|Plus Markets puts itself up for sale-continued|
|February 2, 2012--PLUS Markets (PMK.L), the British stock exchange for small companies, has put itself up for sale after concluding it needed more financial backing to take advantage of opportunities thrown up by forthcoming regulatory and technological changes.|
|"The board has decided to conduct a formal sale process in order to identify appropriate potential partners for the company, or major strategic investors," PLUS said in a statement on Friday.
"The board believes that it is in the best interests of the company to seek a partner which will help it achieve the scale and reach required to maximise value to stakeholders."
|Europe ETP News|
|DB-Synthetic Equity & Index Strategy-Europe Monthly ETF Market Review-Developed Markets Continue to Attract New Money|
|December 9, 2013--Data in this report is as of 29 November 2013|
Global ETP assets rose by $36.4bn last month (+21.1% YTD) and closed the month at an all time high $2.2 trillion. ETP assets across all the regions are at their highest level with 23.5%,11.7% and 23.5% YTD growth for US,Europe and Asia respectively.
|Grace period for trades in foreign securities|
|December 9, 2013--Moscow Exchange announces an introduction of a grace period for trades in shares of foreign issuers and depositary receipts representing them beginning 16 December. The grace period will be in effect through 30 June 2014.|
|Component Changes made to STOXX Balkan 50 Equal Weight|
|December 6, 2013--STOXX Limited, a leading provider of innovative, tradable and global index concepts, today announced component changes in the STOXX Balkan 50 Equal-Weight Index due to an extraordinary review of the index.|
|Deutsche switches ETF tactics in Europe|
|December 6, 2013--Deutsche Asset and Wealth Management has announced major changes to its exchange traded funds operations with a radical shift to its business model.|
|Deutsche Bank swaps ETFs to physical|
|December 6, 2013--Deutsche Bank is switching 18 of its most popular exchange-traded funds from swap-based to physical structures, in response to client demand.|
|Britain to abolish ETF transaction tax to lure funds|
|December 5, 2013--Britain's government is abolishing a transaction tax on shares purchased in exchange traded funds (ETFs) in an attempt to lure financial services activity from rival European centres.|
|November trading volume rises to around EUR 7.7 billion at Boerse Stuttgart|
|December 5, 2013--Growth in trading of debt instruments and equities// Strong demand for derivative investment products
Boerse Stuttgart generated turnover of around EUR 7.7 billion in November 2013, according to its order book statistics. This represents an increase of roughly 1.5 percent by comparison with October.
|BATS Global Markets In November: European Trade Reporting Service Becomes Market Leader|
|1Q14 Close Projected For Direct Edge Merger |
U.S. Equities Market Share Totals 10%, BATS Chi-X Europe Posts Another New Record in Spain
November 4, 2013--BATS Global Markets (BATS) today reports that its pan-European trade reporting service, BXTR, became the industry leader in its first month of operation while BATS Chi-X Europe remained Europe's largest stock market in November.
|SHW AG to be included in SDAX|
|Deutsche Börse reviews index composition/ Changes to be effective on 23 December 2013
December 4, 2013--Deutsche Börse today decided on changes in its selection indices that will become effective on 23 December 2013.
|Council Of The European Union: Permanent Representatives Committee Agrees On Directive Improving Rules For Collective Investment Funds|
|December 4, 2013--EU Permanent Representative Committee (COREPER II) on December 4 in Brussels has confirmed the Member States agreement on the Directive amending the current legislation on the harmonised functioning of collective investment funds and aiming at strengthening investors confidence.|
|Second estimate for the third quarter of 2013-Euro area GDP up by 0.1% and EU28 up by 0.2%|
|-0.4% and +0.1% respectively compared with the third quarter of 2012|
December 4, 2013--GDP rose by 0.1% in the euro area1 (EA17) and by 0.2% in the EU281 during the third quarter of 2013, compared with the previous quarter, according to second estimates2 published by Eurostat, the statistical office of the European Union.
|Boost Trade Idea of the Week-Sterling strength is bearish for FTSE 100, bullish for FTSE 250|
|December 3, 2013--Summary
The profit outlook is weakening for UK large-cap equities. Accordingly, consensus is downgrading the outlook for FTSE 100, while keeping it robust for the FTSE 250.
Overhanging the gloomy sentiment in UK's large-cap equity market is the appreciating sterling and the threat of higher interest rates as the BoE prepares to tighten monetary policy. As large-cap earnings come under pressure, the outlook is bearish for the FTSE 100.
|ESG STRATEGIES OF EUROPEAN ASSET OWNERS-From theory to practice 2013 Survey|
|December 3, 2013--Novethic has questioned more than one hundred European asset owners, each year since 2008, on the integration of Environmental, Social and Governance (ESG) criteria into their asset management.|
|UK platform price war looming|
|December 3, 2013--Midsize asset managers that lack stellar funds are likely to be "profoundly" affected by next year's platform rebate ban in the UK, according to experts.|
|MTS launches RFQ trading for ETFs|
|December 3, 2013--MTS, Europe's premier fixed income trading venue, is to launch Request-for-Quote (RFQ) trading for ETFs via its multi-dealer-to-client MTS BondVision platform. The new service will offer liquidity providers access to a diverse community of global institutional investors.|
|Turnover at Deutsche Boerse's cash markets at 92.9 billion euros in November|
|December 2, 2013--Order book turnover on Xetra, the Frankfurt Stock Exchange and Tradegate stood at €92.9 billion in November (November 2012: €87.9 billion). Of the €92.9 billion, €83.4 billion were attributable to Xetra (November 2012: €80.8 billion). €4.8 billion were attributable to the Frankfurt Stock Exchange (November 2012: €4.4 billion).|
|BlackRock tests appetite for liquid ETF structure|
|December 2, 2013--BlackRock is poised to launch on December 16 its first European-listed exchange-traded product under a new structure that will potentially improve liquidity and slash costs across its $193 billion European ETF empire.|
|The Spanish Stock Exchange traded 67 (euro)bn. in November, up 59% year on year|
|THE SPANISH STOCK EXCHANGE TRADED €67 BILLION IN NOVEMBER, UP 59% YEAR ON YEAR|
December 2, 2013--The number of trades in November was 4.79 million, up 114% on November 2012
In the first 11 months the trading volume totaled €643.3 billion, up 0.24% year on year
Trading in Derivatives in November amounted to 4.66 million contracts, up 45% from November 2012, with a record high in Index Futures
|Component Changes Made to STOXX Blue-Chip Indices|
|Changes are due to fast entry rule
December 2, 2013--STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today announced component changes in the STOXX Asia/Pacific 50 Index due to the fast entry rule.
|Transparency of Retail Distribution Review obscures fees|
|December 1, 2013--After attending 16 press conferences, reading 105 press releases and having arguments with 10 different colleagues on the subject, I am asking myself an important question that many fund managers are also asking: What is the point of the UK's Retail Distribution Review?|
|S&P Dow Jones Indices' Market Attributes-Index Dashboard-Europe|
|November 29, 2013--This month's highlights include:
The dominant themes prevalent throughout 2013 so far were evidenced in November's figures: low volatility, steady gains for the majority of equity indices across countries and sectors; with weaker performance in both emerging equities and commodities.
|Seven new db x-trackers bond index ETFs launched on Xetra|
|ETFs provide access to euro-zone and Japanese bonds |
November 29, 2013--Seven new db x-trackers from the ETF section of Deutsche Asset & Wealth Management have been tradable in the XTF segment on Xetra since Friday.
Three of the seven new bond index ETFs enable investors to participate in the performance of euro-zone government bonds. The iBoxx Sovereigns Eurozone AAA Index tracks the performance of euro-denominated government bonds that are issued by euro-zone governments and have an average rating of AAA. The db x-trackers II iBoxx Sovereigns Eurozone Yield Plus ETF (1D) provides investors with access to euro bonds issued by the five euro-zone countries with the highest yields.
|New ETF on NYSE Euronext|
|November 29, 2013--NYSE Euronext is pleased to announce that iShares has listed one new ETF on NYSE Euronext Amsterdam on 29 November, 2013: |
ETF Symbol: EXXY
Listing date: 29/11/2013
ETF Trading name: iShares Dow Jones-UBS Commodity Swap (DE)
|Lyxor's plans for ETF domination|
|November 28, 2013--Lyxor Asset Management's director Ben Thompson explains the group's plans to gobble up market share in the exchange traded funds (ETF) market.|
|Index Provider MVIS Expands Australian Exposure|
|New Australian benchmark index launches with three different weighting schemes |
November 28, 2013--Market Vectors Index Solutions (MVIS) today announced the introduction of the Market Vectors Australia Index, a pure-play Australian benchmark index that is calculated and distributed as a capped, uncapped and equally weighted index version.
|Economic Sentiment improves in the euro area and the EU|
|November 28, 2013--In November the Economic Sentiment Indicator (ESI) increased by 0.8 points in the euro area (to 98.5) and by 0.4 points in the EU (to 102.1).|
|European ETFs Q3: Recent Trends & Challenges Ahead: from Lipper|
|November 27, 2013--The European ETF market is highly concentrated and this pattern will not change in the foreseeable future, according to Detlef Glow, Lipper's head of EMEA research, in his latest analysis. |
Highlights follow below: Assets under management grew by €32.30bn or 11.43% over the last twelve months (30.09.2012-30.09.2013) up to €282.55bn.
|ECB Financial Stability Review suggests alleviation of financial market tensions, challenges remain|
|November 27, 2013--Stress indicators and euro area fundamentals suggest alleviation of financial market tensions,especially on the banks' funding side.|
However, financial stability conditions remain fragile and euro area adjustment process is incomplete.
Euro area financial stress has remained moderate over the last half year despite bouts of considerable global financial market turbulence, according to the new Financial Stability Review of the European Central Bank (ECB), released today. Indicators measuring systemic stress have fallen back to close to their pre-crisis levels.
|ESMA publishes updated Q&A on ETFs and other UCITS issues|
|November 27, 2013--ESMA has published an updated Questions and Answers (Ref. 2013/1547) concerning the Guidelines on ETFs and other UCITS issues|
|Boost Trade Idea of the Week-Weak yen bullish for Japanese equities, if not spoilt by 'taper delay'|
|November 26, 2013--Summary|
Yen weakness is underpinned by two opposing driving forces: the easing of monetary policy framed around explicit inflation targeting by Japan and the tightening of monetary policy by the Fed as it contemplates pairing back QE.
The widening US interest rate differential, both in real and nominal terms, signals the fundamental driving forces behind the prevailing weakness of JPY/USD.
|SIX strengthens market for structured products in Switzerland|
|November 26, 2013--As of 1 January 2014 the brand identity of the exchange for structured products will be integrated into SIX and the Swiss Exchange business area.|
|Advisers' passive use near 'ceiling': Schroders|
|November 26, 2013--Schroders' managing director for UK intermediary says there is a reduction in number of advisers looking to increase their clients' allocation to passives.|
|DB-Synthetic Equity & Index Strategy-ETF Research - European Weekly ETF Market Review|
|November 26, 2013----The most recent issue of the European Weekly ETF Market Review is now available. The report includes key statistics on the European ETF market as well as global ETF market highlights.|
|STOXX Changes Composition of Indices|
|Results of the Fourth Regular Quarterly Review to be Effective on December 23, 2013|
Novembe 26, 2013--STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today announced the new composition of the STOXX Benchmark and their sub-and sector indices, among them the STOXX Europe 600 Index, STOXX North America 600 Index and STOXX Asia/Pacific 600 Index.
|New SPDR equity index ETF launched on Xetra|
|ETF tracks MSCI World Small Cap Index for the first time |
November 26, 2013--A new exchange-listed equity index fund issued by SPDR (State Street Global Advisors) has been tradable in the XTF segment on Xetra since Tuesday.
ETF name: SPDR MSCI World Small Cap UCITS ETF
Asset class: equity index ETF
Total expense ratio: 0.45 percent
|Equity investors were bullish in October, as Global Short & Leverage ETF/ETP assets up 15% in 2013 to $52bn YTD|
|November 26, 2013--Global S&L AUM remains at around $52bn, up nearly $7bn this year|
Of the $34.4bn in S&L equity ETPs, 59% is long, up from 54% in August. S&L equity inflows totalled $865m in October
Fixed income investors remain unanimously bearish
Commodity ETP investors were bullish on oil and natural gas, while remaining indecisive on gold and silver in October
Trading volume in BOOST ETPs up 5x since start of September with record inflows into a variety of indices and leverage factors
|FCA proposes new rules on dealing commission for investment managers|
|November 25, 2013--The Financial Conduct Authority (FCA) has today proposed improvements to the rules and new guidance over investment managers' use of client commissions.|
|Lyxor ETFs Begin Trading On BATS CHI-X Europe|
|Lyxor Becomes Second ETF Provider to List on BATS Chi-X Europe
November 25, 2013--BATS Chi-X Europe today announced that the Lyxor UCITS ETF MSCI Emerging Markets (Ticker: LEMD) and Lyxor UCITS ETF EURO STOXX 50 (Ticker: MSE) began trading today on BATS Chi-X Europe's Regulated Market.
|Changes In The Rules Of OMX Helsinki 25 Exchange Traded Fund|
|November 25, 2013--The Finnish Financial Supervisory Authority has approved the new rules for the OMX Helsinki 25 Exchange Traded Fund on November 22, 2013. The new rules will be effective starting from January 1, 2014. The new name of the Fund is "Seligson & Co OMX Helsinki 25 Exchange Traded Fund UCITS ETF".|
|Russians see no cause for alarm in crackdown on shadowy banking|
|November 24, 2013--The problems exposed in Russia's banking system by last week's collapse of mid-sized lender Master Bank are deep-rooted, but in contrast with banking failures of the past there was no evidence this time of other banks' customers taking fright.Which might seem surprising, as the collapse has highlighted the difficulty of enforcing regulations against banks with strong political connections, and the widespread use of illegal payments to service Russia's large black economy, analysts said.|
|Unscheduled component changes in MDAX and SDAX|
|November 22, 2013--Deutsche Börse has announced that GSW Immobilien AG will be replaced by SGL Carbon SE in MDAX. Due to the takeover by Deutsche Wohnen AG, the free float of GSW Immobilien AG has dropped below 10 percent, making it ineligible for inclusion in the index.|
|European Equity Markets Continued Positive Trend, Awaiting More Perspective From Draghi & ECB; Market Data and Insight From Russell Indexes and Russell Investments|
|November 22, 2013--As European Central Bank (ECB) President Mario Draghi prepares to deliver the keynote address at the European Banking Congress in Frankfurt on Friday, the European equity markets continued to exhibit strong performance.|
|S&P says Turkish economy stable but risks remain|
|November 22, 2013--Ratings agency Standard & Poor's said on Friday it maintains its earlier stable outlook on the Turkish economy but added that certain risks expose Turkish markets to global shocks.The agency affirmed Turkey's sovereign credit rating of BB+, citing strong growth prospects.|
|BOOST 3x ETPs top trading records in Italy last week|
|November 22, 2013--BOOST ETPs were the most traded ETPs in Italy (on a % per product basis)|
BOOST ETPs traded EUR 4.8m last week with Boost Natural Gas 3x Leverage
Daily ETP trading (3NGL) EUR 3.3m, ranking in the top 10 ETPs in only the 2nd week of trading
BOOST grabbed approximately 6.1% market share in Italy last week by value
|Distribution Technology launches risk index benchmarks|
|Risk-profiling provider creates indices based on "most popular" profiles in deal with Indexx and Goldman Sachs|
November 21, 2013--Distribution Technology (DT) has launched six indices based on its risk profiles, in partnership with index provider Indexx Markets.
|EU reaches outline deal to cap "dark pool" share trading|
|EU lawmaker Ferber expects final MiFID deal by Xmas|
November 21, 2013--The European Union reached an outline deal on Thursday to try to shine a light on shadowy areas of the financial markets by capping off-exchange share trading, known as "dark pools", a senior EU lawmaker said on Thursday.
|Credit Suisse ETF expert joins Deutsche|
|November 20, 2013--Credit Suisse's Keshava Shastry joins Deutsche Bank Asset and Wealth Management in ETP role. Paulina Pielichata reports|
|DB-Synthetic Equity & Index Strategy-ETF Research - European Weekly ETF Market Review|
|November 20, 2013--The most recent issue of the European Weekly ETF Market Review is now available. The report includes key statistics on the European ETF market as well as global ETF market highlights.|
|Gold Benchmarks Said to Be Reviewed in U.K. Rates Probe|
|November 20, 2013--The U.K. Financial Conduct Authority is reviewing gold benchmarks as part of its wider probe of how global rates are set, a person with knowledge of the matter said.|
|Christian Katz, CEO of SIX Swiss Exchange, elected President of the Federation of European Securities Exchanges (FESE)|
|November 20, 2013--Christian Katz, Member of the Group Executive Board of SIX and CEO of SIX Swiss Exchange, was elected as the new President of the Federation of European Securities Exchanges (FESE) on 20th November 2013.|
|Statistics: Forecasts for the UK economy: November 2013|
|November 20, 2013--FORECASTS FOR THE UK ECONOMY This edition of the comparison contains 24 new forecasts, all of which were received between November 1st and November 13th 2013.|
|Euronext attracts potential buyers|
|November 19, 2013--Three exchange companies are considering individual bids for Euronext, the European exchange group set to be spun off after it was acquired last week by IntercontinentalExchange Group, according to people familiar with the discussions.|
|Borsa Italiana: ETF Stat: October 2013|
|November 19, 2013--Highlights|
1 new issuer on ETFplus market: Boost listed 6 triple leveraged ETNs and 2 triple leveraged ETCs
1 new specialist on ETFplus market: Getco which acts as specialist on 8 instruments
In October 11 new ETFs and 8 new ETCs/ETNs were listed bringing to 822 the number of instruments listed on ETFplus market (651 ETFs and 171 ETCs/ETNs)
|Deutsche Borse enhances Xetra market data offering with exclusive real-time analytics|
|November 19, 2013--Deutsche Börse Market Data + Services is introducing exclusive analytics based on raw, unpublished Xetra order book data.|
|Moscow Exchange will migrate to a new format of the Stock market data dissemination on February 17, 2014|
|November 19, 2013--Moscow Exchange would like to announce that it migrates to a new format of the Stock market data dissemination on February 17, 2014. This implies that the only data available for the vendors' clients, using terminals and other products containing the Exchange market data,|
|Net $8.7 bln FDI entered Turkey in first nine months|
|November 19, 2013--Approximately $8.7 billion of net foreign direct investment (FDI) entered Turkey in the first nine months of the year, according to data released by the Ministry of Economy on Tuesday.|
|Boost Trade Idea-Disinflation pressures commodities, feeds equities amidst dovish Fed (tickers 3UKL, 2JAL, 3GOS, 3OIS)|
|November 19, 2013--Disinflation pressures commodities, feeds equities amidst dovish Fed
Janet Yellen's statements in her confirmation hearing before the Senate Banking Committee are dovish. With tapering set to be off the table for at least until the end of the year, the rally in equities may extend itself further out.
|Euro area investment fund statistics|
|November 19, 2013--In September 2013, the amount outstanding of shares/units issued by euro area investment funds other than money market funds was €218 billion higher than one quarter earlier in June 2013. This increase was due almost equally to increases in share/unit prices and to net issues of shares/units.|
|London banks quit carbon trading|
|November 18, 2013--At least 10 London banks have scaled back or closed their carbon trading desks amid turmoil in the European emissions trading scheme.|
|Leveraged exchange-traded funds see strong rise|
|November 18, 2013--The value of leveraged exchange-traded funds globally has risen 24% this year to the end of October, to $23.3 billion, according to leveraged ETF manager Boost.|
|ESMA-Financial institutions must improve financial statement disclosures|
|November 18, 2013-The European Securities and Markets Authority (ESMA) has published a Review of the comparability and quality of disclosures in 2012 IFRS financial statements of listed financial institutions.|
|BATS Chi-X Europe Launches First Listings With iShares ETFs Today|
|Pan-European Listings Venue Now Live With iShares IEEM and MVOL|
November 18, 2013--BATS Chi-X Europe today announced that the iShares MSCI Emerging Markets UCITS ETF (Ticker: IEEM) and the iShares MSCI World Minimum Volatility UCITS ETF (Ticker: MVOL) began trading on BATS Chi-X Europe's Regulated Market.
|Finex launches regulated gold fund ETF|
|European first for cross-listed gold ETF |
November 17, 2013--FinEx ETF has launched Europe's first fully-regulated gold exchange trade fund (ETF).
|STOXX and Eurex Repo extend GC Pooling index family to cover the entire money market yield curve|
|November 16, 2013--STOXX Limited, a leading provider of innovative, tradable and global index concepts, and Eurex Repo, the leading provider for international financing in the secured money market business, today announced the expansion of the STOXX GC Pooling Index family by 14 new indices to cover the full money market yield curve up to twelve months.|
|ESMA Risk Dashboard No.4 2013|
|November 15, 2013--The European Securities and Markets Authority (ESMA) has published its Risk Dashboard No.4 for 2013.|
|Deutsche and Harvest first into European market with RQFII fund|
|November 14, 2013--The first exchange-traded fund (ETF) set up under a scheme in China that awards renminbi investment quotas to Hong Kong asset managers is to be launched in Europe.|
|BATS Chi-X Europe Welcomes Lyxor ETFs|
|Lyxor Becomes Second ETF Provider to List on BATS Chi-X Europe|
Two ETFs to Commence Trading on 25th November 2013
November 14, 2013--BATS Chi-X Europe today announced that Lyxor Asset Management, a leading exchange-traded fund (ETF) provider and subsidiary of Societe Generale Group, will list two ETFs on BATS Chi-X Europe's Regulated Market on Monday 25th November 2013.
|Ossiam surpasses €1bn assets under management|
|November 18, 2013--Ossiamm, the specialist smart beta investment manager and affiliate of Natixis Global Asset Management (NGAM), is proud to announce today that the firm now manages over €1 billion in assets under management.|
|Finansinspektionen Risks in the financial system 2013 report|
|November 14, 2013--The high level of debt among Swedish households poses a risk to individual households and, in the long run, also to financial stability. Finansinspektionen FI currently believes that raising the risk weight floor to 25 per cent would be a sound decision. Major Swedish banks have sufficient resilience to a sharp downturn in the economy, but their considerable dependence on market funding continues to be a risk.|
|Luxembourg grants landmark launch of RQFII fund|
|November 14, 2013--Luxembourg has granted landmark approval for the first renminbi-denominated qualified foreign institutional investor ETF to be launched under the Ucits umbrella.|
|Eurostat-Flash estimate for the third quarter of 2013-Euro area GDP up by 0.1% and EU28 up by 0.2%|
|-0.4% and +0.1% respectively compared with the third quarter of 2012|
November 14, 2013--GDP rose by 0.1% in the euro area1 (EA17) and by 0.2% in the EU281 during the third quarter of 2013, compared with the previous quarter, according to flash estimates2 published by Eurostat, the statistical office of the European Union.
|Boost LevDAX 3x Daily ETP (Ticker: 3DEL) the top performing ETP on the LSE as equities outperform commodities in October|
|November 14, 2013-Boost LevDAX 3x Daily ETP (3DEL) was the best performing ETP listed on the LSE in October, with a 18.3% return Boost EURO STOXX 50 3x Leverage Daily ETP (3EUL) was the 2nd best performing ETP listed on the LSE in October after being the best performer in September|
|Euro area securities issues statistics|
|November 13, 2013--The annual rate of change of the outstanding amount of debt securities issued by euro area residents was -0.5% in September 2013, compared with -0.7% in August.|
|DB-Synthetic Equity & Index Strategy-ETF Research - European Weekly ETF Market Review|
|November 13, 2013----The most recent issue of the European Weekly ETF Market Review is now available. The report includes key statistics on the European ETF market as well as global ETF market highlights.|
|Social media monitoring for the financial markets|
|Using social media sentiment in investment decisions //Identifying signs of market manipulation // EU research project FIRST reaches successful conclusion|
November 13, 2013--Attitudes and opinions expressed in social networks, online forums and blogs are referred to every day to support countless investment decisions.
|Cofunds abandons ETF pilot|
|November 13, 2013--Cofunds has abandoned a pilot service run jointly with Barclays Stockbrokers to offer its advisers access to exchange traded funds and investment trusts.|