Daiwa Capital Markets, the investment bank division of Japanese financial services firm Daiwa Securities Group, will purchase the global convertible bonds and Asian equity derivatives businesses of Belgian bank KBC Group.
The soon-to-be-finalised Dodd-Frank financial reform bill will introduce greater transparency and accountability to the over-the-counter (OTC) derivatives market in the US, but it has left a number of questions unanswered.
Citigroup has made a raft of hires in its central and eastern Europe, Middle East and Africa operations as it looks to boost its emerging markets equities business.
The US futures and options regulator, the Commodity Futures Trading Commission, has proposed new rules to ensure all market participants have fair and equal access to co-location and proximity hosting services.
SunGard has added the derivatives market of the Johannesburg Stock Exchange to its ASP-based connectivity service for sell-side firms, Valdi Market Access.
Brazil-based Kairos Asset Management is to use US trading solutions firm StreamBase’s CEP platform to support high-frequency trading strategies across multiple asset classes, including derivatives, foreign exchanges, futures and equities.
Commissions paid to institutional US brokers has fallen well below expectations so far in 2010, but some of the shortfall in equities spend could be recovered from a surge in options trading.
Singapore Exchange will start trading its new SGX Nikkei Dividend Point Index futures contract in June, making it the first Asian derivatives exchange to trade a dividend futures contract.
As part of the migration of derivatives exchange NYSE Liffe to its parent group’s Universal Trading Platform (UTP), connectivity technology provider Atrium Network has announced that UTP derivatives will be added to its platform, initially as a test environment.