Eurex, the derivatives exchange owned by Deutsche Börse, plans to introduce a new trading system in Q4 this year, based on Deutsche Börse Group’s proprietary global trading architecture, which is already in use at the US-based International Securities Exchange.
South Africa’s Johannesburg Stock Exchange is to benefit from a policy change by South Africa’s National Treasury that allows foreign domiciled companies to be included in domestic indices.
Bursa Malaysia’s derivatives trading revenue jumped 36% to RM51.2 million (US$17 million) last year as securities average daily trading value increased 14% to RM1.79 billion (US$0.6 billion), securing a sharp increase in profits for the southeast Asian exchange.
Hong Kong Exchanges and Clearing (HKEx) is to launch its first renminbi (RMB)-denominated exchange-traded fund (ETF), the Hang Seng RMB Gold ETF, on 14 February.
Ongoing efforts to liberalise the Chinese renminbi will “tremendously boost” volumes in the OTC derivatives market, according to a new report from Celent.
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.