Asset Classes

Dual currency ETFs available on SGX

Exchange-traded fund dual currency trading will be available on the Singapore Exchange from 15 June, letting investors trade foreign-currency denominated ETFs in Singapore dollars.

OTC clearing under fire as buy-side condemns cost hike

Central clearing for OTC derivatives does not make for a safer market and may increase costs for end-investors, Barry Hadingham, head of derivatives and counterparty risk, Aviva Investors, has warned.

HKEx lays out RMB futures plan

Hong Kong Exchanges and Clearing has received regulatory approval to launch the first exchange-traded currency futures settled in renminbi.

Knight fills “strategic gap” with futures purchase

US institutional broker and market maker Knight Capital has acquired the assets and liabilities of the futures brokerage arm of Penson Financial Services for US$5 million in cash from parent Penson Worldwide.

Buy-side demands more from CCPs ahead of European swaps rules

Uncertainty over how clearers will handle issues related to segregation and insolvency are hampering preparation for new OTC derivatives rules, UK-based buy-side trade body the Investment Management Association has warned.

SunGard offers ESMA-compliant monitoring software

Financial technology provider SunGard has updated its Protegent market surveillance solution to help regulators, trading venues and brokers meet European Securities and Markets Authority guidelines on market abuse.

FPL enhances execution reporting clarity in Europe

FIX Protocol Limited, the organisation responsible for the FIX messaging standard, has published recommended trade reporting practices to give buy-side firms more clarity on how brokers execute their orders.