Agency broker and technology provider ITG's Hedge Pro pairs trading algorithm has been rolled out via the firm's execution management system, Triton, with availability on major third party front-end systems expected to follow shortly.
Investment management firm BlackRock has expanded its iShares Exchange Traded Funds business with the announcement of senior appointments to its iShares Asia Ex-Japan capital markets team, and the launch of a new Asia research and investment advisory group for ETFs.
Bulge-bracket broker Goldman Sachs has released the latest version of its execution management system, REDIPlus, which allows clients to trade equities, options, futures, foreign exchange and synthetics through a single access point.
As India readies itself for a technology revolution in the equity markets, domestic financial institutions are starting to adopt algorithmic and other sophisticated electronic trading techniques that are the staple of foreign institutional investors, says Tarun Kataria, India CEO of Religare Capital Markets.
A consultation released by the Australian Securities and Investments Commission on 4 November is a welcome move towards the creation of a regulatory framework for best execution that could pave the way for similar efforts in other Asia-Pacific markets, market participants say.
Exchange group NYSE Euronext's plans to overhaul its clearing services have moved ahead with the appointment of a new team to lead the implementation of its new strategy and consult with market participants.
Eurex Clearing, the clearing operation of the Deutsche Börse Group, is to introduce a 50% reduction in its fixed clearing fee and expand the discount models for Xetra cash market transactions from 1 December 2010.