Eurex loses key Asia head who spearheaded expansion throughout the region
Roland Schwinn, head of Asia at Eurex, has resigned due to personal reasons and will leave the exchange at the end of this month.
Asia
Virtu Financial registers as HFT in Japan
Virtu Financial’s Singapore entity gains regulatory approval to operate a high-speed trading business in Japan.
HSBC fined $1.2 million for failures in bond sale
HSBC failed to assess risk of individual bonds before recommending them to clients in Asia.
Citi fined $500,000 for dark pool system failures
Citigroup Global Markets in Asia overlooked a system failure within its dark pool and failed to hand out guidelines to clients.
SGX lays out plans for new FX futures products
SGX FlexC FX Futures allows customers to trade FX futures in OTC fashion which can be cleared on SGX’s platform.
Tradeweb bond volumes exceed $107 billion since Bond Connect launch
Tradeweb became the main trading interface for offshore investors accessing Bond Connect last year.
Credit Suisse fined $77 million for corrupt hiring scheme
Credit Suisse made $46 million in profits winning business by hiring friends and family of Chinese officials.
SGX adds Blackwell Global as derivatives trading member
Blackwell Global Futures to gain access to Asian derivatives market through SGX Asian Gateway.
Flow Traders gains approval for HFT business in Japan
Regulatory approval means Flow Traders can participate in the Japan Exchange Group’s ETF market maker scheme.
HKEX extends CEO contract another three years
Charles Li was appointed CEO at HKEX in 2010 and his contract renewal will see him remain in the role until 2021.