Sberbank, the largest credit institution in Russia and the CIS, has admitted unlisted, sponsored level 1 American depository receipts to trading though the Admission to Trading Only facility on the International Order Book of the London Stock Exchange.
Half of buy-side traders fear that the cost of risk trades will rise as a result of plans by the European Commission to shorten trade reporting delays, according to the results of June's reader poll on theTRADEnews.com
Derivatives exchange CME Group has appointed Julien Le Noble as head of its Asia Pacific office. Based in Singapore, he will be responsible for leading CME Group's efforts to build up its range of products for clients in the region.
The Stock Exchange of Thailand has contracted exchange technology provider Cinnober to replace its trading, market data and surveillance systems for its equities and derivatives markets.
Warsaw-based Erste Securities Polska has selected trading technology provider SunGard's Valdi order management and trading tools to help it manage complex order flow and create customised algorithms.
Singapore Exchange has announced its securities market will trade continuously all day from 1 August to enable pan-Asian securities investors to respond to regional market movements and news flow.
The Indonesia Stock Exchange aims to boost capacity of its trading platform by five times by end-November in response to fast growth in electronic trading and demand for direct market access from its broker members, says Adikin Basirun, the exchange's IT & risk management director.
The London Stock Exchange Group has withdrawn from its prospective merger with TMX Group on grounds that it did not expect to secure sufficient support at the Canadian exchange's group shareholder meeting.