Access to a low-latency network offering the fastest, most reliable connection between dealing rooms and the servers of exchanges is a core requirement of firms engaged in the arms race for speed, says David Stanton, vice president, enterprise sales, Asia-Pacific, at Cable & Wireless Worldwide.
Hong Kong Exchanges and Clearing (HKEx) has appointed Yang Qiumei as deputy head of market development and head of the market development division's mainland development department.
UBS has launched its algorithmic trading platform on Bursa Malaysia, allowing the bank's clients to send their electronic orders directly to the exchange without them passing through an intermediary.
Chi-East, the pan-Asian dark pool joint venture between Chi-X Global and the Singapore Exchange (SGX) has received approval by local regulator the Monetary Authority of Singapore to become a recognised market operator.
Market participants can expect to see trading venue consolidation and shorter broker lists should trading volumes remain depressed for the remainder of 2010, according to the September poll on theTRADEnews.com.
David Gonski, chairman of the Australian Securities Exchange, has warned that the introduction of competition between trading venues would bring instability to Australia's equity markets.
The reorientation of sell-side business models from west to east has been overdone and is now due for a correction, says Matthew Perry, co-head of execution services, Asia, Société Générale Corporate & Investment Banking.
The introduction of smart order routing in India is a big step forward from a best execution perspective, but long-standing issues related to post-trade settlement will present roadblocks to its fast adoption, traders say.