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Eurex expands equity index derivatives segment
Mini DAX Futures contracts available from 28 October onwards
September 30, 2015--Eurex Exchange, the international derivatives market of Deutsche Börse Group, will launch a new equity index contract on 28 October 2015.
The Mini DAX Futures will be offered in addition to the existing DAX Futures (FDAX). Its key distinguishing feature is the significantly lower contract value, at only a fifth of the DAX Futures.
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Source: Eurex
ECB to use STOXX GC Pooling Indices as new euro secured benchmark rate
September 30, 2015--Deutsche Börse Group welcomes that the European Central Bank (ECB) will use the STOXX EUR GC Pooling index family going forward.
According to the central bank, the secured market rate with regard to fixed term deposits in euro will be the STOXX EUR GC Pooling term indices with a comparable maturity, due to the discontinuation of the Eurepo index.
STOXX EUR GC Pooling indices are calculated by STOXX, the global index provider owned by Deutsche Börse Group, and are based on secured euro funding transactions taking place on Eurex Repo's GC Pooling market, Deutsche Börse's pan-European marketplace for international financing in the secured money market.
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Source: STOXX
World Bank-Russia Economic Report 34: Balancing Economic Adjustment and Transformation
September 30, 2015--The continued impact of the lower oil prices in a context of ongoing international sanctions will cause the Russian economy to contract by an estimated 3.8 percent in 2015, the World Bank said today in its latest Russia Economic Report launched in Moscow.
The recession is having a severe impact on households as double-digit inflation erodes real wages and incomes and sharply increasing poverty rates. Medium-term growth prospects depend on how Russia will brave the difficult adjustment to this new economic reality. In the longer term, there is an opportunity for Russia to benefit from a structural transformation of its economy. However, without deep and sustained structural reforms, Russia will remain at risk of falling into a medium-term low-growth trap.
view the Russia Economic Report-Balancing Economic Adjustment and Transformation
view the infographic-Balancing Economic Adjustment and Transformation in Russia
Source: World Bank
EU unveils push for non-bank lending to end slump
September 30, 2015--The EU's financial services chief unveiled a wide array of measures Wednesday to encourage non-bank lending across Europe in a bid to reboot slumping investment that is threatening economic growth.
The so-called Capital Markets Union plan comes as only a about a third of business lending in the EU comes from the non-banking sector, such as stocks and bonds, far short of the 70 percent in the United States.
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Source: EUbusiness
Turkey's Borsa Istanbul says 'may be difficult' to IPO by Q2 2016
September 29, 2015--Turkey's Borsa Istanbul may struggle to launch an initial public offering (IPO) by the second quarter of next year as planned, its chief executive said on Tuesday, citing low market valuations.
Tuncay Dinc told a news conference that the IPO "may be difficult" by that deadline. Borsa Istanbul has markets for stocks, derivatives and gold.
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Source: Reuters
High-Frequency Traders Catch a Break in EU Market-Making Rules
Regulations seek to ensure market making is more stable
Venues aren't required to give incentives for some assets
September 29, 2015--High-frequency traders just caught a break in Europe, where it's now easier to escape stricter rules for market makers.
European Union regulators on Monday revised proposals for overhauling the 28-nation club's financial markets. For traders, there's a change from their previous plans: You're not considered a market maker--and therefore subject to new obligations--until you're supplying bids and offers for a given stock or financial product for half the trading day. Before, the threshold was only 30 percent of the day.
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Source: Bloomberg
Russia Business Sentiment Highest Since July 2014
Rouble Weakness Causes Inflationary Pressures to Build
September 29, 2015--Companies in Russia were surprisingly a little more
optimistic about the current business environment in September, shrugging off last month's China-led global equity and commodity rout.
The MNI Russia Business Sentiment Indicator rose 1.3% to 53.0 in September from 52.3 in August.
This month's outturn lifted the indicator just above the series average of 52.4 and meant that Q3 came in at 52.2 compared with the 49.7 recorded in Q2.
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Source: MNI Indicators
ISEdirect services extended to include submission of fund NAVs
September 29, 2015--This information is relevant to individuals or organisations who submit Net Asset Values (NAVs) in relation to funds listed on the Irish Stock Exchange (ISE).
The new process for submitting Net Asset Values (NAVs) to the ISE via ISEdirect commences today.
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Source: Irish Stock Exchange
DekaBank To License Newly Launched EURO iSTOXX ex Financials High Dividend 50 Index
September 29, 2015--STOXX Limited, a leading provider of innovative, tradable and global index concepts, today announced that the newly launched EURO iSTOXX ex Financials High Dividend 50 Index has been licensed to DekaBank as the underlying for an exchange-traded fund (ETF).
The Deka EURO iSTOXX ex Fin Dividend+ UCITS ETF will be listed on Deutsche Börse and Börse Stuttgart today.
"The newly launched EURO iSTOXX ex Financials High Dividend 50 Index combines access to the performance of leading Euro zone companies without exposure to the financial industry with a screen for high dividend yielding companies," said Hartmut Graf, chief executive officer, STOXX Limited.
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Source: STOXX
New Deka equity index ETF launched on Xetra
ETF tracks highest dividend stocks in euro zone excluding financials
September 29, 2015--A new equity index ETF issued by Deka Investment GmbH has been tradable on Xetra and Börse Frankfurt since Tuesday.
ETF-name: Deka EURO iSTOXX ex Fin Dividend+ UCITS ETF
Asset class: equity index ETF
ISIN: DE000ETFL482
Total expense ratio: 0.3 percent
Distribution policy: distributing
Benchmark: EURO iSTOXX ex Financials High Dividend 50 Index
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Source: Xetra
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