Global ETF News Older than One Year
Average Daily Volume of 9.2 Million Contracts at Eurex and ISE in October
November 1, 2010--At the international derivatives markets of Eurex, an average daily volume of 9.2 million contracts was traded in October (October 2009: 10.4 million). Thereof, 6.3 million contracts were traded at Eurex (October 2009: 6.4 million) and 2.9 million contracts were traded at the International Securities Exchange (October 2009: 4.0 million). In total, 193.7 million contracts were traded on both exchanges (October 2009: 228.8 million); thereof, 132.0 million contracts at Eurex and 61.7 million contracts at ISE.
At Eurex, the equity index derivatives segment was the most active segment, totaling 57.7 million contracts (October 2009: 67.4 million). Futures on the EURO STOXX 50 reached 24.6 million contracts and options on this index recorded another 22.5 million contracts. The futures on the DAX index reached a turnover of 2.9 million contracts, the DAX option recorded another 5.7 million contracts.
The Eurex segment of equity-based derivatives (equity options and single stock futures) recorded 28.0 million contracts (October 2009: 29.9 million). Thereof, equity options totaled 24.2 million contracts, single stock futures 3.8 million contracts.
Eurex’s interest rate derivatives segment grew by 4 percent and reached 45.7 million contracts, compared with 44.0 million in October 2009. Approximately 18.7 million contracts were traded in the Euro-Bund-Future, 10.0 million contracts in the Euro-Bobl-Future, 10.4 million contracts in the Euro-Schatz Future and around 78,400 contracts in the Euro-BTP-Future. The Short Term Euro-BTP-Future recorded more than 21,000 contracts.
Source: Eurex
BlackRock ETF Landscape Industry Review, End Q3 2010
October 29, 2010--This report provides an overview of the Exchange Traded Funds (ETFs) and Exchange Traded Products (ETPs) industry through the end of Q3 2010.
At the end of Q3 2010 the global ETF industry had 2,379 ETFs with 5,204 listings, assets of US$1,181.3 Bn from 129 providers on 45 exchanges around the world.
Additionally, there were 878 other Exchange Traded Products (ETPs) with 1,445 listings and assets of US$146.9 Bn from 49 providers on 20 exchanges.
Combined, there were 3,257 products with 6,649 listings, assets of US$1,328.2 Bn from 158 providers on 48 exchanges around the world at the end of Q3 2010.
Source: Global ETF Research & Implementation Strategy Team, BlackRock
IOSCO Publishes Comments Received in Response to Consultation Reports on Issues Pertaining to the Audit of Publicly Listed Companies
October 29, 2010--IOSCO has published the Comments Received in Response to Consultation Reports on Issues Pertaining to the Audit of Publicly Listed Companies.
Source: IOSCO
Post-Crisis, Emerging Market Debt Managers Plan for Challenges Ahead
Despite the success of emerging market debt managers in navigating the financial crisis, challenges remain in the post-crisis environment.
Debt managers from emerging markets cite renewed focus on portfolio risks and importance of appropriate levels of cash reserves as key lessons from the crisis.
In addition to providing additional financing to emerging markets, the World Bank is collaborating with emerging market debt managers and other partners to evaluate lessons learned and sustain progress
October 29, 2010--Debt managers and international financial institutions are in agreement that improved macroeconomic policies and public debt management helped many emerging market countries avoid sovereign debt distress during the recent global financial crisis.
Now that the most acute phase of the crisis has passed, debt managers are taking stock of lessons learned, re-evaluating the landscape for debt management in the post-crisis environment, and ensuring that gains made by emerging markets are sustained.
More than 180 debt managers and representatives from international financial institutions gathered at the World Bank’s Sovereign Debt Management Forum in Washington, D.C., this week to share their experiences and evaluate critical risk management issues going forward.
Source: World Bank
Readout of Meeting Between Treasury Secretary Geithner and European Commissioner Barnier
They reiterated the fact that the United States and the European Union, as the world's two largest economies and financial systems, have a special responsibility to promote and implement stronger global financial standards, reduce further the scope for regulatory arbitrage and work toward greater regulatory convergence and consistency.
They reviewed the progress in implementing the G-20 financial regulatory commitments. In particular, they noted the significant achievements reached on both sides of the Atlantic - in the United States with the enactment of a vast set of financial reforms in the Dodd-Frank Act and in Europe with the approval of several legislative measures and an extensive on-going legislative agenda. They look forward to a productive trans-Atlantic dialogue among their new supervisory structures.
Source: U.S. Department of the Treasury
Washington warns against dependence on China for rare earths
But she welcomed a statement by Beijing on Thursday that it would not use its sway over the market as a bargaining tool with other economies.
China made that announcement after Mrs Clinton decided to visit the country on her prolonged Asian tour. She is due to meet Dai Bingguo, state counsellor for foreign policy, in Hainan Island on Saturday.
Source: FT.com
IMF Regional Outlook Sees Recovery Taking Hold in Caucasus and Central Asia
“The outlook for the region is broadly positive, although in some countries it will take time for per capita disposable income to return to pre-2009 levels,” said Middle East and Central Asia Department Deputy Director David Owen. Sustained growth for energy exporters According to the report, growth in 2010 is expected to be strongest among the region’s oil and gas exporters, with projections ranging from 4½ percent in Azerbaijan to 9½ percent in Turkmenistan. With oil prices expected to remain near $80 per barrel in 2011, these countries should grow at similar rates in 2011. Russia’s upturn helps energy importers Among the oil and gas importers, Armenia and Georgia are forecast to grow at 4 percent and 5½ percent, respectively, in 2010, compared with negative growth in 2009. In Tajikistan, growth is estimated at 5½ percent for 2010—about 2 percentage points higher than in 2009. Buoyed by Russia’s recovery, all three countries are projected to grow at 4–5 percent in 2011. view the report-Regional Economic Outlook-Middle East and Central Asia
Source: IMF
Statistics : Trade deficit increases in second quarter of 2010 -OECD
The value of imported goods rose by 2.1% over the first quarter of 2010, outpacing a 0.8% growth in goods exports and providing the main driver for the deteriorating deficit. The increased deficit in goods was partly offset by an increased trade surplus in services. Exports of services fell by 1.5%, while imports of services were down 2.5% marking the second consecutive quarter that trade in services values have fallen.
Source: OECD
Economy: Increased foreign exchange volatility bound to dampen growth-OECD
view Briefing on Exchange Rate Developments
Source: OECD
October 2010 “Market’s Measure” Preliminary Report - A Monthly Report From Dow Jones Indexes On The Performance Of U.S., European, Asia And Other Global Stock Market Indexes
As of October 26, the Dow Jones Industrial Average rose 3.54% in October, closing at 11169.46. Stock market indexes in Europe, Asia and globally was up in October, according to preliminary monthly figures from global index provider, Dow Jones Indexes. The Dow Jones Industrial Average rose 3.54% in October, closing at 11169.46. Year-to-date, the index is up 7.11%.
The Dow Jones Europe Index rose 4.48% in October to 269.76. So far this year, the index is up 2.09%.
The Dow Jones Asian Titans 50 Index rose 3.19% in October to 136.43. So far this year, the index is up 1.61%.
The Dow Jones Global Titans 50 Index rose 3.65% in October, closing at 170.77 Year-to-date, the index is down -1.66%.
Source: Mondovisione
October 29, 2010--U.S. Treasury Secretary Tim Geithner and European Commissioner Michel Barnier met today and reaffirmed their strong determination to continue cooperating closely in strengthening the global financial system and in promoting and putting in place the G-20 financial reform agenda.
October 28, 2010--Hillary Clinton, US secretary of state, has called for the US and its partners to reduce their dependence on China’s production of so-called rare earths, in some of the most forthright comments on the topic by a senior American official.
October 28, 2010--The economic upturn in the Caucasus and Central Asia is gathering momentum, with growth for the region projected to increase to 5¾ percent in 2010, up from 3½ percent in 2009, the International Monetary Fund (IMF) said in its Regional Economic Outlook for Caucasus and Central Asia (CCA) released in Almaty today. According to the report, fiscal stimuli applied by many governments in the region—together with a favorable external environment—have helped spur the recovery from the global crisis. The report notes that the upturn in Russia’s economy has benefited the region as well, mainly through trade and remittance channels (see chart), as has the rise in hydrocarbon prices
October 27, 2010-- The OECD trade deficit in goods and services with the rest of the world continued deteriorating during the second quarter of 2010, according to new balance of payments data. The deficit was 62.2 $US billion in the second quarter of 2010, after a 37.4 $US billion deficit reported in the first quarter.
October 28, 2010--Foreign exchange intervention is not the most constructive instrument for managing the macro-economic impacts of currency volatility. A new briefing note from the OECD analyses recent swings in individual currencies, assesses the risks posed and makes the case for greater international co-operation.
October 27, 2010--Dow Jones Industrial Average Posts 3.54% Gain in October, European Stocks Gain 4.48%, Asia Rises 3.19% and World Equities Rise by 3.65%
Basic Materials Sector Posts Biggest Gain for October in Europe
Telecommunications Sector Posts Narrowest Gain for October in U.S.
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