Asset Classes

Tokyo derivatives reform on hold

The Tokyo Stock Exchange has put the revision of its trading rules for futures contracts on hold, to allow further feedback from market participants.

European institutions split on naked CDS shorting rules

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.

HKEx weighs up cross-border ETF offering

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.

LSE reports healthy growth, pushes ahead with new initiatives

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 Thai ETF lists on Tokyo Stock Exchange

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.

India's buy-side not yet 'comfortable' with electronic trading

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.

SGX adds eight new ADRs for Chinese, Japanese and Korean firms

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.

Citi reverse split could suck up US liquidity

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.

European equity volatility ETF launches on Deutsche Börse

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.