News

Singapore Exchange has launched a public consultation on a proposal to introduce circuit breakers onto its securities market in the second half of 2011.

Bank of America Merrill Lynch has added its Delta Adjusted algorithm to its suite of US equity options strategies.

Eight major industry bodies have warned the European Commission's internal markets commissioner, Michel Barnier, and Timothy Geithner, US secretary of the treasury, that uncoordinated rulemaking for derivatives trading could increase risk and cost.

The suggestion by UK regulators that the business activities of large asset managers, including their trading operations, could pose a major systemic risk has surprised market observers.

Financial market participants must be prepared to take account of three layers of regulation that will scrutinise their activities ever more closely, according to Howard Davies, former director, London School of Economics.

Adoption of transaction cost analysis (TCA) tools is growing in Asia, driven by the need of the buy-side for order transparency and best execution analysis as their use of algorithms becoming increasing sophisticated, says Josephine Kim, director, Asia Pacific execution sales at Bank of America Merrill Lynch.

NYSE Technologies, the global commercial technology unit of market operator NYSE Euronext, says its pre-trade risk management service, Risk Management Gateway (RMG), is now live for trading members on the Singapore Exchange (SGX).

Market support for Hong Kong's latest renminbi-denominated bond, issued on 6 July by US-based construction equipment and engine manufacturer Caterpillar, bodes well for plans to widen the range of renminbi-denominated offerings in the special administrative region.

Citigroup has acquired a 9.9% stake in Vietnam's Horizon Securities, subject to regulatory approval, becoming one of the first foreign financial institutions to partner with a local firm to bolster its market position.

Asia-based financial technology consulting firm Catena Technologies and TS-Associates, a supplier of precision instrumentation solutions have teamed up to provide ultra-low latency benchmarking for financial market customers.