Banks are unlikely to spare their Asian equities trading and execution desks from the slash in global headcount, although the spike in volumes in recent days may prompt firms to hold off from wielding the axe a while longer.
The construction of a next-generation trading system at the Taiwan Stock Exchange, which is expected to be completed by end-2012, will reduce latency on the exchange by 10 times and boost capacity by at least three times from its current levels, according to Michael Lin, senior executive vice president, TWSE.
The introduction of new rules governing dark trading by the Canadian Securities Administrators and the Investment Industry Regulatory Organization of Canada will have a profound impact on Canadian marketplaces, according to agency broker and technology company ITG.
Deutsche Bank's Autobahn Equity trading business has expanded its µltra field programmable gate array product suite to all major US stock exchange co-location facilities.
Brazilian exchange BM&F Bovespa has reported rising high-frequency trading activity in its Bovespa equities segment, accounting for 7.4% of average daily traded value during Q2 2011.
The extreme volatility that has recently rattled global markets has led to some buy-side traders abandoning algorithms altogether through fear of being gamed by high-frequency trading firms.
RenCap Securities, the US subsidiary of emerging markets-focused investment bank Renaissance Capital, has added a former Goldman Sachs head to its equity sales team.
Singapore Exchange has added BNP Paribas Securities (Singapore) as a trading member of its derivatives market and has reported strong performance in trading activity during the last month.
The evolution of market structure has introduced new dangers that leaves buy-side traders at risk of being gamed if they do not have the tools to protect their order flow.