News

HSBC Securities Services has launched third-party clearing services in Japan, enabling local and cross-border broker dealers to outsource their securities back-office operations to HSBC.

Thailand-based buy-side firm Tisco Asset Management has chosen Charles River, a provider of investment management solutions, to provide its investment management system to help automate and streamline its operations.

Hong Kong Exchanges and Clearing will start trading volatility futures on 20 February, following the introduction of its HSI Volatility index last year.

Voices from across the industry have doubted the viability of the European Commission’s commercial approach to a consolidated tape for equities, fearing the proposal outlined in MiFID II will be hindered by vested interests.

Financial technology provider SunGard has extended its Valdi market connectivity service to include Slovenia’s Ljubljana Stock Exchange and Hungary’s BETa, the multilateral trading facility operated by the Budapest Stock Exchange.

Dark pool trading rocketed in Europe during January, with turnover on non-displayed multilateral trading facilities (MTFs) reaching their second highest total ever, according to data from Thomson Reuters Equity Market Share Reporter.

US execution-only institutional brokerage Jones Trading has appointed former Barclays and Lehman Brothers executive Seth Michaels to run its advisory services business.

London-based software provider Torstone Technology has launched Inferno, a clearing, settlement and accounting application that it claims is the first major release of post-trade securities and derivatives processing software in almost a decade.

UBS has released algorithmic trading strategies for equities on Mexico’s Bolsa Mexicana de Valores.