News

The Tokyo Stock Exchange and Osaka Securities Exchange were both unaffected operationally on 11 March following an earthquake.

Liquidnet, the buy-side focused block-trading venue, has announced the appointment of Scott Harrison as its new global head of product in New York.

Bulge-bracket broker Goldman Sachs is planning to launch a non-displayed alternative trading system in Canada, SIGMA X Canada, designed to reduce market impact for users.

Buy-side firms have shown qualified support for the creation of a fixed settlement period for securities trades in Europe, as part of a consultation on developing a standardised regime for central securities depositaries.

Canadian exchange group TMX has released details of its planned alternative trading system, TMX Select, which is designed to attract high-frequency traders.

Central counterparty LCH.Clearnet has announced the successful launch of its SwapClear futures commission merchant service in the US, allowing buy-side traders to centrally clear interest rate swaps.

The Stock Exchange of Thailand has drawn up a shortlist of vendors to supply a new trading engine that is expected boost capacity of the exchange by 100 times when implementation is completed in two years.

Eurex, the European derivatives exchange joint-owned by Deutsche Börse and SIX Swiss Exchange, has reported healthy volumes in its Korean KOSPI options contracts, with over 500,000 contracts traded since its launch on 30 August 2010.

The two-stage approach to adopting market integrity rules taken by national regulator the Australian Securities and Investment Commission, has been welcomed by agency broker and dark pool operator ITG, as it has opened the country to exchange competition while allowing further debate into more contentious issues.

Saxo Capital Markets, a trading platform provider and wholly-owned subsidiary of Denmark's Saxo Bank, has opened an office in Hong Kong in response to growing opportunities offered by increasing institutional flows to the region as well as demand for white-label solutions from financial institutions.