Next Monday will mark a new era of competition in Australia’s equity market with the launch of alternative trading system Chi-X Australia. While the Australian Securities Exchange has embraced the impending multi-market environment, the full impact of new market integrity rules may take months if not years to unfold.
Twenty-five years after the so-called Big Bang cleared the way for an era of greater securities market competition and efficiency, experienced market participants fear that the industry’s innovative spark is danger of being extinguished.
The Singapore Exchange has opened a public consultation ahead of the launch of MSCI Indonesian index futures. The exchange has also reported the successful launch of its clearing service for OTC traded non-deliverable foreign exchange forwards.
By 2015, assets under management are expected to nearly double in Asia (ex-Japan and Australia) from their present levels, according to a recent study.
Global data centre provider Equinix has revealed details of a series of moves designed to give European participants better access to data centre services.
Institutional investment firms have welcomed proposals in MiFID II to bolster best execution, but admit that more most be done to hold the sell-side to account on execution performance.
Turquoise Derivatives, the pan-European derivatives market launched by the London Stock Exchange Group in June, may thrive on the new level playing field being created by the European Commission’s final draft of its Markets in Financial Instruments Regulation.
BNP Paribas Securities Services is targeting sophisticated institutional investors and financial intermediaries with a range of new market and financing services.
UBS has revealed that internal controls were failing as far back as December last year, following an investigation into the US$2.3 billion loss wrought by alleged rogue trader Kweku Adoboli.