The Australian Securities Exchange has chosen trading technology supplier Fidessa to provide the software and infrastructure for ASX Best, the bourse's new smart order routing platform.
Australia's financial regulator, the Australian Securities and Investment Commission has revealed details of instances where it has asked market participants to amend their execution methods or review algorithmic strategies.
The introduction of the T+2 finality arrangement on 25 July for securities and money settlement by the Hong Kong Exchanges and Clearing Limited will help to lower settlement and counterparty risk for brokers, marking a major step towards delivery versus payment in Hong Kong.
Hong Kong Exchanges and Clearing may be breaking new ground with issuance of renminbi-denominated stock, but other bourses in the Asia-Pacific region, including the Singapore Exchange (SGX), are weighing up their opportunities too, according to Nels Friets, SGX's recently-appointed head of securities.
ITG, the agency broker and financial technology supplier, has announced a programme of cost cutting across its US and European businesses, as a result of low equity trading volumes.
Research firm TABB Group has said that the market access rule, Rule 15c3-5, being introduced in the US on 14 July, is likely to increase sell-side spending on pre-trade risk management systems by 12% until 2014.
ITRS Group, a provider of real-time monitoring and application performance management solutions, has released the ITRS Geneos FIX Analyser, which provides real-time financial transaction monitoring information.
French broker Société Générale is implementing the Colline collateral management solution from Lombard Risk Management, which will allow it to offer buy-side clients comparative figures on clearing costs for over-the-counter derivative trades.