TheTradeNews.com

Stocks still losing appeal for Australian investors

Fri, 24 May 2013 16:14:31 GMT

The Australian Securities Exchange’s (ASX) latest Australian share ownership study shows fewer Australian citizens actively invested in the stock market in 2012.

Asian sell-side pay slides; equities hit hardest

Fri, 24 May 2013 16:11:57 GMT

Pay is a thorny issue, especially on the sell-side, where it is down significantly from pre-crisis levels and continuing to trend lower, according to a speaker at Thursday’s Asia Pacific Trading Summit, held in Hong Kong.

Chi-X Australia breaches AU$1 billion daily traded mark

Thu, 23 May 2013 16:21:03 GMT

Alternative trading venue Chi-X Australia today traded in excess of AU$1 billion for the first time, as it maintains a consistent share of local equities trading.

ITG extends POSIT suite to Singapore

Thu, 23 May 2013 11:01:18 GMT

Execution and research broker ITG has extended the reach of its POSIT suite of crossing and aggregation tools to Singapore.

Small investors at greater risk as institutions grow in Shenzhen

Wed, 22 May 2013 13:38:03 GMT

The Shenzhen Stock Exchange published a study on 15 May 2013 that analyses the behavioural change of investors in the Shenzhen market. It shows the continued heavy participation by retail investors, even as institutional investment accumulates more of the free-float.

ASIC rule changes may shrink Australian dark pools

Wed, 22 May 2013 13:32:43 GMT

Changes to rules governing dark pools in Australia on 26 May may prompt a shift of equity market liquidity back onto lit trading venues, but mid-point crossing services are expected to thrive.

Fox River expands into Japanese equities market

Tue, 21 May 2013 4:31:42 GMT

SunGard has announced that its algorithm provider, Fox River Execution Solutions, is set to expand its Asian coverage to offer use of its algorithms in the Japanese equity markets.

HKEx launches quartet of mainland futures

Mon, 20 May 2013 17:04:32 GMT

Hong Kong Exchanges and Clearing plans to introduce four new futures products that will broaden the choice for investors in mainland Chinese stocks.

Koscom to use smartTrade SOR as venue competition looms

Fri, 17 May 2013 12:26:52 GMT

Koscom says it will use smartTrade’s liquidity management system to offer aggregation and smart order routing services to help their clients connect to new alternative trading systems in Korea.

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.

JPX and Nikkei to develop a new Japanese index

Thu, 16 May 2013 17:15:54 GMT

Agreement has been struck to develop a new stock price index in Japan. Japan Exchange Group, the exchange operator formed from the merger of the Tokyo Stock Exchange and Osaka Securities Exchange, are to combine with Nikkei to build the new product.

Asia leads the pack in cross-listed futures

Wed, 15 May 2013 10:31:19 GMT

Where in the world do cross-listed futures most frequently appear in local exchanges? Surprisingly, it is in Asia. That is according to a report from the financial industry research firm, TABB Group.

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.

High frequency and dark pools are the ‘new normal’ says ASIC’s Medcraft

Mon, 13 May 2013 13:06:46 GMT

In a speech given to the Australian Shareholders Association by ASIC chairman Greg Medcraft last week, he made favourable comments about both dark pools and high-frequency trading (HFT), concluding that they had become the "new norm".

Charles River slims Japanese client’s IT structure

Fri, 10 May 2013 14:17:45 GMT

Daiwa SB Investment, a large Japanese active manager, is to use the Charles River Investment Management Solution Version 9 for portfolio management, trading and pre-trade compliance for both international and domestic investment management operations.

Gresham Computing boosts Australian network

Thu, 09 May 2013 15:56:10 GMT

Gresham Computing, a UK-based provider of reconciliation tools and other technologies to financial institutions, is increasing the size of its Australian network, with a new headquarters in Sydney and new office in Melbourne.

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.

MAS consults Singapore on RMB regulation

Wed, 08 May 2013 8:02:09 GMT

The Monetary Authority of Singapore has issued a consultation paper on proposed regulation of Renminbi foreign exchange conversions, and has requested feedback on its suggestions by the end of next week.

Australian market transformation revealed by ASIC data

Tue, 07 May 2013 16:40:22 GMT

The Australian Securities and Investments Commission has published a new statistical series that seeks to improve disclosure relating to execution quality on Australian equity markets. Its new equity market data will be produced on a quarterly basis, with the first publication relating to the quarter ended March 2013.

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.

Thai launch marks Liquidnet’s tenth market in Asia

Wed, 01 May 2013 15:44:34 GMT

Liquidnet has launched Thai stocks on its platform, following hot on the heels of the buy-side block crossing provider's recent expansion into Indonesia, Malaysia and the Philippines.

Japan’s domestic exchange increases market share as volumes spike

Wed, 01 May 2013 15:34:19 GMT

Equity turnover rose in Japan during April to US$854.89 billion for the month, compared to US$587.95 billion during March, with the incumbent exchange faring better than alternative venues. One year ago, in April 2012, total turnover within Japan's markets was $316.2 billion.

HKEx squares up to SGX on OTC derivatives

Fri, 26 Apr 2013 16:48:40 GMT

Hong Kong is gearing up to challenge Singapore's regional dominance in OTC derivatives clearing.

FTSE takes on RMB indices in bond index push

Thu, 25 Apr 2013 17:08:06 GMT

The FTSE Group will take over the calculations for offshore RMB fixed income indices created by the Bank of China (Hong Kong) as part of an agreement to develop a series of new benchmarks.

Euroclear adds Standard Chartered to collateral initiative

Thu, 25 Apr 2013 13:29:09 GMT

Euroclear has added Hong Kong-focused bank Standard Chartered to global initiative to streamline collateral provisions for tri-party repo transactions, ahead of regulation expected to create a strain on collateral demand.

StanChart-Clearstream deal to support collateral needs in Asia

Wed, 24 Apr 2013 16:58:09 GMT

Asia-focused bank Standard Chartered is partnering with Clearstream to allow mutual clients to place holdings into a single collateral pool, ahead of OTC derivatives rule changes.

Major derivatives brokers could exit Asia over clearing

Wed, 24 Apr 2013 14:55:24 GMT

The overseas banks that dominate Asian OTC derivatives markets could be forced to rein in their activities by the cost of complying with diverse new regulatory regimes, according to a report commissioned by the International Swaps and Derivatives Association published this week.

Nomura Asset Management adopts Omgeo matching tool

Wed, 24 Apr 2013 12:52:05 GMT

Nomura Asset Management, one of Japan's largest investment managers, is now using post-trade solutions firm Omgeo's central matching service.

BNP Paribas adjusts custody business to target Australian buy-side

Wed, 24 Apr 2013 12:47:52 GMT

Global custodian bank BNP Paribas Securities Services has adjusted its operations in Australia to drive closer engagement with buy-side firms, as it seeks to expand its share of the country's custody market.

SGX appoints new equities chief

Fri, 19 Apr 2013 13:29:10 GMT

Singapore Exchange has hired Jenny Chiam as senior vice president of head of securities to lead the venue's equities strategy.

Unique challenges need bold solutions

Thu, 18 Apr 2013 11:53:53 GMT

Traders active in Asia face liquidity sourcing issues that simply don't exist in other regions, believes Kent Rossiter, head of Asia-Pacific trading at Allianz Global Investors.

ASX consolidates clearing position as competition looms

Thu, 18 Apr 2013 8:56:23 GMT

A clearing and settlement code of conduct released by Australia's incumbent exchange last week signals the venue operator will look to consolidate its current monopoly position before equities clearing competition begins in the country.

SBI Japannext launches crossing platform

Tue, 16 Apr 2013 19:00:34 GMT

Tokyo-based Japannext will next month launch a platform that allows orders to be crossed before the primary exchange market opens and settled at the volume-weighted average price after it closes.

Asian exchange volumes soar in March

Tue, 16 Apr 2013 18:06:52 GMT

Exchanges in Asia have shown strong performance in March, as they recover from a weaker than usual February, according to a new report.

Nomura joins S&P to create bond indices

Tue, 16 Apr 2013 10:10:26 GMT

Nomura will develop new fixed income indices as part of new collaboration with S&P Dow Jones Indices, based on the Japanese investment bank's Bond Performance Index.

FEX, LCH.Clearnet receive approval for Australian operations

Thu, 11 Apr 2013 17:24:25 GMT

Australia's new listed derivatives venue FEX Futures Exchange is set to launch mid-year, after receiving regulatory approval to trade by the Government.

Mizuho strips last of Lehman’s team

Wed, 10 Apr 2013 17:47:30 GMT

One of Japan's top three banks, Mizuho Financial Group, has fired the last remaining member of the Lehman Brothers electronic trading team it brought to Japan in 2008.

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.

SGX swaps competition for collaboration

Wed, 10 Apr 2013 14:57:58 GMT

The Singapore Exchange on Thursday signed an agreement with the China Financial Futures Exchange (CFFEX) to collaborate on the development of the two countries' derivatives markets.

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.

China A-shares grow on regional support

Mon, 08 Apr 2013 17:45:29 GMT

Demand for China A-share funds is booming due largely to greater uptake in the Asian region, a new report from the Singapore Exchange has found.

SBI Japannext breaches record in Abenomics shake-up

Fri, 05 Apr 2013 14:35:41 GMT

Japanese proprietary trading system SBI Japannext hit a new daily trading record as the country's markets surged on news of a government plan to eradicate deflation.

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.

Bond funds draw Asian investor interest further afield

Wed, 03 Apr 2013 18:13:51 GMT

According to figures from research firm Strategic Insight, an affiliate of The TRADE, bond funds in 2012 captured comparatively high inflows in Asia compared to equity funds, with implications for outbound investment from individual Asian markets.

Asian Q1 equity volumes dominated by follow-on offerings

Wed, 03 Apr 2013 14:58:14 GMT

In Q1 2013, total proceeds from Asia-Pacific-listed equity and equity-linked deals (ex-Japan) saw a 13.3% sequential decline from the US$52.6 billion recorded in the fourth quarter 2012, according to figures from Thomson Reuters for the period to 25 March. Proceeds of US$45.6 billion nevertheless reflect a 6.2% increase on Q1 2012.

Fildes flies south to replace Fowler at Chi-X

Wed, 03 Apr 2013 12:51:07 GMT

Chi-X Australia, the alternative trading venue, has confirmed that former GETCO and Instinet executive John Fildes will replace outgoing CEO Peter Fowler on 1 May.

Australia, Japan drive Asia swaps reforms

Wed, 27 Mar 2013 19:39:06 GMT

Australia and Japan have emerged as Asia's leading reformers, outlining details of further large-scale regulations governing OTC derivatives markets in line with global reforms.

New SFC rules shift responsibility to intermediaries

Wed, 27 Mar 2013 18:30:20 GMT

The Hong Kong securities regulator has added new compliance and risk management rules for brokers and stricter standards for systems reliability and maintenance, in a report welcomed by the industry.