Global ETF News Older than One Year
Gold price breaks through USD1,200/oz threshold
December 4, 2009-The spot gold price set a new record of USD1,217 per ounce in early London trade today as the US Dollar Index fell to its lowest level since early August 2008.
The price of gold has surged 25 per cent in the three months to 1 December 2009.
Gold denominated in JPY, CHF, EUR, GBP and AUD have also seen returns of between 15 per cent and 22 per cent over the same period.
Source: ETF Express
Commodity Futures Trading Commission’s Global Markets Advisory Committee to Meet December 9, 2009
Committee to discuss global financial regulatory reform and bankruptcy issues.
December 9, 2009--The Commodity Futures Trading Commission (CFTC) will convene a meeting of its Global Markets Advisory Committee (GMAC) on Wednesday, December 9, 2009, to obtain the views of futures industry professionals and market participants on global financial regulatory reform and bankruptcy issues.
The Committee is comprised of individuals representing various U.S. and foreign exchanges, self-regulatory organizations, intermediaries, market users and traders, with extensive experience and expertise involving global futures markets issues. The Committee will also host David Wright from the European Commission to discuss issues of mutual importance to U.S. and European policy makers.
This will be the second meeting of the Committee under the leadership of Commissioner Jill E. Sommers, who the Commission appointed to chair the GMAC in February, 2008. “The Commission is very honored to be hosting Mr. Wright and hopes for a productive meeting involving many current issues of global importance,” said Commissioner Sommers.
The meeting is open to the public. The meeting will also be webcast via the internet and audio of the meeting will be available via a listen-only conference call.
What:Global Markets Advisory Committee meeting
Location: CFTC Headquarters lobby-level Hearing Room 1155 21st Street, NW, Washington, DC 20581
Date: December 9, 2009
Time: 1:00 p.m. – 5:00 p.m.
Viewing/Listening Information: The CFTC has made available the following options to access the meeting:
1. Watch a live broadcast of the meeting via webcast on www.cftc.gov.
2. Call in to a toll-free telephone line to connect to a live audio feed.
Call-in participants should be prepared to provide their first name, last name, and affiliation. Conference call information is listed below:
Domestic Toll Free: (866) 312-4390 International Toll: (404) 537-3379 The conference ID: 44518157 Call leader name: GMAC
Source: CFTC.gov
Component Changes Made To Dow Jones Islamic Market Malaysia Titans 25 Index
December 3, 2009--Dow Jones Indexes, a leading global index provider, today announced that Sarawak Energy Bhd (Malaysia, Utilities, 2356.KU) will be removed from the Dow Jones Islamic Market Malaysia Titans 25 Index.
Sarawak Energy Bhd (Malaysia, Utilities, 2356.KU) will be replaced by Maxis Bhd (Malaysia, Telecommunications, 6012.KU) in the Dow Jones Islamic Market Malaysia Titans 25 Index.
Sarawak Energy Bhd is being removed due to its acquisition by Delegateam Sdn Bhd (noncomponent). All changes will be effective before the open of trading on Wednesday, December 9, 2009.
The Dow Jones Islamic Market Malaysia Titans 25 Index measures the performance of the top 25 stocks in the Dow Jones Islamic Market Malaysia Index, which comprises Malaysia-domiciled companies that pass rules-based screens for Shari'ah compliance.
Further information on the Dow Jones Islamic Market Malaysia Titans 25 Index can be found at http://www.djindexes.com.
Company additions to and deletions from the Dow Jones Islamic Market Malaysia Titans 25 Index do not in any way reflect an opinion on the investment merits of the company.
Source: Dow Jones Indexes
IMF Aims at Building Stronger Post-Crisis Global Economy and International Monetary System
December 3, 2009--The International Monetary Fund (IMF) will continue to help bolster the nascent global economic recovery and build a stronger post-crisis world economy through its policy advice and by advancing the objectives for reform of the four Istanbul decisions: the Fund’s mandate; its financing role; multilateral surveillance; and governance.
The work program discussed by the Fund's Executive Board, as outlined below, aims to achieve these objectives.
“While the Fund has been able to meet the crisis with a range of innovative responses, the formal mandate of the Fund may not fully capture what is now expected of an effective guardian of global macro-financial stability,” IMF Managing Director Dominique Strauss Kahn told the Executive Board during discussion of the Work Program. “This work program is ambitious and achievable and, in any event, necessary. The Fund’s ability to deliver the demanding tasks assigned to it has been a key to its ability to help countries address the crisis and we must keep up the momentum.”
View the Statement by the Managing Director on the Work Program of the Executive Board
Source: IMF
Average Daily Volume of 9.4 Million Contracts at Eurex and ISE in November
December 2, 2009--At the international derivatives markets of Eurex, an average daily volume of 9.4 million contracts was traded in November 2009; y-o-y the figure was 10.4 million. This year’s figure splits into 6.3 million contracts traded at Eurex (Nov 2008: 7.0 million) and 3.1 million contracts were traded at the International Securities Exchange (ISE) (Nov 2008: 3.4 million). In November, a total of 193.0 million contracts were traded on both exchanges, thereof Eurex with 131.9 million and ISE with 61.1 million, compared with 140.5 million contracts at Eurex and 65.2 million at ISE y-o-y. In the previous month October 2009, Eurex had 141.6 million contracts, ISE another 87.2 million.
At Eurex, the equity index derivatives segment recorded the highest turnover, totaling 64.0 million contracts, compared with 79.7 million y-o-y. Thereof, 25.2 million contracts were traded in the Dow Jones EURO STOXX 50® index future and 24.1 million contracts in the Dow Jones EURO STOXX 50 index option. Strong demand was observed in the DAX® index option with 9.7 million contracts, the DAX-Future totaled 3.2 million contracts. Trading volume in equity derivatives (equity options and single stock futures) grew and accounted for 29.1 million contracts (Nov 2008: 26.4 million), thereof equity options with 25.3 million and single stock futures with 3.8 million contracts.
The interest rate derivatives segment grew by 12 percent and reached 38.5 million contracts compared with 34.3 million y-o-y. The Euro Bund Future totaled 15.3 million contracts, the Euro Bobl Future 8.7 million contracts and the Euro Schatz Future 10.7 million contracts. The Euro BTP future totaled more than 77,000 contracts, a similar level like in October 2009.
Eurex Repo, which operates CHF- and EUR repo markets, grew slightly and accounted an average outstanding volume of €149.2 billion (Nov 2008: €144.1 billion). The secured money market segment GC Pooling continued to grow with a rate of 60 percent y-o-y, average outstanding volume reached €80.4 billion (Nov 2008: €50.2 billion). The whole EUR Repo segment grew by 26 percent and totaled €103.3 billion (Nov 2008: €81.8 billion).
The electronic trading platform Eurex Bonds, which rounds out Eurex’s fixed-income product range, saw a volume of €9.2 billion (single counted) in November, compared with €7.8 billion in November last year (an increase of 18 percent) and €7.0 billion in October 2009 (an increase of 31 percent).
Source: Eurex
BATS EXCHANGE REPORTS 9.6% NOVEMBER MARKET SHARE
BATS;EUROPE SETS ANOTHER RECORD
December 1, 2009--– BATS Global Markets, an innovative global
financial markets technology company, reports that BATS Exchange earned 9.6% US matched market
share in November on its single trading platform, while BATS Europe set a new record in the European
market overall with 3.8% for the month.
The fast-growing BATS Europe MTF also recorded a new market share record for the month in the FTSE 250 index with 5.4% while maintaining strong FTSE 100 market share with 7.8%.
“We are very pleased with BATS’ global growth and remain committed to meeting the trading needs of our customers as we prepare to launch two new trading platforms in the first half of 2010,” said Joe Ratterman, CEO of BATS Exchange and BATS Global Markets.
Source: BATS
Thirty financial groups on systemic risk list
November 30, 20009--Thirty global financial institutions make up a list that regulators are earmarking for cross-border supervision exercises, the Financial Times has learnt.
The list includes six insurance companies – Axa, Aegon, Allianz, Aviva, Zurich and Swiss Re – which sit alongside 24 banks from the UK, continental Europe, North America and Japan.
The list has been drawn up by regulators under the auspices of the Financial Stability Board, in an effort to pre-empt systemic risks from spreading around the world in any future financial crisis
Source: FT.com
FTSE Group Enhances Real Time Index Calculation Service
November 30, 2009--FTSE Group, the award winning global index provider, today announces that it has enhanced its real time index calculation service on select FTSE blue chip indices with corresponding real time total return indices (TRI), which are now available on a streaming, intra-second basis through real-time market data vendors and other trading platforms.
With the launch of the enhanced real time service, FTSE now provides users access to the fastest index calculations and the broadest range of real time total return index data. The enhanced service includes 88 streaming FTSE blue chip indices including the widely tracked FTSE 100, FTSE MIB, FTSE/Xinhua China 25 and FTSE/Xinhua A50. Prior to this enhancement, FTSE real time indices were updated every 15 seconds and TRI values were available only on an end-of-day basis.
FTSE’s real time, streaming indices provide a better reflection of market activity when trading underlying derivatives, ETFs and stocks in a FTSE index, and the ability to respond to market events more rapidly. Real time TRI values allow investor to make intra-day valuations of their index portfolios.
Source: FTSE
Dubai Debt Payment Concern Spurs Surge in Global Credit Risk
Novembr 27, 2009--Dubai’s attempts to delay debt repayments spurred an increase in the cost of insuring government and company bonds from default around the world and may curb lending throughout the Persian Gulf.
The cost to protect U.S. corporate bonds from default rose to the highest in almost a month, trading in a benchmark credit derivatives index shows. Credit-default swaps on Dubai’s sovereign debt surged 106 basis points to 646.6, up from 304 basis points on Nov. 19, according to CMA DataVision. Contracts on governments from Abu Dhabi to Qatar, Malaysia and South Korea also increased.
U.S. and emerging market stocks slumped and commodities dropped the most since July after Dubai World, the government investment company burdened by $59 billion of liabilities, surprised the market by asking for a “standstill” agreement from creditors on Nov. 25. Its debt includes $3.52 billion of bonds due Dec. 14 from property unit Nakheel PJSC.
Source: Bloomberg
S&P to clarify rankings on capital strength
November 24, 2009--Standard & Poor’s acknowledged on Tuesday that a new ranking of banks’ capital strength, which had sparked concerns over lower-ranked institutions such as UBS and Citigroup, might have been misleading.
The ratings agency published a study this week ranking 45 of the world’s leading financial institutions by a new risk-adjusted capital (RAC) ratio designed to better capture balance sheet strength.
Source: FT.com
