Plans to connect stock exchanges in southeast Asia to reduce the cost of cross-border equities trading have moved forward with an agreement on the link's design and the announcement of a tender.
The Singapore Exchange has reported significant growth in derivatives and exchange-trade fund trading, driven largely by the success of Chinese and Indian index futures.
US stock exchange Direct Edge has announced plans to enhance both its EDGA and EDGX platforms with the introduction of new order types and routing strategies.
US regulator the Securities and Exchange Commission has laid out the requirements for new markets that will trade over-the-counter derivatives, but has included key differences to similar proposals by the Commodities and Futures Trading Commission.
Established US and European brokers were ranked highest for equity trading quality in financial consultancy Greenwich Associates' 2010 quality leaders survey.
Eurex, the international derivatives exchange jointly owned by Deutsche Börse and SIX Swiss Exchange, intends to grow its regional membership and further develop partnerships with Asian exchanges, says Roland Schwinn, executive director and head of sales, Asia and Middle East.
Despite a squeeze in commission payments by Asian buy-side institutions to brokers last year, the average number of brokers used for execution increased, according to John Feng, consultant at Greenwich Associates and co-author of its '2010 Asian equity investors' study.