Investit, the specialist investment management consultancy, has opened an office at the Dubai International Financial Centre, its first in the Middle East / North Africa (MENA) region.
The Financial Services Authority (FSA) has banned and fined a senior trader employed on Morgan Stanley’s London trading floor for “deliberately disadvantaging his customers by 'pre-hedging' trades without their consent”.
The effects of the global recession and a growing competitive threat from alternative trading venues are increasing the pressure on Asian stock exchanges, according to a new report from research and consulting firm Celent.
Nasdaq Stock Market, the US arm of global exchange group Nasdaq OMX, has retained its position as the largest venue for trading US equities, reporting a matched market share of 20.8% of the total US equity volume in April.
The Australian Securities and Investment Commission (ASIC), the country’s securities regulator, lifted its short-selling restrictions for financial securities on Monday, but said it would not hesitate to reintroduce the ban if market conditions required.
BlocSec, a non-displayed block-trading platform for Asian equities, has reduced its minimum order size to US$250,000 from US$1 million in response to falling block sizes in the region.
Chi-X Europe, a pan-European alternative trading venue, launched Chi-Delta, its non-displayed order book, on 25 May, offering free execution for those posting liquidity as part of a promotion.
Buy-side traders’ execution decisions are arguably under greater scrutiny than ever, with clients expecting every penny spent on investment strategy implementation to be justified. This places great importance on the ability of global asset management firms to identify and manage a suitable benchmark for their trade execution performance across multiple countries and indeed portfolio managers.
BATS Exchange, the US exchange subsidiary of financial markets technology company BATS Global Markets, is to extend its trading hours in response to member demand.