The arrival of trading venue competition in Korea may bring valuable improvements to the country’s trading landscape, incentivising the incumbent exchange to cut prices and improve its technology, says Hani Shalabi, head of Advanced Execution Services, Asia Pacific at Credit Suisse.
The Singapore Exchange has acquired Project MARS, a solution for real-time trading system reporting, from software and consulting services provider First Derivatives.
Algorithmic trading will account for 2.5% of securities trading in China by 2013, up from 0.6% in 2011, according to a new report by financial research firm Celent.
MICEX, the domestic Russian stock exchange, has updated securities trading rules, including the launch of a central counterparty to help entice greater foreign investment.
Multi-manager specialist firm Octopus Investments has extended its use of trading technology provider Fidessa’s buy-side Workstation to trade exchange traded funds. Already an established user of the Workstation, Octopus first deployed Fidessa’s execution management system in 2009.
Deutsche Bank is now providing direct access to the Tel Aviv Stock Exchange, allowing institutional clients to access the bourse through the German bank’s Autobahn Equity business.
Institutional investors are bolstering their due diligence on dark pools in response to a recent sanction of a block-crossing venue in the United States.
Pan-European multilateral trading facility BATS Europe will offer its members a faster, more cost-effective method of order entry following the successful migration of its trading infrastructure to a facility owned by data centre operator Equinix.
Société Générale has launched a new relative value algorithm that gives the buy-side the ability to manage their level of trading aggression when a stock appears mispriced compared to its underlying index.