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Eurex: Listed futures could boost property derivatives

International derivatives exchange Eurex will launch property futures in the first quarter, a move that could improve liquidity.

November 26, 2008

PowerShares Launches Real Estate ETF

PowerShares launched the Active Real Estate Fund, which tracks the FTSE NAREIT Equity REITs Index. (ETFTrends)

November 26, 2008

BANKING

ETF Assets To Hit $2 Trillion By 2011

Global assets in exchange-traded funds will hit the $2 trillion mark some time in 2011 in spite of the current global financial crisis.

November 26, 2008

BANKING

Real estate: Global volumes slump in 2008, hangover predicted for 2009

The impact of the credit crunch has been far-reaching, with global property markets left severely damaged. What started off as a largely isolated problem of the US sub-prime mortgage market and some structured credit intensified and spread across the globe over the course of 2008. The repercussions will continue to impede business and thwart growth in property throughout 2009.

November 26, 2008

BANKING

US treasury market – The problem: the settlement system for the US government bond market has broken down

The US treasury market, the foundation of government bond and corporate bond markets worldwide, is suffering a crisis of confidence at the worst possible moment. Investors in treasuries are the lenders enabling the US government bail-out of the country’s broken financial institutions. That leaves them financing purchases of equity of volatile and highly questionable worth and backing a ragbag of distressed assets.

November 25, 2008

BANKING

US treasury market – The mechanics: fear of counterparty failure has frozen the Treasury repo market

Although the catalyst that led to this record amount of fails in treasuries, spiking at $2 trillion, was the collapse of Lehman Brothers, it is the settlement system and lack of regulatory oversight that has led to this risk of market failure.

November 25, 2008

BANKING

US treasury market – The solution: more incentives to lend, steeper financial penalties for failing to deliver

The Federal Reserve should now be running out of patience with industry participants that have allowed fails to deliver to continue for as long as they have. Promises from market participants to reduce fails have not only been broken – fails have in fact increased in number.

November 25, 2008

BANKING

US treasury market – The mechanics: fear of counterparty failure has frozen the Treasury repo market

Although the catalyst that led to this record amount of fails in treasuries, spiking at $2 trillion, was the collapse of Lehman Brothers, it is the settlement system and lack of regulatory oversight that has led to this risk of market failure.

November 25, 2008

BANKING

US treasury market and fails to deliver – The history: dealers have resisted improvements in their greed for profits

For years, efforts by the US Treasury itself to formally resolve the growing fails issue have been brushed aside by market participants as unnecessary.

November 25, 2008

BANKING

US treasury market – The consequences: higher costs for the US government at the very moment it is poised to borrow more

More bonds being traded than exist defies the natural laws of supply and demand. While greater demand for treasuries should be allowing the US government to lower borrowing costs, the inflated supply through duplicated bonds could lead to higher borrowing costs.

November 25, 2008

BANKING

US treasury market reaches breaking point

As attention focuses on the treasury market's ability to cope with the US's growing funding needs, Euromoney reveals the structural issue that could cause the world's market of last resort to grind to a halt in its hour of greatest need.

Helen Avery, November 25, 2008

Foreign Exchange

ICE warming up?

The revamped currency contracts on ICE Futures US appear to be attracting some steady early interest. Turnover in its ICE Millions, which were launched on November 6, breached the $1 billion in notional traded barrier for the first time yesterday (Thursday). ICE has taken a relatively low-key approach to marketing the product, suggesting that it is a viable and cost-effective alternative to other offerings, rather than a new market paradigm.

November 21, 2008

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