Calastone, the operator of an independent cross-border transaction network for mutual funds investors, has received backing from the asset management industry for its plans to develop an alternative settlement system for mutual funds.
BlocSec, a pan-Asian non-displayed trading system owned by agency brokerage CLSA Asia-Pacific markets, is to remove its minimum order size requirements in a bid to attract greater liquidity to its platform.
Newedge, a global multi-asset brokerage, will provide derivatives and cash equities to institutional foreign investors via a newly-opened Mumbai-based securities business.
Trading on Chi-X Europe increased in the stocks affected by the London Stock Exchange’s partial outage on the afternoon of Monday, 9 November, but opinions have contrasted sharply on whether this represents a significant step forward for the pan-European multilateral trading facility.
Barclays Capital, the investment banking division of Barclays Bank, has appointed Kevin Ho as managing director and head of futures in the Asia-Pacific region.
Nasdaq OMX Stockholm, the Swedish bourse operated by exchange group Nasdaq OMX Nordic, is to increase its Norwegian stock universe and introduce central counterparty (CCP) clearing for all Norwegian equities.