Although liquidity aggregation is rapidly moving up the buy-side agenda in Asia, brokers continue to take a cautious and selective approach towards the sharing of dark pool liquidity with other providers.
Hong Kong Exchanges and Clearing has unveiled plans to introduce new functionality for trading synthetic futures based on five active stock option classes.
Newedge and trading technology provider Orc Software plan to offer a direct communications link between Chicago and the multi-asset brokerage's Hong Kong-based trading data centre, allowing US traders to trade Asian markets without establishing their own lines and connections.
ELX Futures, a US-based electronic futures exchange, plans to compete with the NYSE Liffe and Eurex derivatives markets by launching interest rate products using the maker-taker and taker-maker pricing models.
Central counterparty LCH.Clearnet has announced the successful launch of its SwapClear futures commission merchant service in the US, allowing buy-side traders to centrally clear interest rate swaps.
The Stock Exchange of Thailand has drawn up a shortlist of vendors to supply a new trading engine that is expected boost capacity of the exchange by 100 times when implementation is completed in two years.
Eurex, the European derivatives exchange joint-owned by Deutsche Börse and SIX Swiss Exchange, has reported healthy volumes in its Korean KOSPI options contracts, with over 500,000 contracts traded since its launch on 30 August 2010.
Saxo Capital Markets, a trading platform provider and wholly-owned subsidiary of Denmark's Saxo Bank, has opened an office in Hong Kong in response to growing opportunities offered by increasing institutional flows to the region as well as demand for white-label solutions from financial institutions.
Traiana, a post-trade solutions supplier owned by interdealer broker ICAP, has extended its Harmony network's contract-for-difference equity swap service for use by long-only buy-side firms and hedge funds.