financial Crisis, Financial Contagion, and Emerging Markets
Source: IMF
Index Launch Reveals Significant Differences in Countries' Energy Systems
New Global Energy Architecture Performance Index Report ranks energy systems of 105 countries from an economic, environmental and energy security perspective
Norway, Sweden and France top the ranking; OPEC countries and the USA languish outside the top 50
Purpose of the index is to help countries position themselves for the widespread transition that is expected in the global energy system
December 11, 2012--High-income countries are leading the transition to a new energy architecture but still have work to do on environmental sustainability, according to the Global Energy Architecture Performance Index Report 2013, released today by the World Economic Forum.
The index measures the strengths and weaknesses of countries’ energy systems from an integrated economic, environmental and energy security perspective.
It is also designed to help countries manage and navigate the challenges that arise from this period of change which, according to the International Energy Agency (IEA), will require US$ 38 trillion of investment in energy supply infrastructure by 2035 to meet rising global demand.
view the Global Energy Architecture Performance Index Report
Source: WEF
HSBC attempts to boost ETF liquidity
December 11, 2012--HSBC Global Asset Management has altered the business model of its exchange traded funds operations by adding a second official market maker who will help to improve the trading liquidity of its ETF range.
Susquehanna International Securities, one of the largest ETF traders in Europe, will provide continuous bid and offer prices for HSBC’s range of 25 ETFs, effectively providing competition to the bank’s own ETF market making activities, which are delivered by HSBC Global Markets.
Source: FT.com
Fund managers seek alternatives to automated trade-study
September 10, 2012--Almost a third of fund managers believe automated trading has had its day and are considering a move to alternative trading methods, including a return to "human-led trading models", a study released on Monday showed.
But any mistrust of automated trading by fund managers contrasts sharply with the attitude of brokerages and investment banks, where 67 percent of firms are looking to increase the use of automated trading.
Source: Reuters
Inflows Into ETFs and ETPs Resume as Uncertainty Diminishes
December 10, 2012--Despite a bumpy beginning to the month, by the end of November, assets in exchange-traded funds and other exchange-traded products had hit a record $1.9 trillion, according to data provided by ETFGI.
With at least some sources of market uncertainty removed, investors resumed investing in exchange-traded funds (ETFs) and products (ETPs) during November, contributing net new assets of $21.3 billion to these securities over the course of the month. That propelled assets in ETFs and ETPs to an all-time high of $1.9 trillion, with the lion’s share of that – or $1.3 trillion – invested in ETFs/ETPs in the United States.
Source: AlphaNow
BIS-December 2012 Quarterly Review: Policy measures and reduced short-term risks buoyed markets
December 10, 2012--Forecasts for global economic growth fell in the three months to early December, yet most risky asset prices increased. These prices benefited from further loosening of monetary policies and perceptions that some major near-term risks to the world economy had diminished.
Cross-border claims of BIS reporting banks dropped sharply between April and June, for the second time in three quarters. Interbank claims - especially inter-office positions - fell significantly, whereas claims on non-banks remained relatively stable. Banks from emerging market economies in Asia-Pacific largely filled the gap left by euro area and Swiss banks pulling back from lending to the region.
The OTC derivatives market continued to shrink. Notional amounts outstanding declined for the second half-year in a row, to $639 trillion at end-June 2012.
Source: BIS
