Managers
ICE Endex is now a fully owned subsidiary of Intercontinental Exchange (ICE), following ICE’s acquisition of the remaining 20 per cent stake of ICE Endex shares from NV Nederlandse Gasunie.
Terms of the deal have not been disclosed.
In addition, ICE and Gasunie have signed a Memorandum of Understanding (MOU) which sets out the basis for further cooperation between the two parties in relation to the operation of the Dutch gas and power markets following ICE’s acquisition of the Gasunie Shares.
“Gasunie have been terrific partners in building ICE Endex and in growing the Dutch TTF gas futures
The June 2017 average daily transaction value on the Euronext cash order book stood at EUR8,242 million, relatively stable (-1.2 per cent) compared to June 2016 and down 2.7 per cent from the previous month.
The average daily transaction value on ETFs was EUR414 million, down 39.4 per cent compared to June 2016 and down 24.5 per cent from the previous month. Our ETF offering increased this month with 822 listings at the end of June compared to 790 end of 2016.
The average daily volume on equity index derivatives reached 247,489 contracts in June 2017, up 1.1 per
Pan-European private equity firm IK Investment Partners’ (IK) IK Small Cap I Fund is to acquire a minority stake in Third Bridge, a primary research provider. Financial terms of the transaction have not been disclosed.
Third Bridge provides its clients with insights into companies and markets through access to industry experts and market research. Serving a client base of over 300 customers, including private equity funds, consulting firms, hedge funds and corporates, Third Bridge has a global footprint, with six offices covering America, Asia and Europe. Since inception in 2007, the Company has doubled its turnover every two years, and
The UK was the main culprit for the biggest decline in the S&P Europe 350 since the UK voted to leave the EU, according to analysis carried out by Tim Edwards (pictured), senior director, index investment strategy at S&P Dow Jones Indices.
Separately, the S&P Italy Sovereign Bond Index was the best performing bond index in the attached S&P Dow Jones Indices Europe Dashboard for June.
Edwards says : “In what proved to be a challenging month across the board for European markets, the S&P Europe 350 posted its biggest monthly decline since the U.K. voted to leave the
Lorne Park Capital Partners has signed a letter of intent (LOI) to purchase all of the outstanding securities of Crestridge Asset Management (Crestridge), an independent portfolio manager based in Toronto.
Crestridge provides discretionary investment management and wealth management services for individuals, trusts and foundations with clients across Canada. As of 31 May, 2017, Crestridge had approximately CAD120 million in assets under management.
“We are confident that we have found a new partner in Crestridge that shares similar perspectives on investment management and a commitment to delivering tailored investment solutions to affluent families,” says Robert Sewell, (pictured), Chief Executive Officer
PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 167.7 TWh in June 2017, including 108.1 TWh traded on its futures segment. The overall volume increase of 34 per cent was supported by new high marks on the CEGH VTP and ZTP delivery areas.
Spot trading volumes in June reached 59.6 TWh , which represents an increase of 48 per cent compared to the previous year (40.2 TWh). The volume on the Dutch TTF market area amounted to 15.5 TWh, a growth of 26 per cent compared to June 2016 (12.3 TWh). The German delivery
Following the launch of futures and options on the popular MSCI EAFE index that represents the developed markets of Europe, Australasia and the Far East, Eurex has become the only exchange that offers futures and options on all major MSCI indexes.
And with the introduction of futures on the EURO STOXX 50 Corporate Bond Index, Eurex is the first mover offering an exchange traded market for the corporate bond segment in Europe.
The new products meet the market’s needs, especially those of the buy side whose investment behaviour is undergoing structural changes. Passive products like Exchange Traded Funds (ETF)
Malta’s launch of its Institutional Securitisations Market (ISM) later this year will put the country on a competitive footing in the sector with Luxembourg and Dublin, according to Managing Partners Group (MPG), the international asset management group.
Jeremy Leach (pictured), Chief Executive Officer at MPG, believes the move signifies a huge effort by the Malta Stock Exchange (MSE) in advancing its services and improving the quality of financial services conducted in the country. The timing of the launch, in which the ISM will become a segment of the Exchange, also coincides with the introduction this year of the new ‘Simple,
In June 2017, the European Energy Exchange (EEX) achieved a total volume of 181.2 TWh on its power derivatives markets (June 2016: 374.7 TWh).
The June volume comprises 106.5 TWh traded at EEX via Trade Registration with subsequent clearing. Clearing and settlement of all exchange transactions was executed by European Commodity Clearing (ECC).
EEX launched new contracts during the month offering its customers further hedging opportunities against the background of the impending split of the German-Austrian price zone. On 26 June, the Phelix AT Future for the Austrian market and further short-term maturities as well as a Non-MTF offering
Low volatility net asset value (LVNAV) money market funds (MMFs), a new fund category introduced as part of a new regulatory reform of the sector in Europe, will likely attract a large chunk of the almost EUR600 billion in assets currently held in prime constant net asset value (CNAV) funds, according to a new report from Moody’s.
Under the new regulation, prime CNAV MMFs will be phased out by January 2019.
LVNAV funds closely resemble the current CNAV model in risk and structure, but unlike CNAV funds allow the imposition of liquidity fees and redemption gates on investors under
