The pilot programme for market-wide circuit breakers currently running in the US equity markets is likely to be extended past its current shut-off date of 11 April, but there will be no immediate shift to a 'limit up/limit down approach'.
Mary Schapiro, chairman of US regulator the Securities and Exchange Commission, has suggested that compliance with automation review policies could be made obligatory.
NYSE Technologies, the global commercial technology unit of exchange operator NYSE Euronext, is working with Singapore Management University on its Master of IT in Business (Financial Services) programme, to build educational labs for hands-on learning experiences with trading processes and technologies.
The outgoing chief of Hong Kong regulator the Securities and Futures Commission has cast doubt on the value of exchange mergers to investors and issuers.
Trading communications provider IPC Systems has extended its global financial network with connectivity to pan-Asian trading venue Chi-East, which recently completed the rollout of its non-displayed trading platform for securities listed in Hong Kong, Japan and Singapore.
The implementation of MiFID in Europe holds important lessons for Asia, in terms of the challenges posed by the explosion in trading technology and increased market volatility, according to Kay Swinburne, MEP, who drafted the European Parliament's report on the implementation of the revised directive.
Shorter lunch breaks will help the Hong Kong Stock Exchange compete more effectively against the mainland exchanges for listings of Chinese companies, but the exchange will need to do more than simply increase the length of its trading day in order to attract liquidity and increase volumes in its market, says Alison Crosthwait, director of global trading research at global agency broker Instinet.
The London Stock Exchange has confirmed that it is developing plans to launch an international board, which will give investors the ability to trade foreign stocks from London.