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LSE defies tough market conditions
November 16, 2012--The London Stock Exchange has defied tough markets to issue a strong set of results, highlighting the success of its strategy of seeking new revenues beyond its traditional equity trading
business. Operating profit came in above analysts’ forecast
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Source: FT.com
Lyxor enhances UK fund range-14 of its largest European ETFs are now listed on the London Stock Exchange
November 16, 2012--To enhance the range of ETFs available to UK investors, Lyxor recently listed 14 of its largest and most actively traded funds on the London Stock Exchange. All these funds have a proven track record of providing precise tracking,
and cost efficient exposure to their respective benchmark for at least the previous 4 years.
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Source: Lyxor
LME says proposal will help metals warehousing problem
New warehouse rule expected to take effect on April 1
LME proposal seen as a modest concession
November 16, 2012--The London Metal Exchange (LME) expects proposed changes to its warehousing rules to go some way to solve problems in the network of warehouses it monitors. Chief Executive Martin Abbott said at a news conference on Friday.
The LME proposed on Thursday a rule that warehousing companies that have 30,000 tonnes or more of a single metal in a queue should deliver out as much as an additional 500 tonnes per day of other metals stuck behind it in the queue.
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Source: Reuters
Eurex Clearing launches EurexOTC Clear for Interest Rate Swaps
New OTC clearing service successfully went live on 13 November 2012/Launch was supported by 10 clearing members/ First transactions successfully cleared/Strong Client Asset Protection and high capital efficiency through portfolio risk management
November 15, 2012--Eurex Clearing, Europe's leading clearing house, announced today that EurexOTC Clear for Interest Rate Swaps (IRS) successfully went live on 13 November 2012.
The launch was supported by Eurex Clearing’s cooperation banks Barclays, Citigroup Global Markets Ltd., Credit Suisse, Deutsche Bank and J.P. Morgan.
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Source: Eurex
Eurozone tips into recession
November 15, 2012--The 17-nation eurozone tipped into recession in the third quarter, with the economy shrinking 0.1 percent compared with the three months to June when it contracted 0.2 percent, official data showed Thursday.
In comparison, the full 27-state European Union eked out growth of 0.1 percent, again after a contraction of 0.2 percent in the second quarter, the Eurostat statistics service said in a statement.
Recession is defined as two consecutive quarters of decline, putting the eurozone technically in recession as the debt crisis undercuts growth and pushes unemployment soaring to record highs.
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Source: EUbusiness
Euro area investment fund statistics
November 15, 2012--In September 2012, the amount outstanding of shares/units issued by euro area investment
funds other than money market funds was €269 billion higher than one quarter earlier in June
2012.
This increase was due mainly to increases in share/unit prices.
The amount outstanding of shares/units issued by euro area investment funds other than money market funds increased to €6,338 billion in September 2012, from €6,069 billion
in June 2012. Over the same period, the amount outstanding of shares/units issued by euro area money market funds decreased to €942 billion from €969 billion.
Transactions1 in shares/units issued by euro area investment funds other than money market funds amounted to €75 billion in the third quarter of 2012, while transactions in shares/units issued by money market funds amounted to minus €24 billion.
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Source: ECB
DB-Synthetic Equity & Index Strategy-Europe-ETF Research-European Weekly ETF Market Review
November 15, 2012--The most recent issue of the Deutsche Bank-Synthetic Equity & Index Strategy-ETF Research-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. For more detailed coverage please refer to the monthly report, issued in the first week following the end of each month.
request report
Deutsche Bank - Synthetic Equity & Index Strategy - Europe
ESMA publishes an update of the list of waivers under MiFID
November 15, 2012--This update concerns the pre-trade transparency waiver SK 1.
view the Waivers from Pre-trade Transparency
CESR positions and ESMA opinions
Source: ESMA
Lyxor-On December 6th and 11th, 4 ETFs based on the EuroMTS Macro Weighted AAA Government Index series will be converted to physical replication
November 15, 2012--Please note that on December 6th and 11th, 4 ETFs based on the EuroMTS Macro Weighted AAA Government Index series will be converted to physical replication.
Lyxor ETF EuroMTS AAA Macro-Weighted Government 1-3Y
Lyxor ETF EuroMTS AAA Macro-Weighted Government 3-5Y
Lyxor ETF EuroMTS AAA Macro-Weighted Government 5-7Y
click here for more info
Source: Lyxor
Vanguard Takes Aim at U.K. as Fees Replace Commissions
November 15, 2012--Vanguard Group Inc. rose to the top of the U.S. mutual fund industry by preaching the merits of cheap index-tracking funds. Now it wants to convert U.K. investors as that country enacts new rules that may lower fund costs that are among the highest in the developed world.
The firm is seeking to expand its less than 1 percent share of the 629 billion pound ($998 billion) market in the U.K. by more aggressively courting financial advisers, who control much of the country’s fund distribution, and striking deals to make its products more broadly available. Vanguard last month won access to the 13,000 U.K. advisers who use Cofunds, a platform with 45 billion pounds under administration.
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Source: Bloomberg
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