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Total trading volume at Eurex Group at 2.64 billion contracts in 2010
Stable average daily volume in 2010 with approximately 10.4 million contracts/ Eurex turnover of almost 122 million contracts in December 2010/ Eurex Repo with strong growth in all markets in 2010
January 3, 2011--The international derivatives markets of Eurex Group ended 2010 with a turnover of approximately 2.64 billion contracts, compared with 2.65 billion in 2009.
The total volume for 2010 splits into 1.9 billion contracts traded at Eurex (2009: 1.7 billion) and 745.2 million contracts traded at the International Securities Exchange (ISE) (2009: 960.2 million). This corresponds to a daily average trading volume of 10.4 million contracts compared with 10.5 million in 2009.
At Eurex, equity index derivatives was the largest segment in 2010 with a total volume of 805.1 million contracts (2009: 797.5 million). Derivatives on the EURO STOXX 50® index were the largest single product with 372.2 million futures and 284.7 million options. The equity derivatives segment (options and single stock futures) saw 511.1 million contracts (2009: 421.3 million). In 2010, the interest rate derivatives segment reached a total of 574.8 million contracts (2009: 465.7 million). The segment dividend derivatives recorded the strongest growth of 78 percent with 4.5 million contracts.
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Source: Eurex
Turnover at Deutsche Börse’s cash market at 1.32 trillion euros in 2010
Turnover at 92.9 billion euros in December/ Number of transactions on Xetra up 39 percent in December
January 3, 2011- In 2010, 1.32 trillion euros were turned over at the cash market of Deutsche Börse. This is an increase of 16 percent compared to 2009 (1.14 trillion euros). With 1.24 trillion euros the fully electronic trading system Xetra accounted for the largest part of this order book turnover (2009: 1.06 trillion euros). 78.8 billion euros were traded on the floor at the Frankfurt Stock Exchange (2009: 77.5 billion euros). All exchanges in Germany turned over 1.48 trillion euros, an increase of 13 percent (2009: 1.31 trillion euros).
In December 2010, 92.9 billion euros were turned over on Xetra and the Frankfurt floor. This order book turnover is up 14 percent compared to December 2009 (81.2 billion euros). Thereof, 86.7 billion euros were traded on Xetra (up 15 percent; December 2009: 75.5 billion euros). 6.2 billion euros were traded on the floor at the Frankfurt Stock Exchange – an increase by 9 percent (December 2009: 5.7 billion euros).
Turnover in German equities on Deutsche Börse’s cash markets amounted to 74.4 billion euros in December, while foreign equities turnover stood at 3.4 billion euros. Xetra and the floor at the Frankfurt Stock Exchange accounted for 97 percent of the transaction volume in German equities on all stock exchanges in Germany. 78 percent of foreign equities traded on stock exchanges in Germany were traded on Xetra and on the floor in Frankfurt.
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Source: Deutsche Börse
Eurozone growth indicator rebounds
January 3, 2011-- The eurozone recovery picked up in December, according to revised estimates on Monday from a closely-watched purchasing managers' index (PMI) survey.
The Markit indicator of industrial and services activity rebounded to 57.1 points in December against 55.3 in November and 54.6 in October.
The December figure was initially given as 56.8 points.
The upward revision leaves the PMI at its best level since April, when the indicator hit a 46-month high.
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Source: EUbusiness
EU hails kickoff for new financial surveillance bodies
January 3, 2011--The European Union hailed the 2011 kickoff this weekend of a series of new post-crisis pan-European watchdogs aimed at tightening regulation of the finance industry.
"Europe is learning from the crisis," said Michel Barnier, the European Commissioner for Internal Markets and Services.
"It is giving itself a new apparatus of surveillance and supervision -- to detect problems early and to act in time."
The bodies include the Frankfurt-based European Systemic Risk Board and a trio of authorities for banks, insurance and stock, respectively based in London, Frankfurt and Paris.
The role of the Frankfurt-based Board, to be headed initially by the European Central Bank chief, is to alert and make recommendations to European Union countries or supervisory authorities whenever it detects threats to financial stability, such as a housing or stock market bubble.
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Source: EUbusiness
China pledges support for troubled Spain economy
January 3, 2011--China is willing to make "positive efforts" to help Spain with its economic recovery, state media on Monday quoted Beijing's ambassador to Madrid as saying, as a top Chinese official prepared for a visit.
Vice Premier Li Keqiang will pay a three-day visit to Spain from Tuesday, for talks likely to touch on Spain's financial woes amid fears of a sovereign debt crisis in Europe, which is China's biggest export market.
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Source: EUbusiness
Government introduces bank levy
January 1, 2011-The Government today introduced a permanent levy on banks’ balance sheets as it believes that banks should make a full and fair contribution in respect of the potential risks they pose on the wider economy.
Once fully in place the levy is expected to raise around £2½ billion of annual revenues. This is in line with the Budget estimates.
The levy is intended to encourage banks to move to less risky funding profiles, and the £2½ billion is a fair contribution in respect of the risks the banking system poses to the wider economy, while ensuring that the industry remains competitive.
The rate for 2011 will be 0.05 per cent, and it will rise to 0.075 per cent from 2012 onwards.
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Source: HM Treasury
At midnight Estonia will adopt the euro
December 31, 2011--The European Union hailed Estonia’s imminent adoption of the euro as a symbolic boost for a currency that has just suffered the worst crisis in its 12-year history.
European Commission President Jose Manuel Barroso said Friday that Estonia’s changeover from the kroon to the euro at midnight would boost the small Baltic nation’s economy and send a powerful message to all EU members.
“It is a strong signal of the attraction and stability that the euro brings to member states of the European Union,” Barroso said in Brussels.
At the stroke of midnight, Estonia will adopt the euro — a final step in the Baltic state’s dogged effort to become the 17th member of the eurozone and to integrate its economy with Europe. It is the first former Soviet republic to join the single currency club.
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Source: The Star
Major listings boost LSE
December 29, 2010--Funding for initial public offerings on the London Stock Exchange (LSE) soared by nearly 600% in 2010 compared with the previous year, it said on Wednesday.
The IPOs, including from India's Essar Energy and African Barrick Gold, raised a total of £10.1bn. That compared with just £1.5bn in 2009, the LSE said.
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Source: FIN24
European bond market faces another volatile year
December 29, 2010--The European bond market is heading for another turbulent year in 2011, with investors groping for direction in the face of an uncertain US recovery and a stubborn debt crisis in the eurozone.
In 2010 bonds for the first time lost some of their attraction as a safe option, with investors shunning part of the market, according to bond strategist Patrick Jacq of BNP Paribas bank.
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Source: EUbusiness
ETF Landscape: European STOXX 600 Sector ETF Net Flows for Week Ending 24-Dec-10
December 29, 2010--For the week ending 24 December 2010, there were US$325.2 Mn net outflows from STOXX Europe 600 sector ETFs. The largest sector ETF net outflows last week were in banks with US$108.8 Mn followed by basic resources with US$91.0 Mn net outflows while automobiles and parts experienced net inflows of US$49.3 Mn.
Year-to-date, STOXX Europe 600 sector ETFs have seen US$174.0 Mn net outflows. Basic resources have seen the largest net outflows with US$232.3 Mn, followed by food and beverage with US$183.0 Mn net outflows while personal and household goods have experienced the largest net inflows with US$118.6 Mn.
As of 24 December 2010, there is US$9.5 Bn AUM invested in the STOXX sector ETFs which is more than double the US$3.8 Bn open interest in the sector futures. The ETF AUM is greater than the open interest in the corresponding futures contract in all 19 sectors.
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Source: Global ETF Research & Implementation Strategy Team, BlackRock
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