Updated Coefficients For Moscow Exchange Indices To Come Into Force
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Recommended All-Share Merger Of Equals Of London Stock Exchange Group Plc And Deutsche Börse AG
The board of directors of London Stock Exchange Group plc ("LSEG") (the "LSEG Board") and the management board of Deutsche Börse AG ("DBAG") (the "DBAG Board" and together with the LSEG Board the "Boards") are pleased to announce that they have reached agreement on the terms of a recommended all-share merger of equals of LSEG and DBAG to form the "Combined Group" (the "Merger"). The Merger will be implemented via the establishment of a new UK holding company ("UK TopCo") which will acquire LSEG by way of a scheme of arrangement (the "LSEG Acquisition") and will acquire DBAG by making a securities exchange offer to all shareholders of DBAG (the "DBAG Offer"). The LSEG Acquisition is governed by the City Code and the DBAG Offer is governed by the German Securities Acquisition and Takeover Act (Wertpapiererwerbs-und Übernahmegesetz, WpÜG) and applicable regulations supplementing it.
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ayondo Awarded "Best Social Trading Platform - ADVFN International Financial Awards 2016" - ayondo On The Forefront Of The FinTech Movement
ayondo is pleased to announce we have been awarded “Best Social Trading Platform” in the ADVFN International Financial Awards 2016. This is the second time ayondo has been awarded ADVFN award.
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GMEX Partners With FPT To Launch Vietnamâs First Derivatives Market And Clearing House - Delivering Innovation In Exchange Traded Derivative Contracts To Be Traded On Hanoi Stock Exchange And Centrally Cleared By Vietnam Securities Depository
GMEX Group has entered into a joint venture agreement with FPT Information System (FPT) based in Hanoi. The partnership has been awarded the mandate to provide technology, global business and local operational expertise to launch the first Derivatives market and fully integrated clearing house in Vietnam. The Ministry of Finance (MOF) has entrusted the HNX and the Vietnam Securities Depository (VSD) to operate the derivative market’s transaction activities.
The derivatives market is an important step in creating qualitative change for the Vietnamese securities market after a long era of quantitative development. It will also help investors identify and mitigate risks and diversify into other investment channels. The market participants will include settlement banks, intermediaries and investors from both enterprises and investment funds.
The new market will facilitate transactions based on stock accounts such as stock indexes, Government bonds and shares. The first traded instruments will be share indexes (HNX30 and VN30) and Government bonds with five-year terms.
GMEX Technologies (GMEX Tech), with FPT, will manage the project to provide a multi-asset, multi-language exchange trading system suite and market surveillance solution to HNX, who will operate the derivatives exchange. The project will deliver a real-time clearing system to VSD, who will operate the clearing house. The target go live date is Q4 2016.
The initiative will support functionality for stocks, cash settled index futures, warrants, bonds, commodities, cash- and physically-settled equity futures, cash- and physically-settled bond futures, cash-settled commodity futures, cash-settled interest rate futures, contracts for differences, government bonds, single stocks, non-implied equity index options and non-implied single stock options.
This initiative highlights GMEX continued focus on innovative new products and emerging market development as well as growth through a unique sustainable partnership-driven model.
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ETFs/ETPs Listed In Europe Have Gathered 2.92 Billion US Dollars In Net New Assets In February 2016, According To ETFGI
ETFs/ETPs listed in Europe gathered net inflows of US$2.92 Bn in February 2016, according to preliminary data from ETFGI’s February 2016 global ETF and ETP industry insights report. ETFs/ETPs listed in Europe have gathered net inflows for 17 consecutive months.
The European ETF/ETP industry had 2,199 ETFs/ETPs, with 6,846 listings, assets of US$485 Bn, from 52 providers listed on 25 exchanges at the end of February 2016. (click here to see ETFGI’s chart of European listed ETF/ETP asset growth)
“February was another volatile month for equity markets which drove investors to invest net flows into government bonds and gold. The S&P Europe 350 index was down –2.07% marking the third consecutive month loss. The S&P 500 closed the month down 0.13%. Despite recent uncertainty, emerging markets gain 0.31% in February, while developed markets outside of the U.S. declined 1%.” according to Deborah Fuhr, managing partner at ETFGI.
In February 2016, ETFs/ETPs listed in Europe gathered net inflows of US$2.92 Bn. Commodity ETFs/ETPs gathered the largest net inflows with US$2.66 Bn, followed by fixed income ETFs/ETPs with US$2.12 Bn, while equity ETFs/ETPs experienced net outflows of US$2.19 Bn.
The net inflows of US$ 2.66 Bn into Commodity ETFs/ETPs in February 2016 is a record high. The previous record was $2.12 Bn in September 2012.
ETF Securities gathered the largest net ETF/ETP inflows in February with US$1.36 Bn, followed by iShares with US$771 Mn and Vanguard with US$330 Mn net inflows.
YTD, ETF Securities gathered the largest net ETF/ETP inflows YTD with US$1.74 Bn, followed by iShares with US$1.55 Bn and Think ETFs with US$522 Mn net inflows.
MSCI has the largest amount of ETF/ETP assets tracking its benchmarks reflecting 22.0% market share; STOXX is second with 21.3% market share, followed by S&P Dow Jones with 12.3% market share.
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Thai Bourse Market Report For February 2016
The Stock Exchange of Thailand (SET) index ended February, 2016 at 1,332.37 points, up 3.4 percent from end-2015 and up 2.4 percent from January, considered outperforming other exchanges in the region, underpinned by hopes of capital inflows as a result of the economic stimulus of central banks in developing countries such as Europe and Japan; and after their economic data announced was lower than forecast. Thanks to high liquidity and attractive prices of the Thai stock market, foreign investors reversed to be net buyers in February after being net sellers for three consecutive months. The rise was driven by large cap stocks in SET50 having good earnings growth and high dividends.
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SFO ends foreign exchange fraud inquiry with no charges brought
Serious Fraud Office closes investigation into forex rigging despite âreasonable groundsâ to suspect fraudhttps://t.co/wmRuncgKqu â moneyscienceâ¦
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Professor John Colley Of Warwick Business School: â¦Proposed London Stock Exchange Group And Deutsche Boerse Mergerâ¦. Savings Seem Rather Meagre In A Merger Which Appears To Be Designed To Avoid Upsetting Staff, Directors And, Indeed, Competition Authorities â¦.
Commenting on the proposed London Stock Exchange Group and Deutsche Boerse merger, Warwick Business School's Professor John Colley said: "The savings seem rather meagre in a merger which appears to be designed to avoid upsetting staff, directors and, indeed, competition authorities.
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EDHEC-Riskâs Annual European ETF Survey Sheds New Light On Drivers Of Investor Demand For ETFs And Evaluation Challenges For Investors
EDHEC-Risk Institute has announced the results of the EDHEC European ETF Survey 2015, a comprehensive survey of 180 European ETF investors, conducted as part of the Amundi ETF, Indexing & Smart Beta research chair at EDHEC-Risk Institute on “ETF and Passive Investment Strategies”. EDHEC-Risk Institute has conducted a regular ETF survey since 2006, thus providing a detailed account of the perceptions and practices of European investors in ETFs and trends over the past decade.
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CBOE To List Options On FTSE 100, FTSE China 50 Indexes
The Chicago Board Options Exchange® (CBOE®) today announced that it plans to list options on the FTSE 100 and FTSE China 50 indexes beginning March 29, 2016. The announcement was made by CBOE Holdings CEO Edward Tilly at a press briefing at the 41st annual Futures Industry Association Conference currently taking place in Boca Raton, Florida.
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Montréal Exchange To Launch Eris-based Canadian Dollar Interest Rate Swap Futures
Montréal Exchange (MX), Canada's leading derivatives exchange, today announced that it will expand its interest rate derivatives offering with the launch of Canadian Dollar Interest Rate Swap Futures based on the Eris MethodologyTM. These new swap futures contracts will be cleared at the Canadian Derivatives Clearing Corporation (CDCC) and will be available for trading on MX in September 2016.*
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Buffett vs the Hedge Funds
This is the podcast I was speaking about in class the other day:
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Buffett vs the Hedge Funds
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FIA Europe Updates Its Set Of Standard Recommendations For ETD eTrading Under MiFID II
FIA Europe has updated its set of MiFID II minimum standard recommendations for ETD eTrading for EU exchanges. These recommendations are designed to encourage EU exchanges to implement some of the MiFID II microstructural requirements in a way that is consistent and most helpful to exchange members and their clients.
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Remarks of Chairman Timothy Massad before the 41st Annual FIA International Futures Industry Conference
Remarks of Chairman Timothy Massad before the 41st Annual FIA International Futures Industry Conference
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truePTS Advances Regulatory Reporting For Derivatives - Agreement With CME Group To Harmonize And Lower Cost Of Derivatives Reporting
truePTS has entered into an agreement with CME Group Inc. (NASDAQ: CME) to integrate truePTS processing efficiencies with CME Group’s preferred global network of regulated trade repositories (TRs). This agreement makes truePTS the first independent derivatives post-trade service to provide a single trade reporting application program interface (API) to meet obligations in the United States, European Union, Canada, Singapore, Australia, Hong Kong and Japan.
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TOM MTF: Markit Liquidity Report On Dutch Equity Options For The Month Of February 2016
As part of the regular series of liquidity reports on the Dutch options market, Markit has released the February 2016 edition.
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Statement of CFTC Commissioner J. Christopher Giancarlo Comparability Determination for the European Union: Dually-Registered Derivatives Clearing Organizations and Central Counterparties
Statement of CFTC Commissioner J. Christopher Giancarlo Comparability Determination for the European Union: Dually-Registered Derivatives Clearing Organizations and Central Counterparties
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Statement of CFTC Chairman Timothy Massad regarding Substituted Compliance Determination for the European Union
Statement of CFTC Chairman Timothy Massad regarding Substituted Compliance Determination for the European Union
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Remarks Of CFTC Chairman Timothy Massad Before The 41st Annual FIA International Futures Industry Conference, Boca Raton, Florida
Thank you, Walt for that warm introduction. It’s good to be back here at FIA’s International Futures Industry Conference.
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