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Broker Newedge opens first India office
November 16, 2009 - Newedge, a global leader in multi-asset brokerage, today announced the launch of Newedge Broker India Private Limited, a securities company based in Mumbai.
The company is focused on providing financial derivatives and cash equities to institutional foreign investors. Newedge Broker India Private Limited employs 20 staff and holds membership and licenses to trade on the NSE (National Stock Exchange of India) and BSE (Bombay Stock Exchange).
"The new entity brings to India a separate and distinct brand which is recognized globally as a leader in the broking industry. The change in structure is significant and provides a platform for further expansion in India," said Jerome Burban, Managing Director of Newedge India Broker Ltd.
Burban said the company is eager to expand its foreign client base while increasing exposure to domestic institutional clients. Another area of potential growth is through the introduction of commodity products, which is aimed at capitalizing on rising interest in India, he added.
Newedge has identified India, alongside China, as a priority for expansion as the company continues to grow its business. Expectations for additional growth are backed by the rise in volumes on India's financial markets. The NSE ranked number 8 in the Top Derivatives Exchanges in 2008, with two of its contracts in the top 10 among Equity Index Futures and Options.
"The establishment of an India entity is a proud achievement and a logical step for a global company such as Newedge looking to reinforce its position as one of the world's biggest futures brokers," said Patrice Blanc, Chief Executive Officer of Newedge. "Our operations in India will prove important for all our clients as they can benefit from our mix of local knowledge, market expertise and proximity to the exchanges and regulators."
Source: New Edge
India: Mutual funds to trade on stock exchanges
November 13, 2009--Soon you will be able to buy mutual fund products from registered brokers, just as you do stocks and shares.
The Securities and Exchange Board of India (SEBI) on Friday said mutual funds could also be traded on stock exchange terminals, and the units held in dematerialised form.
“Units of mutual fund schemes may be transacted through registered stock brokers of recognised stock exchanges. Such
brokers will be eligible to be considered as official points of acceptance,” the regulator said.
SEBI said this was aimed at extending the reach of mutual funds to rural areas, small towns.
Source: India Business
Fixed income funds take the lead in October
November 12, 2009--Fixed income funds saw the largest net inflows among all fund categories in October.
Fixed income funds saw inflows of Rs 1,51,271 crore, pushing the total net inflows of domestic mutual funds to Rs 1,41,291 crore. In October last year, the fixed income category had witnessed net outflows of Rs 52,820 crore.
“This is mainly due to the institutional money which slipped out of the system in September and came back in October,” said a manager of a fixed income fund.
The inflows were mainly in ultra short-term funds, said another manager.
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Source: Business Standard
DB Index Research -- Weekly ETF Reports -- Asia-Pacific
November 11, 2009--Highlights
Market Overview
There are 190 equity based ETFs in the Asia Pacific region with 249 listings across 12 countries and 15 exchanges. Japan has the largest market share by AUM accounting for 40.45% of the whole market, whilst China has the largest market share by turnover with 46.89%.
There were three new listings in the last week. CCB Principal Asset Management Co Ltd listed 1 new ETF on the Shanghai Stock Exchange. Hyundai Investments listed 1 new commodity based ETF and Samsung Investment Trust Mg listed 1 new ETF on the Korean Stock Exchange.
Turnover
Monthly average daily turnover rose 15% in the last week. Turnover for the previous week was USD 1027m. The largest ETF by turnover was the China 50 ETF issued by China Asset Management with USD 270m accounting for 26.3% of total turnover.
Assets Under Management
AUM rose 2.6% in the previous week. AUM as of Nov 9th were USD 60.5bn. The largest ETF by AUM is the iShares Asia Trust - iShares FTSE/Xinhua A50 China Tracker, managed by BGI, with AUM of USD 6.6bn.
To request a copy of the report click here
Source: Aram Flores and Shan Lan -DB Index Research
Gold underlying Indian ETFs jumped 25.7% year on year
November 11, 2009--India's gold collection under exchange-traded funds rose 25.7% on year to 7.049 tonnes in October, when the yellow metal touched new record highs, data from the funds showed.
Gold futures on the continuation chart on the Multi Commodity Exchange made three record highs in October, before hitting a fresh all-time high of 16,703 rupees on Monday.
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Source: MineWeb
Bursa Malaysia Introduces Direct Market Access For Equities Market To Enhance Trading Efficiency And Accessibility
November 9, 2009--Bursa Malaysia today introduced Direct Market Access (DMA) for the equities market which
is aimed to enhance trading efficiency and accessibility for market participants. With this, the
Exchange will be providing a complete DMA infrastructure for both the equities and derivatives markets. The DMA for derivatives market was successfully launched in April
2008.
Bursa Malaysia Berhad’s Chief Executive Officer, Dato’ Yusli Mohamed Yusoff said, “DMA is
a critical component for Bursa Malaysia to remain competitive in the global investment
arena. We are committed to investing in the right technologies to promote market
accessibility and liquidity, as well as increased trading efficiencies. This will enable us to
meet the requirement for growth and alignment with international trading practices.”
“We are confident that similar to our experience with DMA derivatives, DMA equities will
attract new segment of trading participation given its increased accessibility and low latency.
Market participants will also be able to enjoy greater connectivity and more control of their
orders via the DMA infrastructure for equities market,” he added.
The benefits of DMA:
• It is a ‘zero-touch electronic trading’ solution which enables investors to route orders directly to the Exchange for immediate execution.
• It will significantly reduce the time for orders to be sent and matched from the previous average of three (3) seconds per transaction to a fraction of a second.
• It has the ability to support algorithmic and block trading which allows institutional investors greater control through using pre-determined order conditions.
• It provides greater access to international investors as Bursa Malaysia allows
‘Sponsored Access’ for institutional investors.
• It enables market participants to connect their own trading front-end to the Financial
Information Exchange (FIX) DMA Gateway.
• It allows market participants to install their own servers in the Exchange’s data centre
through the co-location hosting service where faster order management can be
processed and lower latency when trading.
For further information and details on DMA Equities, please contact Bursa Malaysia via
email at DMA@bursamalaysia.com.
Source: Bursa Malaysia
ICICI Bank chief sees better times ahead
November 9, 2009--ICICI Bank expects its balance sheet to grow this quarter after 12 months of contractions in a sign that the bank is turning the corner following the global economic crisis.
Chanda Kochhar, chief executive of India’s largest private sector financial institution, said it was still shrinking its unsecured retail portfolio. But its other segments were starting to show strong growth, indicating the wider economy was picking up speed.
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Source: FT.com
ICICI Bank chief sees better times ahead
November 9, 2009--ICICI Bank expects its balance sheet to grow this quarter after 12 months of contractions in a sign that the bank is turning the corner following the global economic crisis.
Chanda Kochhar, chief executive of India’s largest private sector financial institution, said it was still shrinking its unsecured retail portfolio. But its other segments were starting to show strong growth, indicating the wider economy was picking up speed.
read more
Source: FT.com
ETF linked to Indian stocks to be listed on November 26 NEXT FUNDS S&P CNX Nifty Linked Exchange Traded Fund
November 6, 2009--Today, the Tokyo Stock Exchange approved the listing of the "NEXT FUNDS S&P CNX Nifty Linked Exchange Traded Fund" managed by Nomura Asset Management Co., Ltd.. The ETF is planned to be listed on Thursday, November 26, 2009.
This is the first ETF linked to Indian stocks to be listed on markets in Japan. The "S&P CNX Nifty Index" to which the ETF is linked is comprised of the 50 premier issues of the National Stock Exchange of India.
| Code | 1678 (ISIN JP3047100007) |
|---|---|
| Name | NEXT FUNDS S&P CNX Nifty Linked Exchange Traded Fund |
| Fund Administrator | Nomura Asset Management |
| Listing Date | November 26, 2009 |
| Trading Unit | 100 units |
| Underlying Index | S&P CNX Nifty Index |
TSE entered into a memorandum of understanding with the National Stock Exchange of India on October 15, 2006. Through this ETF, TSE hopes to supply investors with better access to the Indian securities market and contribute to the development of the markets in both of our countries.
With this listing there will be a total of 69 ETFs listed on the Tokyo market, bringing us closer to the goal of 100 listed ETFs by fiscal year 2010, as laid out in the Medium-Term Management Plan. TSE will continue working to
Source: Tokyo Stock Exchange (TSE)
Revamp of the Index Report: Tokyo Stock Exchange
November 6, 2009-The Tokyo Stock Exchange publishes Index Reports which show weekly and monthly index trends.
The contents of this Index Report have undergone an extensive revision as follows.
Features of the new Index Report
New additions:
TOPIX Style Index Series (calculation began in February 2009)
Tokyo Stock Exchange Composite Index Series (calculation began in February 2009)
TOPIX-17 Series (also used in ETFs)
Clear index trends with a graph indicating index gain/loss in percentages
Brief summary of index performance, etc. at the top of every report
Easy understanding of market movements with publication of TOPIX historical volatility
Gain an insight into weekly and monthly TSE market
Index Reports are located on the TSE website at the following pages.
Index Report / Total Return Index (English)
Index Report / Total Return Index (Japanese)
Source: Tokyo Stock Exchange (TSE)
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