Wholesale finance sector growth in Asia is fuelling an influx of capital to the region’s markets. As European investors and financial services firms seek to beat the downturn in the west, capital markets consultancy GreySpark Partners has opened a new office in Hong Kong to serve as its Asia Pacific headquarters.
While electronic order books have now supplanted open outcry trading all over the globe, human interaction on the NYSE floor can still offer a significant source of liquidity for buy-side institutions, according to Harish Devarajan, CEO of Deep Value.
A new Italian multilateral trading facility launched by Borsa Italiana, the Italian subsidiary of the London Stock Exchange Group, aims to build a stronger market for SMEs by attracting local and international institutional investors, according to Barbara Lunghi, head of mid and small caps, Borsa Italiana.
The securities division of South Korean electronics giant Samsung has eschewed its aspirations of becoming an international broking powerhouse and will cull its international staff and close down foreign offices, according to sources familiar with the matter.
The actions of a Japanese regulator following an outage at the Tokyo Stock Exchange has led to calls from the country’s proprietary trading systems to rethink rules governing alternative venues.
Canadian exchange group TMX plans to open phase four of its co-location facility in Q2 2012, providing clients with improved low-latency access to the Toronto Stock Exchange, TSX Venture Exchange, the Montreal Exchange and TMX Select trading engines and data feeds.
The new rules in the US setting out how securities lending transactions will be dealt with in the event of a default of a major financial institution, notably a systemically important financial institution (SIFI), may provide some improvements but a number of uncertainties remain, according to a report by BNY Mellon and Finadium.
Prime broker Newedge and European fixed income trading market MTS have jointly launched the agency cash management multilateral trading facility, an electronic auction facility for the tri-party repo market.
The breakdown of the merger between Deutsche Börse and NYSE Euronext could reinvigorate lobbying efforts to protect the vertically-integrated exchange model, market observers have warned.
Orc Group, a trading technology supplier, has signed up Singapore-based buy-side firm Theoria Capital Management, to its Orc Liquidator product to help support its high-frequency trading needs.