Exchange-Traded Funds Targeted in EU Shadow-Bank Clampdown-continued

March 19, 2012--Exchange-traded funds may face tougher regulation of derivatives trades as part of a European Union clampdown on so-called shadow banks that could pose a threat to the region’s financial system.
The European Commission said today that it is examining potential “conflicts of interest” affecting ETFs, a type of fund that tracks an index and whose shares are publicly traded. The regulator is also reviewing whether banks and other financial firms are using so-called repurchase agreements, or repos, to build up excessive levels of debt.

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Source: Bloomberg BusinessWeek

Europe ETP News
Moody's downgrades 15 tranches in 11 Russian RMBS transactions
Actions follow the lowering of Russia's local-currency bond ceiling; 3 tranches in one RMBS transaction placed on review for downgrade
January 23, 2015--Moody's Investors Service has today downgraded 15 tranches in 11 transactions and placed on review for downgrade three tranches in one transaction, Russian Mortgage Backed Securities 2006-1 S.A.
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Eurozone economy picks up in January: survey
January 23, 2015--Eurozone business activity picked up to a five-month high in January, a key survey showed Friday, just the day after the European Central Bank announced a 1.0-trillion-euro economic stimulus package.
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iShares launches Eurozone and US bond ETFs on Xetra
January 22, 2015--iShares, BlackRock's ETF product range, has launched two new Ucits compliant ETFs providing exposure to long-term euro-zone and US government bonds on Deutsche Börse's securities trading platform Xetra.
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Mario Draghi announces €1.1 trillion quantitative easing programme
Stimulus package will include sovereign debt purchases to buoy the Eurozone
January 22, 2015--European Central Bank (ECB) president Mario Draghi unveiled bigger-than-expected quantitative easing measures on Thursday but still faced a fierce fight from Germany over any policy that could mutualise debt in the eurozone.
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The rise of the 'robo adviser'
January 21, 2015--These online investment services, which usually construct portfolios using ETFs,
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Statistics: Forecasts for the UK economy: January 2015
January 21, 2015--A comparison of independent forecasts for the UK economy in January 2015.
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MarketAxess and BlackRock Expand Strategic Trading Alliance into Europe
January 20, 2015--MarketAxess Holdings Inc. and BlackRock, Inc. are expanding their Open TradingTM alliance into the European credit markets.
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Four Smart Beta iShares ETFs launched on Xetra
ETFs offer access to MSCI Europe strategy index family
January 20, 2015--Four new iShares equity index ETFs from BlackRock's product offering have been tradable in Deutsche Börse's XTF segment on Xetra since Tuesday.
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Two new Amundi bond index ETFs launched in XTF segment on Xetra
Two new exchange-listed bond index funds issued by Amundi have been tradable in Deutsche Börse's XTF segment since Tuesday.
Name: Amundi Govt Bond Lowest Rated EuroMTS Investment Grade 1-3 UCITS ETF
Asset class: bond ETF
ISIN: FR0011807015
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Source R Equal-Risk European Equity UCITS ETF launched on Xetra
ETF uses risk-pbased index strategy for the largest European stock companies
January 20, 2015--A new equity index fund from the ETF offering issued by Source has been tradable in the XTF segment on Xetra since Monday.
ETF name: Source R Equal-Risk European Equity UCITS ETF
Asset class: equity index ETF
ISIN: DE000A12D253
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WisdomTree Launches ETF Platform in Italy with Six UCITS Smart Beta ETFs on the Borsa Italiana
January 20, 2015--Leading Provider of Smart Beta ETFs Lists Six Dividend-Weighted Funds
WisdomTree Europe Equity Income UCITS ETF (EEI)
WisdomTree Europe SmallCap Dividend UCITS ETF (DFE)
WisdomTree US Equity Income UCITS ETF (DHS)
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ECB compromises with Germany over QE programme: FT
January 19, 2015--The European Central Bank (ECB) will next week announce plans to directly buy government bonds, creating new money to fight off possible deflation despite German objections, according to Saturday's FT.
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Nomura launches US Dollar and Euro-hedged Nikkei 225 ETFs
January 19, 2015--Nomura, Asia's global investment bank, today launched the "Nomura Nikkei 225 Euro-Hedged UCITS Exchange Traded Fund" and the "Nomura Nikkei 225 US Dollar-Hedged UCITS Exchange Traded Fund".
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ECB compromises with Germany over QE programme: FT
January 17, 2015--The European Central Bank (ECB) will next week announce plans to directly buy government bonds, creating new money to fight off possible deflation despite German objections, according to Saturday's FT.
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Banks and fund managers plan new European equity venue
December 17, 2014--A consortium of investment banks and fund managers are working on a new not-for-profit equity trading venue in Europe that would also sponsor academic research to improve trading in the region.
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EU moves toward higher transparency of research payments
January 15, 2015--EU regulators are moving forward with proposals to separate payments for research from dealing commissions via the revised Markets in Financial Instruments Directive.
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ESMA Working Paper-Real-world and risk-neutral probabilities in the regulation on the transparency of structured products
January 15, 2014--Summary
The price of derivatives (and hence of structured products) can be calculated as the discounted value of expected future payoffs, assuming standard hypotheses on frictionless and complete markets and on the type of stochastic processes for the price of the underlying.
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Unscheduled free float adjustment in SDAX
January 15, 2105--Deutsche Börse AG has announced an unscheduled adjustment to the free float of VTG AG in SDAX.
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Unscheduled component changes SDAX: Hella KGaA Hueck & Co will replace C.A.T. Oil
January 14, 2015--Deutsche Börse has announced that C.A.T. Oil AG will be replaced by Hella KGaA Hueck & Co. in SDAX.
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iShares MSCI Target US Real Estate UCITS ETF launched on Xetra
ETF provides liquid access to the performance of US real estate
January 14, 2015--A new iShares mixed fund ETF from BlackRock's product offering has been tradable in Deutsche Börse's XTF segment on Xetra since Wednesday.
ETF name: iShares MSCI Target US Real Estate UCITS ETF
Asset class: mixed fund ETF
ISIN: DE000A12HP18
Total expense ratio: 0.40 percent p.a.
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Source offers some of the lowest management fees in Europe ETFs/ETPs
January 14, 2015-Source, an investment firm and a leading provider of Exchange Traded Products (ETPs), offers some of the most competitively priced core ETP exposure including S&P500 and Eurostoxx 50 at 5bps p.a. MSCI Europe at 20bp p.a. and Physical Gold at 29bp p.a.
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Smaller iShares role in BlackRock's Europe sales
January 14, 2015--BlackRock's exchange traded funds are accounting for a smaller proportion of the company's European-domiciled product net sales than they previously did, according to Lipper.
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Lyxor teams up with boutique firm for Alt Ucits fund launch
January 13, 2015--French group Lyxor Asset Management has strengthened its Alternative Ucits fund range with the launch of a global emerging market long/short equity fund.
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Euronext launches options on ETFs in Amsterdam
New option products offer investors an alternative low cost way of investing in broad indices
January 13, 2015--Euronext, the leading exchange in the Eurozone, today announced the launch of options on six iShares ETFs on its highly successful and innovative Amsterdam derivatives market.
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The European Fund for Strategic Investment: Questions and Answers
January 13, 2015--1.What did the Commission propose today, what are the elements of the proposal?
The European Commission adopted the legislative proposal to put in place the European Fund for Strategic Investments, which is at the very heart of President Juncker's €315 billion Investment Offensive.
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ETFGI Press Release December 2014: Europe
January 12, 2015--The European ETF/ETP industry gathered a record level of 62 billion US dollars in net new assets in 2014 according to research by ETFGI
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New ETF offers first time access to robotics
January 12, 2015--A new equity index fund from the ETF Securities product family has been tradable in Deutsche Börse's XTF segment since Monday.
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Three new db x-trackers bond index ETFs launched on Xetra
ETFs provide access to high yield corporate bonds
January 12, 2015--Three new db x-trackers from the ETF section of Deutsche Asset & Wealth Management have been tradable in the XTF segment on Xetra since Monday.
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HM Treasury-national statistics: GDP deflators at market prices, and money GDP: December 2014
January 12, 2015--A series for the GDP deflator in index form is produced by the Treasury from data provided by the Office for National Statistics (ONS) and the Office for Budget Responsibility (OBR).
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London Stock Exchange ETF & ETP 2015 Annual Update
January 12, 2015--ETF & ETP Annual Update-January 2015
ETF record year
Total on-exchange value traded for ETFs in 2014 was £169.7 billion (2 million trades), up by 24% compared to last year
ETPs in Europe gathered $60.8 billion AUM in 2014, triple the amount last year
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ECB looking at risk-sharing mix for QE plan
January 9, 2015--The European Central Bank is considering a hybrid approach to government bond purchases which would combine the ECB buying debt with risk sharing across the euro zone and, in a nod to German qualms, separate purchases by national central banks.
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ECB examines different bond purchases models: report
January 9, 2015--European Central Bank staff have presented its governing council with various models for a new asset purchase programme to ward off deflation in the euro area, Bloomberg reported on Friday.
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MiFID lowers swaps liquidity bar
January 9, 2015--For the European derivatives market, 2015 is set to be the year in which the final pieces of the regulatory jigsaw are finally put in place, comprising rules on electronic trading, transparency and margin, as well as the implementation of central clearing for standardised swaps.
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ESMA publishes updates to Q&As on the AIFMD and the guidelines on ETFs and other UCITS issues
January 9, 2015--The 2 Q&As published today contain updated questions and answers on the application of the AIFMD (page 16) and of the guidelines on ETFs and other UCITS issues (page 7).
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BOOST launches Europe's first 3x Leverage Fixed Income ETPs on Borsa Italiana
Europe's first range of 3x Leverage Fixed Income ETPs listed
Italy's first ever BTP 10Y, 10Y US Treasuries and Bund 10Y 3x leverage ETPs BOOST's Short and Leverage ETPs approx. 28% of ETP & ETC market share in Italy (1)<
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Barclays 'bad bank' chief Bommensath to quit at end-January
January 8, 2015--British bank Barclays Plc's (BARC.L) said its "bad bank" business head Eric Bommensath will leave at the end of this month after 17 years at the bank.
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Short and Leverage ETP demand continues, while past misconceptions shown to be overblown
January 7, 2015--WisdomTree Europe recognises recent U.S. Federal Reserve Board Paper as opportunity for evaluation of Short and Leverage Exchange Traded Products ("S&L ETPs")<
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'Grexit' spectre returns, but eurozone safer: analysts
January 6, 2015--Fears of a Greek euro exit have returned with a bang after Athens called early elections on Monday, but steps taken after the financial crisis should stop the rest of the currency zone imploding, analysts say.
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European Commission amends draft RTS on clearing obligation for IRS
January 6, 2015--On 18 December 2014, the Commission indicated in a letter addressed to ESMA its intention to endorse with amendments the first technical standards on the clearing obligation for interest rate swaps.
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EurexOTC Clear passes milestone
Total notional transaction volumes pass 100-billion-euro level
January 6, 2015--Eurex Clearing, Europe's leading clearing house and part of Deutsche Börse Group, announced today that the total cumulative notional volumes of cleared OTC transactions have now passed the 100-billion-euro mark.
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UK Official holdings of international reserves: December 2014
January 6, 2015--This monthly release shows details of movements in the UK's official holdings of international reserves, or assets. These consist of gold, foreign currency assets and International Monetary Fund assets
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Borsa ?stanbul investors gained a yield of 26.43 % in 2014.
January 5, 2015--Registering a historic high session closing, Borsa Îstanbul ranked among the top 5 performers of the world.
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Boerse Stuttgart generates 2014 turnover in region of EUR 88 billion
January 5, 20155--Record turnover in exchange-traded products
Boerse Stuttgart leads European market in securitised derivatives and German bond market
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Nasdaq Nordic And Baltic Markets Annual Trading Statistics 2014
January 2, 2015--Nasdaq (Nasdaq:NDAQ) today publishes annual trade statistics for the Nordic1 and Baltic2 markets.
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The Spanish Stock Exchange Traded €80.6 Bn. In December, Up 34% Year On Year
The trading volume for the year 2014 grew 26%
Annual record high in the number of equity trades, at 70.9 million
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1.28 trillion euros turnover on Deutsche Boerse's cash markets in 2014
108.9 billion euros turnover in December
January 2, 2015--In 2014, turnover at the cash markets of Deutsche Börse stood at €1.28 trillion (2013: €1.16 trillion).
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Draghi: Risk of ECB failing its mandate higher than 6 mths ago-paper
January 1, 2015--European Central Bank President Mario Draghi said the risk of the central bank not fulfilling its mandate of preserving price stability was higher now than half a year ago, and reiterated its readiness to act early this year should it become necessary.
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S&P Dow Jones Indices-Europe Index Dashboard
December 31, 2014--Overall and despite a fair few bumps in the road this year, the S&P Europe 350 index finished 2014 with a better-than-modest total return of 7.8%.
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Borsa Italiana -2014 Market Highlights
December 30, 3014--26 IPOs raise a total €2.9 billion
Total market capitalisation of listed companies, €470.4 billion
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