TheTradeNews.com

Japanese listed infrastructure market takes shape

Thu, 16 May 2013 17:17:14 GMT

The Japan Exchange Group is moving ahead gradually with its concept of introducing a listed infrastructure market in Japan, according to updated plans published this week.

Innovate or degenerate, says Shenzhen CEO

Wed, 15 May 2013 2:40:26 GMT

Song Liping, president and CEO of the Shenzhen Stock Exchange, has admitted the Chinese securities industry still has a long way to go to meet the demands of the real economy through its gradual transitioning phase.

Spanish regulator outlines market reforms

Tue, 14 May 2013 16:43:18 GMT

Spanish regulator CNMV has taken steps to reform the registration, clearing and settlement system in the country's financial markets, with the publication of a set of key changes.

Quote milestone signals US market weakness

Mon, 13 May 2013 17:52:58 GMT

The US market infrastructure is on the verge of managing a capacity of three million quotes a second, but the growing disparity between quotes and filled orders will weaken the market, believes one high-frequency trading expert.

Nasdaq OMX Nordic launches low-latency risk checks

Fri, 10 May 2013 14:03:57 GMT

A new pre-trade risk management tool for listed derivatives trading will shift risk checking to the exchange level and reduce latency for market participants, according to Nasdaq OMX Nordic.

BATS Chi-X Europe becomes registered exchange

Thu, 09 May 2013 16:07:07 GMT

Pan-European multilateral trading facility BATS Chi-X Europe has received its Recognised Investment Exchange licence from UK regulator the Financial Conduct Authority, giving it greater power to challenge Europe's primary markets and potentially drive down listing costs.

Li floats return for HKEx closing auction

Wed, 08 May 2013 17:40:58 GMT

A closing auction has been absent from Hong Kong's stock exchange since 2009, but hopes of reinstatement have resurfaced.

ICE sets date for US credit futures

Fri, 03 May 2013 10:47:21 GMT

The InterContinental Exchange (ICE) will launch its first US credit futures contracts next month, which will offer an alternative to credit default swaps that are due to migrate to new electronic trading facilities, subject to rules being finalised.

ASX to launch client clearing service for OTC derivatives

Thu, 02 May 2013 17:17:24 GMT

ASX, the owner of the Australian Securities Exchange, has announced plans to launch by the end of 2013 both a clearing service for OTC derivatives and a collateral management service.

Derivatives interest building across Asia, reckons NYSE Liffe

Thu, 02 May 2013 16:59:52 GMT

Demand among Asian customers for sophisticated derivatives products is building steadily, as reflected by growing membership of NYSE Liffe.

Direct Edge offers new incentive to high-volume users

Thu, 02 May 2013 16:39:57 GMT

US exchange operator Direct Edge has released its latest incentive for high-frequency trading by offering active market participants a reduced fee to remove and route shares.

Venues 'hijack' regulatory process

Thu, 18 Apr 2013 13:52:41 GMT

Some exchange operators petitioning regulators for their own “narrow interests”, instead of working towards a safe market structure, a senior venue executive has charged, speaking at TradeTech 2013 in London yesterday

India’s MCX-SX takes fight to incumbents

Wed, 10 Apr 2013 17:37:51 GMT

India's newest exchange MCX-SX is working to raise low volumes in cash equities and derivatives, including a move to strengthen its Liquidity Enhancement Scheme to incentivise market making and help challenge the duopoly of the National Stock Exchange and the smaller Bombay Stock Exchange.

Vienna bourse labels merger talks ‘normal course of business’

Wed, 10 Apr 2013 15:46:52 GMT

The Vienna Stock Exchange has played down rumours that it is in discussions with the Warsaw Stock Exchange about a possible merger.

Small HK after-hours futures volumes belie big plans

Tue, 09 Apr 2013 16:30:29 GMT

Hong Kong Exchanges and Clearing CEO Charles Li Xiaojia downplayed modest volumes in the first after-hours futures trading session Monday, comparing its new session to a small child learning to walk.

NYSE complies with limit up-limit down after “strenuous” objection

Mon, 08 Apr 2013 17:56:39 GMT

The New York Stock Exchange on Monday complied with an SEC requirement that it partly decommission volatility-dampening liquidity refreshment points after claiming their removal threatened to force markets into a single mould.

Nasdaq to launch ETF liquidity incentives

Thu, 04 Apr 2013 13:53:24 GMT

Exchange operator Nasdaq OMX will launch an incentive programme this quarter for exchange-traded funds listed on its US market that will rebate market makers for providing liquidity.

JPX: necessary but insufficient to revitalise Japanese markets

Thu, 04 Apr 2013 8:37:30 GMT

The creation of the Japan Exchange Group from the merger of the Tokyo Stock Exchange and Osaka Securities Exchange is a move in the right direction, but does not itself bring about the kind of "disruptive innovation" required to reform Japanese markets, according to Celent's Eiichiro Yanagawa, author of a report on the impact of the new exchange.

ASEAN Trading Link extends to Vietnam

Wed, 03 Apr 2013 18:54:51 GMT

The second phase of the initiative that intends to connect seven stock markets across the Association of Southeast Asian Nations will kick off with the accession of the Ho Chi Minh Stock Exchange, it emerged this week.

Warsaw Exchange makes short work of migration

Wed, 03 Apr 2013 14:39:30 GMT

Poland's Warsaw Stock Exchange will operate new shorter trading times when it migrates to a new trading system on 15 April.

LSEG furthers derivatives ambitions amidst trading slump

Thu, 28 Mar 2013 12:08:17 GMT

The London Stock Exchange Group has announced plans to launch a swaps trade repository and taken another step towards its acquisition of LCH.Clearnet as plans to bolster its derivatives business progress.

SGX plots new FX futures

Wed, 27 Mar 2013 17:23:01 GMT

The Singapore Exchange is consulting the market on the potential launch of four new foreign exchange futures contracts, ahead of a prospective Q3 launch.

JPX charts course for growth

Tue, 26 Mar 2013 12:11:13 GMT

The Japan Exchange has laid out its future plans for growth, which include improving its arrowhead trading system to grow its equity market and make Japanese stocks more appealing.

Over the counter and under the radar

Mon, 25 Mar 2013 14:45:02 GMT

An interesting report on liquidity fragmentation was released last week, but the International Organisation of Securities Commissions gave it such a boring title you might have missed it.

NYSE Euronext joins mini options trend

Tue, 19 Mar 2013 10:31:03 GMT

US exchange operator NYSE Euronext has joined competing US venues in offering mini options contracts for the most popular underlying stocks on its NYSE Arca and NYSE Amex exchanges.

LSEG calls time on Delhi deal

Fri, 15 Mar 2013 15:56:09 GMT

The London Stock Exchange Group is likely to pull out of a deal that would have revived the Delhi Stock Exchange, despite having delivered technology to the bourse last year.

Bombay seeks foreign liquidity with Eurex deal

Thu, 14 Mar 2013 11:42:32 GMT

The Bombay Stock Exchange will overhaul its technology platform after a striking a deal with Deutsche Börse-owned Eurex Group, in a bid to grow derivatives volumes on its market.

SGX plots Asian derivatives dominance

Wed, 13 Mar 2013 11:57:57 GMT

The Singapore Exchange has announced a series of initiatives designed to build its derivatives business and expand its reach across the Asian region.

New Nasdaq market targets high-growth companies

Mon, 11 Mar 2013 10:57:17 GMT

US exchange operator Nasdaq OMX has entered into a joint venture with SharesPost, a private shares market, to create a new platform for non-listed, high-growth companies.

FEX offers a new twist on Australian derivatives competition

Wed, 06 Mar 2013 15:23:26 GMT

A new derivatives exchange in Australia could spark a liquidity rush and drive down trading prices through quasi-competition with established venues, according to one industry expert.

Fat-finger fine shows pre-trade risk failings

Wed, 27 Feb 2013 15:11:36 GMT

A manual input error on Nasdaq OMX Stockholm which caused an erroneous trade by a sponsored access client has exposed pre-trade risk management failures, as well as a lack of clarity on European automated trading guidelines.

HKEx bets on China market access to boost equities

Wed, 27 Feb 2013 11:53:53 GMT

Hong Kong Exchanges and Clearing will target mutual market access initiatives with mainland China as part of plans to revitalise its equity markets after a four-year volume low.

BME interested in Euronext purchase

Mon, 25 Feb 2013 15:34:54 GMT

A senior executive of Spain's domestic stock exchange has stated his firm will look at acquiring European exchange operator Euronext, if it is sold as part of the NYSE Euronext-IntercontinentalExchange merger.

Portugal exchange chief warns of EU FTT damage

Mon, 25 Feb 2013 11:12:41 GMT

The head of the Portugal's domestic stock exchange has demanded the government pulls its support for a European financial transaction tax until it has the backing of all EU members.

Philippines bond market extends ties with Nasdaq OMX

Thu, 21 Feb 2013 13:17:15 GMT

Market operator Nasdaq OMX has deployed its SMARTSOnline market surveillance system to the Philippine Dealing and Exchange Corporation, the operator of a domestic fixed income market.

ASX targets trading from overseas firms

Wed, 20 Feb 2013 10:02:18 GMT

The Australian Securities Exchange is targeting greater connectivity to its markets from international trading firms with the launch of ASX Net Global, its new low-latency network.

SEC approves Nasdaq OMX retail plan

Tue, 19 Feb 2013 10:21:09 GMT

Nasdaq OMX will join the other main US exchanges in offering a new segment on its market designed specifically for retail flow after receiving regulatory approval for its Retail Price Improvement plan.

HKEx sets date for after hours futures trading

Fri, 15 Feb 2013 15:51:11 GMT

Hong Kong Exchanges and Clearing will offer trading of futures outside of trading hours from 8 April, letting buy-side traders adjust their positions based on events in US and Europe.

New Indian bourse faces tough road ahead

Wed, 13 Feb 2013 16:46:28 GMT

MCX-SX, India's newest stock exchange, has got off to a quiet start in its bid to become a serious rival to the country's two incumbent bourses, registering low volumes in its first three days of trading, following its launch on Monday.

Banks lend support to LSE's International Board

Fri, 08 Feb 2013 13:36:14 GMT

UK-based exchange operator London Stock Exchange has signed deals with two investment banks to help grow liquidity on its new market for international stocks.

Eurex clears first buy-side IRS trades

Wed, 06 Feb 2013 13:26:59 GMT

Eurex Clearing, the central counterparty owned by Deutsche Börse, has successfully cleared interest rate swap trades on behalf of two of Europe's largest buy-side firms.

US IRS market gears up for launch with Interactive Data deal

Tue, 05 Feb 2013 14:16:49 GMT

Interactive Data will offer hosted services to trueEX, a US designated contract market for interest rate swaps, through its 7ticks platform, as preparations for the impending OTC derivatives legislation accelerates.

HKEx opens new data centre

Thu, 31 Jan 2013 12:38:02 GMT

Hong Kong Exchanges and Clearing has opened its new data centre in a bid to strengthen the foundation of its market infrastructure.

ISE to focus on ETF issuance

Thu, 31 Jan 2013 11:04:40 GMT

The International Securities Exchange has overhauled its product development group to reflect a growing focus on exchange-traded fund trading.

HKEx breaks new ground for derivatives

Wed, 30 Jan 2013 14:25:10 GMT

Hong Kong Exchanges and Clearing (HKEx) is planning to significantly expand its derivatives offering, in particular breaking into fixed income derivatives, an area it has left relatively untouched up until now, while also expanding its equity range.

Thai bourse targets electronic trading growth

Tue, 29 Jan 2013 12:00:03 GMT

The Stock Exchange of Thailand is planning to offer a wider choice of electronic execution tools in a bid to attract market participants and increase revenues.

MCX-SX opens equities and derivatives markets

Mon, 28 Jan 2013 16:06:55 GMT

New India exchange, MCX-SX will begin live trading in derivatives and equities on 11 February.

Oslo Børs finalises Burgundy takeover

Mon, 28 Jan 2013 11:37:03 GMT

Norwegian exchange operator Oslo Børs has completed its purchase of Nordic-focused trading venue Burgundy after regulators approved the acquisition.

JPX forges links with India and Istanbul exchanges

Wed, 23 Jan 2013 10:55:30 GMT

The Japan Exchange Group has signed agreements to list yen-dominated S&P CNX Nifty Index futures with India's National Stock Exchange, and to cross-list exchange-traded funds with the Istanbul Menkul Kiymetler Borsasi.

NYSE Liffe plans exchange-level order limits

Tue, 22 Jan 2013 12:09:57 GMT

NYSE Euronext has laid out its plans for technology changes to venues, including new pre-trade risk filters for brokers on its derivatives market.