Asian authorities up Stock Connect daily quotas
Regulators in China and Hong Kong agree to increase the daily quotes for both Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programmes.
Asia
JP Morgan trading team develops machine learning model for equity desk
Asia Pacific equity trading desk at JP Morgan Asset Management is seeking to have 50% of trading flow driven by machine learning by the end of the year.
SGX plans June launch of new Indian equity derivatives products
New product launch follows news of major Indian stock exchanges deciding to terminate market data and indices licenses.
Trading Technologies launches execution platform in Tokyo
Trading Technologies has extended its execution platform into Tokyo to provide traders with market access through the service.
SGX appoints bond veteran as head of fixed income
Mark Leahy has held senior roles in fixed income at major institutions including Deutsche Bank, UBS and Nomura.
UBS fined $4.5 million for record keeping failures
Hong Kong financial watchdog fines UBS after it failed to produce transaction and client consent records.
State Street hires JP Morgan’s China custody expert
Lisa Lou will be responsible for managing State Street’s global services business for China and leading the bank’s China strategy.
BlackRock expands Open Trading partnership with MarketAxess
BlackRock will use MarketAxess for Asian credit trading after signing up to Open Trading for US and European credit trading.
Singapore and New Zealand exchanges sign market agreement
SGX and NZX agree on cooperation for derivatives, dual and secondary listing, ETFs and investor participation.
Singapore Exchange and Bursa Malaysia establish cross-border trading link
BM-SGX trading link will allow for cross-border clearing and settlement of traded shares on both exchanges.