The Council of the European Union has voted to permit member states to opt out of a ban on naked short-selling of sovereign credit default swaps, but other types of regulatory arbitrage could pose additional problems.
Hong Kong Stock Exchanges and Clearing is exploring the possibility of launching new cross-border exchange traded funds with the Shanghai Stock Exchange according to chairman Ronald Arculi.
Revenues from its post-trade services drove solid growth at the London Stock Exchange, for the financial year ending 31 March 2011, but the exchange may become embroiled in legal action over plans for its derivatives business.
Nomura Asset Management, a wholly owned subsidiary of Japan-based Nomura Holdings, has listed its NEXT FUNDS Thai Stock SET50 exchange-traded fund on the Tokyo Stock Exchange, marking the first listing of a Thai-stock ETF in Japan.
Lyxor Asset Management, a wholly-owned subsidiary of French investment bank Société Générale, has appointed Herman Chen as head of Lyxor exchange-traded funds distribution for the Asia-Pacific region
India may be catching up with established Asian markets in its adoption of electronic trading tools but many of the country's buy-side firms continue to prefer more traditional techniques, according to a new report by research group Celent.
Singapore Exchange will add eight more American depository receipts to its GlobalQuote board on 18 May. All the ADRs are fungible with those listed in the US and allow investors to manage their exposure to these companies outside of US trading hours.
A 1:10 reverse split of Citigroup stock on Friday 6 May, which reduced the number of outstanding shares by a factor of 10 while increasing the stock price by the same multiple, could lead to a near 5% reduction in liquidity on the US market.
Bank of America Merrill Lynch has partnered with ETF Securities, a specialist issuer of exchange-traded products, to launch its IVSTOXX ETF, the first exchange traded fund linked to European equity volatility, on Deutsche Börse.