Tuesday 21st May 2013
FTSE-GM---ticker-sponsor-logo-DB
The FTSE 100 rallied to a 13-year high yesterday as investors pushed the index up to close at 6,755.63 points - its highest closing level since September 2000 - BlackRock is set to double the amount of money it has invested in real estate after reaching a deal to buy independently managed real-estate advisory business MGPA - Russian broker BCS Financial Group has bolstered its international sales and research teams with two new hires - JPMorgan will end its transition management operations in the US, Europe, Middle East and Africa - Emirates Islamic Financial Brokerage (EIFB), a major Shariah-compliant broker in the UAE, has become a member of Nasdaq Dubai, the region's international exchange. EIFB will focus on opportunities for trading Shariah-compliant shares listed on Nasdaq- Moody's Investors Service confirmed the ratings of Elan Corporation, plc ("Elan") including the Ba3 Corporate Family Rating and the Ba2-PD Probability of Default Rating. This concludes the rating review for downgrade initiated on May 13, 2013. At the same time, Moody's assigned a Ba3 rating to the new senior unsecured note offering of Elan Finance plc, guaranteed by Elan. The rating outlook is stable – According to data released by the National Bureau of Statistics(NBS) last Saturday, China's housing inflation accelerated to its fastest pace in April in two years, driven by a jump in prices in Beijing and Shanghai, complicating the task of policymakers trying to cool the property sector while supporting economic expansion. Average new home prices rose 4.9% last month from a year ago, after a year-on-year increase of 3.6%. The rise was the sharpest since April 2011 – S&P reiterated its negative outlook on India’s credit rating last Friday, despite a previous attempt by government officials to push for an upgrade in light of their actions to put India’s finances in order. India’s credit rating is BBB-, one notch above “junk” – JP Morgan Asset Management is to launch an investment company investing in convertible securities from a range of sectors, targeting income and the potential for long-term capital growth. Domiciled in Guernsey, the JPMorgan Global Convertibles Income Fund will be managed by the convertible bond team headed by Antony Vallee -ABS deals currently in the pipeline include: €800m Bavarian Sky German Auto Loans 1; $238m CarFinance Auto Receivables Trust 2013-1; $599.7m Edsouth Indenture No.4 Series 2013-1; and €300m Volta Electricity Receivables Securitisation – RMBS deals in hand include Firstmac Series 1E-2013 and £420.6m Kenrick No.2; $425m HLSS Servicer Advance Receivables Trust series 2013-T2 and $425m 2013-T3 – CMBS deals underway include the $510m JPMCC 2013-JWRZ and $1.47bn WFRBS 2013-C14 -

FPL Latin America Electronic Trading Conference

FPL Latin America Electronic Trading ConferenceAugust 2nd | Tivoli Hotel, São Paulo www.fixprotocol.org/latam2012http://www.ftseglobalmarkets.com/

Secure Your Place at the FPL Latin America Electronic Trading Conference, Created by the Latin American Trading Community

August 2nd | Tivoli Hotel, São Paulo
www.fixprotocol.org/latam2012

Building on the success of previous FPL events in Latin America, this year’s conference is set to bring together more than 350 senior representatives from across the region’s buy and sell-side, regulator, trading venue and vendor communities. Join FPL in Sao Paulo and benefit from an event that will offer:

• Separate business, strategic and technical streams, exploring the critical issues, challenges and opportunities impacting firms trading in the region in 2012 and beyond
• An agenda created by senior representatives from the Latin American trading community to address the real needs of the Latin American trading community
• The opportunity to hear the thoughts and impartial perspectives of more than 30 leading experts on the issues that matter to your firm
• Invaluable learning opportunities for representatives from across the region’s trading community
• The opportunity to meet with key decision makers through the many networking opportunities available throughout the day and at the evening cocktail reception

Topics for discussion will include:
• The future of electronic trading internationally and the opportunities and challenges that emerging trends will present to firms in Latin America
• As Dodd Frank reforms and the Volcker rule take shape in the US, what is the likely impact for OTC derivatives trading in Latin America?
• The Brazilian post-trade environment and the potential benefits that increased use of FIX for post-trade processing could present
• Trading across multiple venues in Latin America
• How firms could more effectively measure and control the true costs of trading
• Accessing Liquidity and gaining increased transparency: How can firms understand if they really did achieve best execution?
• Trade information: What data is available to firms trading in Latin America and how are firms using it?
• Trading locally verses internationally: Risk management and regulatory issues to consider
• Meeting the challenges of latency measurement
• How the latest developments from FPL could help support your firm’s emerging business needs
For further agenda details please visit: www.fixprotocol.org/latam2012/program

Register Today
All FPL member firms receive a FREE allocation of passes to attend this event and FREE attendance is available for all representatives from the buy-side and regulatory communities.

Give vital input into our June 2013 Collateral Management roundtable, sponsored by Clearstream.

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