| BRICS Bourses Start Cross-Listing Derivative Indices-continued | |||||
| BRICS nations start cross-listing emerging market derivatives indices but success depends on liquidity March 30, 2012--Looking to expand product offerings beyond home markets, five of the world's leading emerging market indices, have started to cross-list derivative indices from Friday. | |||||
| Brazil’s IBOVESPA futures; Russia’s MICEX Index futures; Hong Kong’s Hang Seng Index futures; and South Africa’s FTSE/JSE Top40 futures got listed on the BSE on Friday.
Part of the common linkage platform, the cross-listing however, could run into the same chicken-and-egg problem that has derailed similar efforts like liquidity. The idea to give investors in one country exposure to another hot market in their local currency carries appeal, on paper at least |
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| Source: Business World | |||||
| Global ETP News |
| IMF Working paper-The Finance and Growth Nexus Re-Examined: Do All Countries Benefit Equally? | |||
| Summary: A large theoretical and empirical literature has focused on the impact of financial deepening on economic growth throughout the world. This paper contributes to the literature by investigating whether this impact differs across regions, income levels, and types of economy. | |||
| read more | |||
| Market Vectors' Fran Rodilosso on the Recent Volatility in Emerging Market Debt | |||
| June 14, 2013--Though emerging markets sovereign hard and local currency debt have been among the most volatile fixed income asset classes for the past several weeks, the longer term trend of portfolio allocations to emerging market debt asset classes is a major theme that will continue for the next several years, according to Fran Rodilosso, Fixed Income Portfolio Manager at Market Vectors ETFs. | |||
| read more | |||
| Passives becoming active choice for many | |||
| June 14, 2013-- Growing awareness of the impact of charges on long-term returns for investors means that low-cost index trackers and exchange traded funds (ETFs) are playing an increasingly important role in portfolios run by wealth managers. | |||
| read more | |||
| Eurex Exchange completes migration to new, state-of-the-art trading architecture | |||
| New global trading system fully rolled out since 10 June/Fixed-income derivatives segment was last product group to migrate June 12, 2013-- Eurex Exchange has been operating since Monday, 10 June, entirely on Deutsche Börse Group's global trading architecture. | |||
| read more | |||
| Europe and Central Asia: Less Volatile, but Slower Growth | |||
| June 12, 2013--STORY HIGHLIGHTS GDP growth in Europe and Central Asia is projected to rise only slightly in 2013 to 2.8 percent. Following a sharp decline in 2012, Foreign Direct Investment is expected to rebound in 2013. Developments in global financial markets remain important for the region, particularly for countries with high external financing needs. | |||
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| Developing world faces domestic challenges, as global economy stabilizes | |||
| June 12, 2013--STORY HIGHLIGHTS Risks from advanced economies have receded, says Global Economic Prospects Structural reforms needed in developing countries to regain fast growth Expanding South-South trade is boosting global commerce | |||
| read more | |||
| MSCI Announces the Results of the 2013 Annual Market-Classification Review | |||
| June 11, 2013--MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support tools worldwide, including indices, portfolio risk and performance analytics and corporate governance services, announced today its decision to reclassify the MSCI Qatar and MSCI UAE Indices from Frontier Markets to Emerging Markets, the MSCI Greece Index from Developed Markets to Emerging Markets and the MSCI Morocco Index from Emerging Markets to Frontier Markets. | |||
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| Europe should open fund markets | |||
| June 10, 2013--Deutsche Asset & Wealth Management has ruled out buying any rival businesses in order to grow its asset base despite declaring an intention to increase assets on the passive side by over 50 per cent in the next 18 months. | |||
| read more | |||
| BNP could merge US units to cope with reform: Report | |||
| June 10, 2013--BNP Paribas, France's biggest bank, is planning to merge its U.S. operations in an attempt to offset the impact of possible U.S. regulatory reforms for foreign banks, The Financial Times said on Monday, citing people familiar with the matter. | |||
| read more | |||
| NYSE Euronext Monthly ETF Activity Report - May 2013 | |||
| June 10, 2013--Listings
In May 2013 there were seven new ETF listings, 5 from Lyxor, 1 from ThinkCapital and 1 from iShares. | |||
| read more | |||
| International swaps market reform-Promoting transparency and lowering risk | |||
| June 10, 2013--Article-Banque de France-Financial Stability Review-No. 17-April 2013-In 2010, the US Congress passed the historic Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd?Frank Act). The CFTC is more than 80 percent complete with Dodd-Frank Act swaps market reform rulewriting, and now the marketplace is increasingly shifting to implementation of common-sense rules of the road. | |||
| read more | |||
| ETF Securities-Precious Metals Weekly: Platinum and Palladium Outperform as Rising Demand and Supply Constraints Drive Gains | |||
| June 10, 2013--Last week the gold price fell as better-than-expected US jobs data spurred a rally in the dollar and accelerated demand for cyclical equities. | |||
| read more | |||
| BlackRock ETP Landscape Research-No "Sell in May" for ETP Investors | |||
| June 7, 2013--Global ETPs attracted $26.5bn in May, keeping year-to-date flows ahead of last year's record pace
Year-to-date ETP flows grew 24% over 2012 levels, breaking through the $100 billion mark. | |||
| read more | |||
| EPFR Global News Release-Bond Funds battered by QE3 doubts | |||
| June 7, 2013--EPFR Global-tracked Bond Funds started June by posting their biggest weekly outflows on record as fears the US Federal Reserve will start reining in its current quantitative easing program-QE3-put pressure on bond prices and chased investors out of riskier asset classes. | |||
| read more | |||
| State Street appoints head of EMEA ETFs | |||
| June 7, 2013--Alexis Marinof has been appointed as inaugural head of Europe, Middle East and Africa at State Street Global Investors' ETF platform SPDR as business in the area gains momentum. | |||
| read more | |||
| NASDAQ OMX Closes EUR 600,000,000 Senior Notes Offering | |||
| June 7, 2012--The NASDAQ OMX Group, Inc. (NDAQ) today announced that it closed a public offering of EURO600,000,000 aggregate principal amount of Euro-denominated 3.875% senior notes due 2021 (the "Notes"). | |||
| read more | |||
| Interconnectivity Critical to Unlocking ASEAN's Vast Growth Potential | |||
| June 6, 2013--On the opening day of the World Economic Forum on East Asia, ASEAN business and political leaders emphasized the need for greater connectivity and regulatory harmonization to unlock ASEAN's vast growth potential, now and in the coming decade. | |||
| read more | |||
| Record-breaking ETF inflows top $100bn | |||
| June 6, 2013--More than $100bn has flowed into exchange traded funds so far this year, as the ETF industry's expansion continues at a record-breaking pace. | |||
| read more | |||
| Has competition improved markets? | |||
| June 5. 2013--Equity markets are undergoing nothing short of a competitive revolution. Equity Market titans such as the NYSE, the London Stock Exchange, NASDAQ, Deutsche Borse and Euronext now share the limelight with dozens of players. | |||
| read more | |||
| ETFGI PRESS RELEASE: Net inflows of 107 billion US dollars YTD through the end of May 2013 helped push global assets in ETFs and ETPs to new high | |||
| According to ETFGI record net inflows of $107 billion year to date through the end of May 2013 helped to push assets invested globally in ETFs and ETPs to a new all-time high of $2.14 trillion
June 5, 2013--ETFs and ETPs have received record net inflows of $107 billion through the end of May 2013 which is 31% higher than the $82 billion in net flows at this time in 2012. | |||
| read more | |||
| S&P Dow Jones Indices: Dow Jones-UBS Commodity Index: Commodities Fall Short In May | |||
| June 5, 2013--KEY HIGHLIGHTS DJ-UBS Commodity Index fell 2.2% in May, bringing the index's YTD total return down to -6.0%. DJ-UBS Energy lost 4.7% this month and was almost flat YTD, coming in at 0.6%. | |||
| read more | |||
| S&P GSCI: Market Attributes-Commodities-Commodities Missed The Mark In May | |||
| June 5, 2013--KEY HIGHLIGHTS The S&P GSCI fell 1.5% in May, bringing the index's YTD total return down to-5.6%. The S&P GSCI Energy lost 1.9% this month, driving down the YTD total return to -4.7% and losing its position as the best performing sector index YTD. | |||
| read more | |||
| IMF Working paper-The Comovement in Commodity Prices: Sources and Implications | |||
| June 5, 2013--Summary: We present a simple macroeconomic model with a continuum of primary commodities used in the production of the final good, such that the real prices of commodities have a factor structure. | |||
| read more | |||
| NASDAQ OMX Monthly Index Performance Report | |||
| June 4, 2013--NASDAQ OMX has consolidated performance data for the top 50 most-watched NASDAQ OMX indexes. | |||
| read more | |||
| IOSCO Launches Investor Education Gateway | |||
| June 4, 2013--The International Organization of Securities Commissions (IOSCO) launched today an Investor Education Gateway on its Website. | |||
| read more | |||
| NASDAQ OMX Prices EUR 600,000,000 Senior Notes Offering | |||
| June 4, 2013--The NASDAQ OMX Group, Inc. (NDAQ) today announced that it priced a public offering of EURO600,000,000 aggregate principal amount of Euro-denominated 3.875% senior notes due 2021. | |||
| read more | |||
| NYSE Euronext plans to sell over Rs 200 crore stake in MCX | |||
| June 3, 2013--Global exchange giant NYSE Euronext is considering a fresh bid to sell its nearly 5 per cent stake in India's premier commodity bourse MCX, after an earlier attempt failed in March this year. | |||
| read more | |||
| NASDAQ OMX Completes Acquisition of Thomson Reuters Investor Relations, Public Relations and Multimedia Businesses | |||
| NASDAQ OMX to Integrate Businesses With Global Technology Solutions
Accretive to EPS Within the First 12 Months, Excluding Transaction-Related Costs June 3, 2013--The NASDAQ OMX Group, Inc., today announced the completion of its acquisition of Thomson Reuters Investor Relations, Public Relations and Multimedia Solutions businesses, which provide insight, analytics and communications solutions. | |||
| read more | |||
| Average daily volume of 10.1 million contracts at Eurex Group in May | |||
| June 3, 2013--In May, the international derivatives exchanges of Eurex Group achieved an average daily volume of 10.1 million contracts (May 2012: 11.2 million). Of those, almost 7.4 million were Eurex Exchange contracts (May 2012: 8.4 million), and 2.7 million contracts (May 2012: 2.6 million) were traded at the U.S-based International Securities Exchange (ISE). | |||
| read more | |||
| IOSCO Publishes the Responses to Financial Benchmark Consultation | |||
| June 3, 2013--The International Organization of Securities Commissions (IOSCO) published today the comment letters to the consultation paper on Principles for Financial Benchmarks that was issued on 16 April 2013. The report sought public comment on a set of high-level principles for benchmarks used in global financial markets. | |||
| read more | |||
| BIS-June 2013 Quarterly Review: Markets under the spell of monetary easing | |||
| June 3, 2013--Further monetary easing boosted asset prices despite negative macroeconomic news. Cross-border claims of BIS reporting banks fell in the fourth quarter of 2012 as a sharp reduction in cross-border interbank lending more than offset higher cross-border credit to non-banks. Paul Melaschenko and Noel Reynolds (BIS) propose a mechanism to recapitalise banks that are too big to fail. | |||
| read more | |||
| Markit Launches ETP Analytics | |||
| June 3, 2013--Markit, a leading, global financial information services company, today announced that it has launched Markit ETP Analytics, a comprehensive and independent analytics solution for the global Exchange Traded Products (ETP) market. | |||
| read more | |||
| IntercontinentalExchange Stockholders Approve Acquisition of NYSE Euronext | |||
| June 3, 2013--IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, announced the results of the special meeting of stockholders today to approve ICE's acquisition of NYSE Euronext. | |||
| read more | |||
| ETF Securities-Precious Metals Weekly: Platinum and Palladium Prices Rise on Start of South Africa "Strike Season" | |||
| June 3, 2013--Tepid economic data from the US eased fears that the Fed will imminently cut back on quantitative easing, sending precious metals higher last week. | |||
| read more | |||
| EPFR Global News Release-EM Fund groups stumble into June | |||
| May 31, 2013--With Europe backing away from austerity, visions of life after QE3 unnerving global markets and profit takers sending key Japanese indexes plunging, some investors opted to pull the sell-in-May-and-go-away trigger heading into June. | |||
| read more | |||
| Final report-Technical advice on CRA regulatory equivalence on Argentina, Brazil, Mexico, Hong Kong and Singapore | |||
| May 31, 2013--The European Securities and Markets Authority (ESMA) has provided advice to the European Commission in respect of the equivalence between the EU regulatory regime for credit rating agencies and the respective legal and supervisory frameworks of Argentina, Brazil, Mexico, Hong Kong and Singapore. | |||
| read more | |||
| BRICS Exchanges Alliance Launches Website | |||
| May 30, 2013--On May 29, 2013 BRICS Exchanges Alliance launched its own website at BRICSMART.org. The basic concept of the new website is to create a single data portal containing information on financial products and services offered by the BRICS Exchanges-members of the alliance. | |||
| read more | |||
| ESMA promotes global supervisory co-operation on alternative funds | |||
| May 30, 2013--The European Securities and Markets Authority (ESMA) has approved co-operation arrangements between EU securities regulators, with responsibility for the supervision of alternative investment funds (AIFs), including hedge funds, private equity and real estate funds, and 34 of their global counterparts. | |||
| read more | |||
| IMF Working paper-Inclusive Growth: Measurement and Determinants | |||
| May 30, 2013--Summary: We estimate a unified measure of inclusive growth for emerging markets by integrating their economic growth performance and income distribution outcomes, using data over three decades. | |||
| read more | |||
| Global economy advancing but pace of recovery varies, says OECD Economic Outlook | |||
| May 29, 2013--The global economy is moving forward, but divergence between countries and regions reflects the uneven progress made toward recovery from the economic crisis, according to the OECD's latest Economic Outlook. | |||
| read more | |||
| World Federation of Exchanges Reports on High Frequency Trading (HFT) | |||
| May 29, 2013--The World Federation of Exchanges (WFE) today released a review on High Frequency Trading (HFT), describing it as a technology that financial firms are embracing around the world. Besides, the study notes the many initiatives and risk management practices that exchanges have adopted to enhance the safety, stability and integrity of the markets. | |||
| read more | |||
| Trading precious metals using ETP data returns as much as 30%-JPMorgan | |||
| The bank says trading precious metals using ETPs would have returned an annual profit of about 30% since 2007. May 29, 2013--Trading precious metals against each other based on purchases and sales through exchange-traded products would have returned an annual profit of about 30 percent since 2007, according to JPMorgan Chase & Co. | |||
| read more | |||
| Foreign Investors Under Stress: Evidence from India | |||
| Summary: Emerging market policy makers have been concerned about the financial stability implications of financial globalization. These concerns are focused on behavior under stressed conditions. | |||
| read more | |||
| First Set of Global Data on Energy Access, Renewable Energy and Energy Efficiency Released | |||
| Global Tracking Framework Report identifies countries with most potential to make "high-impact" progress on sustainable energy and specifies policy measures to scale up action
May 28, 2013-- About 1.2 billion people-almost the population of India- don't have access to electricity, 2.8 billion have to rely on wood or other biomass to cook and heat their homes, | |||
| read more | |||
| IIFM releases 3rd edition of Sukuk report 'A Comprehensive Study of the Global Sukuk Market' | |||
| May 28, 2013--The International Islamic Financial Market (IIFM) today released its much awaited IIFM Sukuk Report (3rd Edition) which consists of A Comprehensive Study of the Global Sukuk Market. The research report sheds light on the growth and development of international and domestic Sukuk issuances from 2001-Jan 2013 | |||
| read more | |||
| Automated Trader: "Eurex Exchange releases results of proprietary HFT research" | |||
| May 27, 2013--Eurex Exchange is the first exchange in Europe to share part of its proprietary quantitative research on high-frequency trading (HFT) with the public. Key findings of this research include: (a) HFT participants played an important and beneficial role during one of the most extreme market situations Eurex Exchange has seen in recent years, | |||
| read more | |||
| ETF Securities-Precious Metals Weekly: Palladium Rallies on Supply Concerns, Gold Retraces 1976 Patterns | |||
| May 27, 2013--Precious metal prices saw divergent trends last week, with two of the more industrially-oriented metals-palladium and silver-seeing gains, while gold was whip-sawed by Fed comments and US growth data. | |||
| read more | |||
| Silver prices to remain under pressure this year-Barclays | |||
| Barclays says it expects the silver market to produce a its second largest surplus on record in 2013. May 27, 2013--Silver is likely to be the weakest performer of the precious metals complex over 2013, Barclays says. | |||
| read more | |||
| Fund flows continue to dance to QE tune ahead of warning that the music may stop | |||
| May 24, 2013--Going into the third week of May QE was unequivocally shorthand for quantitative easing, the fuel that has propelled a number of benchmark equities indexes to multi-year highs during the current quarter. | |||
| read more | |||
| Eurex may copy CME swap futures | |||
| May 24, 2013--German exchange seeking legal advice on scope of Goldman Sachs patent behind CME's interest rate swap futures | |||
| read more | |||
| IOSCO Emerging market regulators emphasised the need for stronger voice in shaping global regulatory reform to reflect emerging markets' position | |||
| May 23, 2013--Global emerging market securities regulators met in Panama City from 21-23 May 2013 and reinforced the need to play a more active role in global regulatory reform efforts and being involved at early stages of new international regulatory reforms to ensure emerging market considerations are reflected in the reform efforts. | |||
| read more | |||
| Coming to America-Safe expands its horizons | |||
| May 23, 2013--Hong Kong, Singapore, London, and now New York. The world's biggest currency reserves manager has reportedly opened its first US office: | |||
| read more | |||
| UN Report-Global economic growth still sluggish, with prospect of gradual improvement | |||
| May 23, 2013--Global economic growth will continue to be "below potential" this year, according to a report released today by the United Nations that adds that job creation will be vital to spur recovery. | |||
| read more | |||
| Em Monthly-EM Sentiment Gradually Improve | |||
| DM equities continue to outperform EM while EM equities valuation remain at compelling level. May 23, 2013--Weak economic trend continued. Chinese stock market dropped as it continued to reflect a weaker economic trend while Fitch downgraded the country's credit rating due to high indebtedness and the incidence of bird flu in eastern China continued. | |||
| read more | |||
| BlackRock-Credit Suisse ETF deal delayed after OFT asks for more time | |||
| May 23, 2013--The Office of Fair Trading (OFT) has said it needs more time to look into BlackRock's acquisition of Credit Suisse's exchange traded funds business. | |||
| read more | |||
| FTSE licenses four indices to Vanguard for new ETFs | |||
| May 22, 2013--FTSE Group ("FTSE"), the global index provider, today announces that it has licensed four more indices to Vanguard as the basis for a new range of international Exchange Traded Funds (ETFs). This brings the number of ETFs based on FTSE indices globally to over 200, including 11 provided by Vanguard. | |||
| read more | |||
| BNY Mellon Wealth Management Plans 50% Sales Force Increase | |||
| May 22, 2013--BNY Mellon Wealth Management is planning to increase its sales force by 50 percent over the next two years, the firm announced. | |||
| read more | |||
| T. Rowe Price Says Dubai, Qatar Deserve MSCI Upgrade to Emerging | |||
| May 22, 2013--Dubai and Qatar deserve to be upgraded to emerging-market status at MSCI Inc. (MSCI) next month, T. Rowe Price (TROW) Group Inc. said, after the emirates failed to satisfy the index provider's requirements for four years. | |||
| read more | |||
| Short & Leverage ETP assets up 10% year to date to $48.5bn | |||
| Global S&L AUM up more than 70% since Dec 2008 as Global ETF assets reach record highs S&L monthly volumes increase by 40% since Dec 12, to $160 bn per month Investors mixed on equities, commodities and bearish on fixed income S&L usage up as investors increase demand for transparent Exchange Traded Products (ETPs) May 21, 2013--Global Short and Leveraged ETP assets rose by $4.4bn (10%) in the first four months of 2013 to $48.5bn and 70% since Dec 2008, as investors continue to increase their usage of Short and Leveraged (S&L) ETPs. | |||
| read more | |||
| SPDR University Latest Commentary -Weekly Market Report- 5/17/2013 | |||
| May 21, 2013--ECONOMIES: Retail sales rise but industrial production and housing starts fall in the US. Manufacturing sales fall in Canada. Unemployment claims drift lower in the UK. GDP falls in the eurozone but rises robustly in Japan. Wage inflation slows in Australia. | |||
| read more | |||
| ETF Securities-Precious Metals Weekly: Palladium Price Boosted by Continued Deficit Fears | |||
| May 20, 2013--Precious metals remained under pressure last week as a narrowing US deficit helped the US dollar appreciate and sent most precious metals (in dollar terms) lower. | |||
| read more | |||
| Semi-Annual Changes To The NASDAQ OMX CRD Global Sustainability Index | |||
| May 20, 2013--The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and CRD Analytics announced today the results of the semi-annual re-ranking of the NASDAQ OMX CRD Global Sustainability Index (Nasdaq:QCRD), which will become effective prior to market open on Monday, May 20, 2013. | |||
| read more |