US-based market making firm Knight Capital has announced that it will cut jobs and close its equities trading desk in Hong Kong due to the continuing deterioration of market conditions.
US-based investment bank Jefferies has added four new members to its equities team in Asia as the firm continues to ramp up its capabilities in the region.
Chi-X Japan, the proprietary trading system operated by Chi-X Global, has revealed its trading activity for July 2011, reporting a new market share record in Nikkei 225 stocks.
US trading technology provider and agency broker ConvergEx Group has appointed two senior business development heads, Daniel Rooney and Ian Mawdsley, to its RealTick global execution platform business.
Hong Kong's financial markets regulator the Securities and Futures Commission has appointed Ashley Alder to the post of chief executive officer for a three-year term, effective 1 October 2011.
NYSE Technologies' new Tokyo liquidity centre will help clients reduce costs and leave them to "concentrate on what they do best without having to worry about the plumbing”, says Laurence Thiery, managing director, APAC strategy and solutions at NYSE Euronext in Singapore.
With proprietary trading systems steadily taking share from Japan's main bourses, the merger between the Tokyo Stock Exchange and the Osaka Securities Exchange may yet be completed by the autumn, but it's far from a done deal.
Market participants have expressed frustration at the lack of clarity from Canadian regulators following the publication of responses to a recent paper on dark trading.