News

Front of mind for buy-side traders are concerns over renewed market turmoil in as unstable macro-economic climate. But worries over regulatory change are not far behind.

Chi-X Australia, the alternative trading system operated by Chi-X Global, has appointed David Trude as an independent director.

Bank of America Merrill Lynch (BAML) has launched its flagship algorithmic trading strategy, Instinct – an implementation shortfall algo that uses real-time signals and a quantitative model to calculate order tradability.

Market participants and clearing infrastructures will have to adapt to near real-time clearing of OTC derivatives within the next three to five years, according to a study by financial research consultancy TABB Group.

Agency broker Bloomberg Tradebook has more than tripled its number of relationships with research providers.

Exchange-traded funds have once more been thrust into the spotlight by the arrest earlier this month in London of Kweku Adoboli, an ETF trader at UBS, who allegedly hid his $2.3 billion in losses using fake positions. But what of Asian ETFs?

HSBC Securities Services has appointed Dan Massey as head of its client management group, Asia Pacific.

Michael Mollemans, who says he's happy to be back in Tokyo where he “started his career”, recently took up his post as head of electronic trading for Japan at Credit Suisse, after being head of electronic sales for Daiwa Capital Markets in New York.

The Tokyo Stock Exchange is to launch its 'Next Tdex+ System' for futures and options trading, together with a third-generation system for the trading of stock and corporate bonds.

UK-based financial services company GH Financials is joining the Singapore Exchange derivatives market as a trading member, bringing total membership to 37.