Global ETF News Older than One Year
NASDAQ OMX and the Egyptian Exchange Extend Technology Agreement
May 3, 2012--The NASDAQ OMX Group, Inc (Nasdaq:NDAQ) and the Egyptian Exchange (EGX) have entered an agreement that extends their relationship for a further five years.
Under the terms of the agreement, NASDAQ OMX will continue to support the EGX trading platform, powered by NASDAQ OMX technology, which started operating in November of 2008.
Dr. Mohammed Omran, The Chairman of EGX and Professor of Finance at the Arab Academy for Science and Technology, said: "Our partnership with NASDAQ OMX goes back many years and as the Egyptian market continues to stabilize we look forward to leveraging the strong functionality and latency benefits of their technology. In times of unprecedented national economic turmoil, NASDAQ OMX consistently provided excellent support to ensure that our trading platform efficiently handled the extreme volatility, thus contributing to the recovery of our financial market."
Lars Ottersgard, Senior Vice President, NASDAQ OMX Market Technology, commented: "EGX's commitment to our trading technology is proof of their dedication to leverage best-of-breed technology in order to drive and grow its business. A well functioning stock market is a catalyst for efficient financial markets and with a world class trading system in place EGX can continue its plans to expand their offering and prominence in the region."
EGX's trading platform is based on NASDAQ OMX's proven X-stream technology which is deployed in 22 markets worldwide. X-stream is a multi-asset system that complies with international standards and is capable of handling equities, commodities, debt, ETFs, futures, options, swaps and derivatives on a single platform.
Source: NASDAQ OMX
Basel Seeks Tougher Boundary Between Banking, Trading Books
May 3, 2012--Banks face tougher rules on how they differentiate between assets they keep in their banking and trading books, making it harder to dodge capital rules, under proposals published by the Basel Committee on Banking Supervision today.
Lenders would have to give regulators evidence of buying and selling of securities in their trading books and face limits on their ability to shift assets between books under the plan. The risk of credit crunches would also need to be taken into account in calculations of how much cash they should keep in reserve against trading losses.
Source: Bloomberg
OECD annual inflation rate eases to 2.7% in March 2012
May 3, 2012--Consumer prices in the OECD area rose by 2.7% in the year to March 2012, compared with 2.8% in the year to February 2012.
This easing in the annual rate of inflation mainly reflected developments in energy and food where inflation slowed to 6.5% and 3.5% in the year to March, respectively, compared with 7.9% and 3.8% in the year to February. Excluding food and energy, the annual inflation rate was stable at 1.9% in March.
Source: OECD
Inaugural ETP ICONS of the Industry Awards 2012-Fundraiser held at the 8th Annual ETF Global Awards(r) Dinner
May 3, 2012--On April 26, 2012 the Inaugural ETP ICONS ETP Icons of the Industry Awards 2012 were presented following the 8th Annual ETF Global Awards® Dinner.
The ETP Icons of the Industry Awards is an award to recognize those individuals who have left an impression on the industry and have helped promote the development of the ETP marketplace. Over 560 ETP industry votes were cast and eleven winners selected. Winners were selected from a list of nominees whose names were selected by a survey held by Exchangetradedfunds.com
The purpose of the awards is not only to recognize individual contribution to the Global ETP Marketplace, but also to act as a fundraiser for charities. This year, the charity selected to receive the proceeds generated by this event is Habitat for Humanity International. Proceeds were generated by donations or by the purchasing of various award memorabilia.
Source: Exchangetradedfunds.com
Dow Jones Islamic Market Titans 100 Index Closed Down 0.83% In April
Index Measures Performance Of 100 Of World's Leading Shari'ah-Compliant Stocks-Dow Jones Islamic Market Asia/Pacific Titans 25 Index Gain 0.87%- Dow Jones Islamic Market Europe Titans 25 Index Fall 1.14% - Dow Jones Islamic Market U.S. Titans 50 Index Lose 1.01%
May 3, 2012--The Dow Jones Islamic Market Titans 100 Index finished down 0.83% in April according to data compiled by Dow Jones Indexes. The index measures the performance of 100 of the world's leading Shari'ah-compliant stocks.
The Dow Jones Global Titans 50 Index, which measures the world’s 50 largest companies, posted an April loss of 1.57%.
Regionally, the Dow Jones Islamic Market Asia/Pacific Titans 25 Index, which measures the performance of 25 of the leading Shari’ah-compliant stocks in the Asia/Pacific region, gains 0.87% in April; the Dow Jones Asian Titans 50 Index dropped 0.25%.
Source: Mondovisione
US urges China to allow yuan rise
May 3, 2012--US Treasury Secretary Timothy Geithner on Thursday urged China to allow its currency to strengthen further and push forward economic reforms, which he said were crucial to the global recovery.
But his comments at the start of two-day talks between the world's two biggest economies were overshadowed by a human rights row that has threatened already strained relations.
US officials have long accused Beijing of keeping the value of the yuan artificially low to boost exports, leading to a massive Chinese trade surplus with the United States.
Source: FIN24
Global ETF assets to exceed $3.8tn by 2016
May 2, 2012--Assets held in exchange traded funds globally will exceed $3.8tn by 2016, according to a new report by Cerulli Associates.
The report predicts growth will be fuelled by a greater appetite for passive investing, increased adoption of ETFs by financial advisers and advances in ETF education.
Source: FT.com
Dow Jones-UBS Commodity Indexes April 2012 Performance Report
May 2, 2012--The Dow Jones-UBS Commodity Index, was down 0.43% for the month of April. The Dow Jones-UBS Single Commodity Indexes for soybean meal, soybean and lead had the strongest gains with month-end returns of 11.46%, 7.09% and 5.63%, respectively.
The three most significant downside performing single commodity indexes were orange juice, sugar and lean hogs, which ended the month down 13.99%, 11.95%, and 4.95% respectively.
Year to date, the Dow Jones-UBS Commodity Index is up 0.43% with the Dow Jones-UBS Soybean Meal Sub-Index posting the highest gain of 37.37% so far in 2012. Dow Jones-UBS Natural Gas Sub-Index has the most significant downside YTD performance, down 36.73%.
Source: Mondovisione
The Europe Dow Closes April Down 4.14% According To Dow Jones Indexes - Novo Nordisk Topped All 30 Europe Dow Components With 6.66% Gain For The Month
May 2, 2012--The Europe Dow, an equal-weighted index that measures 30 of the region's leading blue-chip stocks, declined 4.14% in April, according to data compiled by Dow Jones Indexes, a leading global index provider.
The index’s top component performer for April was Novo Nordisk A/S Series B of Denmark, which closed up 6.66%. Shares of Diageo PLC (Great Britain) and GlaxoSmithKline PLC (Great Britain), up 4.91% and 3.71%, respectively, were the second- and third-leading stocks on The Europe Dow. UniCredit S.p.A. (Italy), which fell 20.46%, was The Europe Dow’s worst-performing stock in April.
By comparison, the Dow Jones Industrial Average ended April up 0.01%, The Asia Dow fell 1.09% and The Global Dow loss 2.93%. The Asia Dow is an equal-weighted, 30-stock index that measures leading blue-chips traded in the Asia/Pacific region; The Global Dow measures the performance of 150 leading companies from around the world.
Source: Mondovisione
The Asia Dow Finished April Down 1.09% According To Dow Jones Indexes -14 Of The Asia Dow's 30 Component Stocks Closed Month In Positive Territory - Hyundai Motor Co. Topped All With 15.53% Gain For April
May 2, 2012--The Asia Dow, an equal-weighted, 30-stock index that measures 30 of the leading blue-chip stocks traded in the Asia/Pacific region, dropped 1.09% in April, according to data compiled by Dow Jones Indexes, a leading global index provider.
Fourteen of The Asia Dow’s 30 component stocks closed the month in positive territory.
The index’s top performer for April was Hyundai Motor Co. Ltd. of South Korea, which closed up 15.53%. Shares of Samsung Electronics Co. Ltd. (South Korea) and PetroChina Co. Ltd. (China), up 9.30% and 7.19%, respectively, were the second- and third-leading stocks on The Asia Dow. Sony Corp. (Japan), which fell 20.40%, was The Asia Dow’s worst-performing stock in April.
By comparison, the Dow Jones Industrial Average ended April up 0.01%. The Europe Dow fell 4.14% and The Global Dow dropped 2.93%. The Europe Dow is an equal-weighted index that measures 30 of the continent’s leading blue-chip stocks; The Global Dow measures the performance of 150 leading companies from around the world.
Source: Mondovisone
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