London Stock Exchange Group today welcomes a further 20 European companies to ELITE, its innovative support programme for inspiring growth businesses. This comes a month after 41 new businesses from the UK and Italy joined the programme.
read more...London Stock Exchange Group: Elite Boosted By 20 New European Companies
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Shenzhen Stock Exchange Signs A Cooperation Agreement With Hubei Provincial Peopleâs Government To Support Its Economic And Financial Development
On December 9, 2015, Shenzhen Stock Exchange (“SZSE”) and Hubei Provincial People’s Government entered into a strategic cooperation agreement in Shenzhen. Both parties will give play to their own advantages to promote Hubei enterprises to be better and stronger through capital market, so as to promote the economic transformation and upgrading and regional financial development in Hubei province.
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European Federation Of Investors And Financial Services Users: Where Is The Single EU Market For Financial Services? A New Green Paper From The EU
Thanks to the EU Single Market 500 million consumers should benefit from cross-border competition, often resulting in a wider choice of products, better services and lower prices. But not so for retail financial services… even though nearly all EU citizens are financial end-users with savings and bank accounts, insurance and pension scheme subscriptions or loans and mortgages to their name.
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Margin Trading Launched At Qatar Stock Exchange
Qatar Stock Exchange announced the introduction of Margin Trading at QSE and the start of application process to allow QSE members get licensed as Margin Lenders. Once a brokerage firm is licensed as a Margin Lender, it will be able to perform margin trading activity at Qatar Stock Exchange. Margin Trading will allow investors to purchase securities that are partially financed by a loan made available by a Margin Lender, a Member licensed to provide Margin Trading services.
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ICE Futures Singapore Sets Daily Volume Record In Mini Brent Crude Futures
Intercontinental Exchange (NYSE:ICE), the leading global network of exchanges and clearing houses, announced today that ICE Futures Singaporeachieved a daily volume record in mini Brent Crude futures with 14,188 contracts traded on December 9, 2015.
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European Small And Mid-Cap Awards 2015 - Polish Company Selvita Wins European Small And Mid-Cap Awards Of The Federation Of European Securities Exchanges (FESE) And European Issuers In Partnership With The European Commission
The company Selvita S.A., listed on the GPW Main Market since December 2014, has won the main award in the Rising Star category. The short-listing of Selvita in the finals of the Awards was already a major honour. The award winners in the four categories are twelve leading companies listed on European exchanges. They include three Polish companies, the biggest number from a single country.
Established in Kraków in 2007, Selvita S.A. is the biggest innovative biotechnology company in Central and Eastern Europe. It has two business segments: innovations and services. In the innovations segment, Selvita researches new original medicines, mainly oncology drugs. Selvita also partners with renowned innovative pharmaceutical companies in Western Europe and the USA. In the services segment, Selvita works among others with seven of the top ten global pharmaceutical corporations as a provider of comprehensive chemical, biotechnology and bioinformatics solutions which reduce the marketing cost of innovative products.
“I congratulate Selvita on this honour. I am glad that companies listed on GPW win prestigious international awards. Other Polish companies have previously won the European Small and Mid-Cap Awards, which attests to the strong international perception of the high quality of Polish issuers and proves that GPW is the leading exchange for Polish and international mid-cap companies. Many other strong companies also have the potential to go public and make a success,” said Grzegorz Zawada, Vice President of the Management Board of the Warsaw Stock Exchange.
The European Small and Mid-Cap Awards were opened only to those companies whose IPOs (initial public offerings) took place in 2013-2014, and which have strong fundamentals and report a long-term increase of the share price. The capitalisation of companies entered for the Awards was capped at EUR 1 billion at the IPO date.
The winners were selected by an independent jury appointed by the European Commission and composed of representatives of universities, capital markets, businesses, asset managers and financial media. The European Small and Mid-Cap Awards organised by FESE and European Issuers promote the most dynamic small and medium-sized European listed companied.
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Bank votes 8-1 to hold rates at 0.5%
UK interest rates are left unchanged at 0.5%, where they have been since early 2009.
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Start-ups have to start somewhere ... but what happens when they grow up?
The world changes every day, and some of us feel it changes faster every day. This is evidenced by the rapid cycle change in Fintech where last year's hardly mentioned thing has become this year's hot thing. Blockchain is the case in point. However, as pointed out at Fintech Connect this week, most of this start-up furore is just diddly-squat when compared with the massive size of the incumbent financial industry.
Case in point: the total market for bitcoins after almost seven years is worth $5 billion; the global FX markets move over $5 trillion a DAY. But then, as rightly pointed out by many, start-ups are start-ups and so they have to start somewhere. The counter question is where will they go when they grow up? Will they merge, be acquired or gain critical mass? Is Stripe the next Paypal; Personal Capital the new UBS; R3 the rebooted SWIFT?
We will only know the answers to these questions in a decade. Meantime, here are a few killer quotes from this weeks coverage of Fintech Connect by Business Insider (see http://uk.businessinsider.com/banks-really-have-to-fear-smarter-banks-this-startup-ceo-nailed-fintechs-dirty-secret-2015-12??r=US&IR=T).
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SWIFT Announces Global Payments Innovation Initiative - Delivering A New Standard In Cross-Border Payments
SWIFT announces a global payments innovation initiative to dramatically improve the customer experience in correspondent banking by increasing the speed, transparency and predictability of cross-border payments.
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ETFs/ETPs Listed In The United States Have Gathered A Record 201.7 Billion US Dollars In Net New Assets This Year As Of The End Of November 2015, According To ETFGI
ETFs/ETPs listed in the United States have gathered a record US$201.7 billion in net new assets as of the end of November 2015 which is 5% above the record level of US$191.8 billion of net new assets gathered at this point in 2014. This marks the 10th consecutive month of positive net inflows. The US ETF/ETP industry had 1,824 ETFs/ETPs, assets of US$2.1 trillion, from 92 providers listed on 3 exchanges at the end of November, according to ETFGI’s Global ETF and ETP insights report for November 2015 (click here to see ETFGI’s chart of United States ETF/ETP asset growth)
In the first eleven months of 2015 record levels of net new assets have been gathered by ETFs/ETPs listed globally with net inflows of US$319.3 Bn marking a 15% increase over the prior record set during the first eleven months of 2014. In the United States net inflows reached US$201.7 Bn, which is 5% higher than the prior record set last year, in Canada net inflows at US$11.4 Bn are up 10.7% over the prior record set in 2012, while in Europe year to date (YTD) net inflows climbed to US$72.6 Bn, representing a 18% increase on the record set YTD through end of November 2014. In Japan, YTD net inflows were up 210% on the prior record set in 2013, standing at US$33.7 Bn at the end of November 2015.
“Global markets were mostly down in November, developed markets outside the US declined 1%, emerging markets ended down 3% while the Dow Jones Industrial Average and the S&P 500 ended up less than 1%.” according to Deborah Fuhr, managing partner at ETFGI.
In November 2015, ETFs/ETPs listed in the United States gathered net inflows of US$26.9 Bn. Equity ETFs/ETPs gathered the largest net inflows with US$25.8 Bn, while fixed income ETFs/ETPs experienced net outflows of US$879 Mn followed by commodity ETFs/ETPs with net outflows of US$58 Mn.
YTD through end of November 2015, ETFs/ETPs listed in the United States have gathered net inflows of US$201.7 Bn. Equity ETFs/ETPs gathered the largest net inflows YTD with US$136.7 Bn, followed by fixed income ETFs/ETPs with US$49.0 Bn, and commodity ETFs/ETPs with US$861 Mn in net inflows.
iShares gathered the largest net ETF inflows in November with US$13.1 Bn, followed by Vanguard with US$7.3 Bn, First Trust with US$1.6 Bn, Schwab ETFs with US$1.3 Bn, and USCF with US$1.0 in net inflows.
YTD, iShares gathered the largest net ETF inflows with US$85.4 Bn, followed by Vanguard with US$67.3 Bn, WisdomTree with US$20.0 Bn, Deutsche Bank with US$16.9 Bn, Schwab ETFs with US$12.3 Bn and First Trust with US$10.6 Bn in net inflows.
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European Commission: Speech By Commissioner Jonathan Hill At The Launch Of The Commission's Green Paper On Consumer Finance
Today, I want to talk about financial services not from the institutional point of view, from the point of view of the consumer; about how the Single Market can bring real benefits to make people's daily lives easier and better.
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ETFs/ETPs Listed In Canada Have Gathered A Record 11.3 Billion US Dollars In Net New Assets This Year As Of The End Of November 2015, According To ETFGI
ETFs/ETPs listed in Canada have gathered a record US$11.3 billion in net new assets as of the end of November 2015 which is 10.7% above the record level of US$10.2 billion of net new assets gathered at this point in 2012. This marks the 12th consecutive month of positive net inflows. The Canadian ETF industry had 373 ETFs, with 522 listings, assets of US$66 Bn, from 12 providers on 1 exchange at the end of November, according to ETFGI’s Global ETF and ETP insights report for November 2015 (click here to see ETFGI’s chart for assets invested in ETFs/ETPs listed in Canada).
In the first eleven months of 2015 record levels of net new assets have been gathered by ETFs/ETPs listed globally with net inflows of US$319.3 Bn marking a 15% increase over the prior record set during the first eleven months of 2014. In the United States net inflows reached US$201.7Bn, which is 5% higher than the prior record set last year, in Canada net inflows at US$11.4 Bn are up 10.7% over the prior record set in 2012, while in Europe year to date (YTD) net inflows climbed to US$72.6 Bn, representing a 18% increase on the record set YTD through end of November 2014. In Japan, YTD net inflows were up 210% on the prior record set in 2013, standing at US$33.7 Bn at the end of November 2015.
“Global markets were mostly down in November, developed markets outside the US declined 1%, emerging markets ended down 3% while the Dow Jones Industrial Average and the S&P 500 ended up less than 1%.” according to Deborah Fuhr, managing partner at ETFGI.
In November 2015, ETFs/ETPs listed in Canada gathered net inflows of US$1.3 Bn. Equity ETFs/ETPs gathered the largest net inflows with US$1.1 Bn, followed by commodity ETFs/ETPs with US$30 Mn, and fixed income ETFs/ETPs with US$20 Mn in net inflows.
YTD through end of November 2015, ETFs/ETPs have seen net inflows of US$11.3 Bn. Equity ETFs/ETPs gathered the largest net inflows YTD with US$6.3 Bn, followed by fixed income ETFs/ETPs with US$3.4 Bn, and commodity ETfs/ETPs with US$29 Mn.
iShares gathered the largest net ETF/ETP inflows in November with US$609 Mn, followed by BMO AM with US$444 Mn, First Asset with US$100 Mn, Vanguard with US$93 Mn and Horizons with US$82 Mn
in net inflows.
YTD, BMO AM gathered the largest net ETF/ETP inflows YTD with US$4.5 Bn, followed by iShares with US$2.3 Bn and Vanguard with US$1.9 Bn net inflows.
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December 10, 2015 - SEC approves SS&C's SSCNet - cloud-based trade affirmation/confirmation network
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Federal Reserve Board announces that it has not objected to the resubmitted capital plan from the Bank of America Corporation
Federal Reserve Board announces that it has not objected to the resubmitted capital plan from the Bank of America Corporation
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Ministers prepare for Heathrow decision
Ministers are meeting on Thursday to decide on the future expansion of either Heathrow or Gatwick airport.
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DelphX To Cache Bond Inventories To Meet Liquidity Concerns
DelphX is restoring dealers’ ability to provide on-demand market liquidity by enabling them to access inventories held by institutional investors. The patent-pending Cached Inventory™ technology will reduce dealers’ capital requirements by eliminating their need to hold extensive fixed income inventory, while asset managers will benefit from preferential pricing and improved allocations in both the primary and secondary markets.
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CFTC To Hold An Open Commission Meeting On December 16th To Consider Final And Proposed Rules
U.S. Commodity Futures Trading Commission (CFTC) Chairman Tim Massad announced that the Commission will hold an open meeting on Wednesday, December 16, 2015 at 10:30 a.m. to consider the following:
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Federal Reserve Board Announces That It Has Not Objected To The Resubmitted Capital Plan From The Bank Of America Corporation
The Federal Reserve Board on Thursday announced that it has not objected to the resubmitted capital plan from the Bank of America Corporation.
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Moscow Exchange: Futures And Options - Final Settlement Schedule, December 2015
The last trading day and automatic settlement during the evening clearing session for options on single stock futures (GAZR-12.15 and SBRF-12.15).
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ICAPâs 23rd Charity Day Raises £7.5 Million
ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, announces today that it has raised £7.5 million on its 23rd annual global Charity Day, held yesterday. This is equivalent to approximately 3% percent of ICAP’s full year pre-tax trading profits.
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