News

Jefferies expands European business with new hire

US investment bank Jefferies has appointed Zubin Ramdarshan as a managing director and head of European volatility trading in the firm's global equity derivatives group. Ramdarshan will be based in Jefferies' London office.

Asia's diverse markets no longer behind Europe

Buy-side firms that trade Asian equities from Europe should view the region's markets as different from, but no longer behind, the west, institutional investors were told at a one-day conference held in London.

Korea's post crash reforms target long-term market resilience

Korean regulatory reforms announced in response to the 11 November mini-crash are an important step toward the creation of a more resilient financial system, but will require adjustments by the institutional market in the short term, sources say.

Shrinking US commission pool concentrates buy-side on core brokers

Long-only asset managers in the US reduced their commission pool in 2010 while maintaining a fixed set of core brokers, as buy-side firms in the UK and Europe saw an increase in the number of brokers used and commission paid compared to 2009.

TSE nears ETF target, but looks for institutional growth

With 99 exchange-traded funds listed on its market, the Tokyo Stock Exchange is on the brink of achieving its goal of having 100 ETFs by 31 March 2011. Yet the Japanese ETF market remains largely retail-focused and the exchange is keen to increase institutional usage, says Yasuyuki Konuma, the TSE listing department's director of business development.

SGX expands ADR offering with Citigroup

The Singapore Exchange has broadened the range of American depository receipts offered on its GlobalQuote platform, with Citigroup joining the service as a depository bank.