Wednesday 23rd April 2014
flextrade
Clearstream has agreed to purchase Citco’s hedge fund custody processing unit in Cork for a sum in the ‘mid-double-digit-million euro range’ - The National Bank of Abu Dhabi (NBAD) has become the first licensed market-maker in the United Arab Emirates after winning approval from the Securities and Commodities Authority (SCA) - BlackRock has been awarded its first Renminbi Qualified Foreign Institutional Investor (RQFII) licence by the China Securities Regulatory Commission (CSRC) - An index joint venture between FTSE Group and Canada’s TMX Group has acquired the indices business of MTS, a European electronic fixed income trading business owned by the London Stock Exchange - The European leveraged finance market is set to undergo a shift this year, as private equity sponsors veer back towards loans to finance leveraged buyouts, says S&P Capital IQ - Turkish corporates are the most exposed among EMEA emerging markets to a scenario of slowing growth, rising interest rates and a persistently weak local currency, according to Fitch Ratings - London-based Global Markets Exchange Group (GMEX) is in talks to acquire an equity stake in ALTX Africa Group, a new exchange operator focusing on East Africa - Alternative asset managers with expertise in high-yield fixed income and distressed assets are upping their investments in the peer-to-peer loan market, according to a new report from Cerulli Associates.
Europe

Trading in Italian stocks has fallen by 34.2% since the introduction of a Financial Transaction Tax (FTT) twelve months ago, according to research from Credit Suisse.

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The Basel Committee on Banking Supervision has appointed William Coen as its next secretary general, for an initial term of three years. He will also serve as the chairman of the Committee's Policy Development Group. 

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Rising investment management fees helped push BNY Mellon’s first quarter profit up by 12% in this year’s first quarter. The US custodian bank made a profit of $926m (£550m) in the three month period, up from $825m between January-March 2013. 

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Jonathan Sudaria, dealer at Capital Spreads.
Wednesday, 23 April 2014

Mixed cues, mixed moves

European equities have opened marginally on the up this morning as traders remain cautiously optimistic. Although the US’s earning season appears to be doing a good job of keeping the bulls fuelled, looking east however, another sign of weakness from China’s manufacturing industry is cause for concern. The gains over the last few days have seen a welcome turn around after the initial weak start to the month, but now as we edge near to the top of recent range, traders are looking hesitant in case sellers emerge again.

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State Street Global Advisors has made three new appointments to its institutional business in the UK, Italy and Benelux region.

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Wednesday, 16 April 2014

EU leaders approve MiFID II rules

The European Parliament yesterday signed off the revised Markets in Financial Instruments Directive (MiFID) and its associated regulation after more than three years of discussions.

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Deutsche Borse and SET forge closer ties

Plans are in place to strengthen the securities and derivatives markets between Germany and Thailand after Deutsche Borse signed an agreement with Thailand’s stock exchange.

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Jonathan Sudaria, dealer at Capital Spreads.
Wednesday, 16 April 2014

Relief rally or real rally?

European equities have opened higher this morning, tracking an overnight surge in the US markets. Although yesterday’s European session was dogged by worries of the escalating situation in the Ukraine, something kicked off a buying spree in the US which is dragging everyone else along with them. Despite fighting breaking out on the ground, pundits have put the reversal down to everything from rumours that Japan will downgrade its economic assessment possibly leading to yet more QE, all the way to HFT bots messing around with nervous markets. What is for sure is that Kiev and Moscow aren’t about to shake hands and put their differences aside so nervous, jittery market conditions are set to persist.

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Blogs

  • Wednesday, 23 April 2014 07:52Mixed cues, mixed moves
    European equities have opened marginally on the up this morning as traders remain cautiously optimistic. Although the US’s earning season appears to be doing a…
  • Monday, 14 April 2014 13:20The dangers of twin deficits
    What characterises twin deficits, and is their presence in the US, UK and now Japan, cause for alarm? The term “twin deficits” refers to a…
  • Tuesday, 22 April 2014 13:14Cybersecurity update
    Two significant developments occurred in the cybersecurity space last week which signify how important the issue is to US regulators.

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