Derivatives

The Tokyo Stock Exchange plans to rebuild its Japanese futures trading market to pre-crisis levels with a new futures trading platform from NYSE Technologies, the IT arm of exchange group NYSE Euronext.

The admission of the first remote trading participant on the Tokyo Financial Exchange is expected to open the door for similar agreements on Japanese exchanges.

The European Commission (EC) has tabled proposals aimed at making derivatives trading and short selling more transparent and efficient.

The Singapore Exchange has stated it will list American depositary receipts of 19 major Asian companies on its new GlobalQuote board from 22 October 2010.

Trading systems and connectivity provider Orc Software has introduced a new direct market access service to pan-Asian multi-product commodity and currency derivatives platform the Singapore Mercantile Exchange.

Singapore Exchange chairman J Y Pillay will step down on 31 December 2010 and will be succeeded by Chew Choon Seng in the new year.

US-based Chicago Board Options Exchange plans to open an all-electronic trading venue, C2 Options Exchange, in late October 2010.

Singapore Mercantile Exchange, a pan-Asian multi-product commodity and currency derivatives exchange, has commenced operations on its electronic trading platform.

Japanese investment bank Daiwa Capital Markets expects to launch a range of new services within the next six months following the choice of software provider GigaSpaces Technologies to support its electronic trading infrastructure in the Asia Pacific region.

The Investment Management Association has attacked the lack of consideration for buy-side firms by regulators.