Asia

Asian trading venue the Philippine Stock Exchange has migrated to NYSE Technologies' NSC V900 trading platform, in anticipation of a rise in overseas investment levels.

Asian trading technology provider and agency broker Tora has connected MLXN, the dark pool operated by Bank of America Merrill Lynch, to its TORA Crosspoint off-exchange liquidity venue, which trades Japan-listed securities.

The Singapore Exchange has admitted US investment bank and brokerage house Cantor Fitzgerald as the 27th trading member on its securities market.

Asian trading venue the Singapore Exchange is enhancing its securities borrowing and lending service, increasing the number of stocks available for lending from 150 to more than 600.

Independent Japanese research house Japaninvest has partnered with Société Générale Corporate & Investment Banking to launch SG Cross Asset Research – Ji ASIA, a new pan-Asian research tool for institutions.

After a slow start, Japanese proprietary trading systems are seeing an uptick in turnover despite the overall decline in market volumes, says Takayuki Saito, the new head of electronic trading, Japan at Morgan Stanley MUFG Securities.

Liquidity returned to Asian markets in August, marking a departure from what had looked like a traditionally quiet summer period when agency broker ITG's monthly Asia Pacific Liquidity Barometer dropped by around 15% in June.

NYSE Euronext subsidiary and global derivatives business NYSE Liffe is to extend the availability of its FTSE 100 Index Futures contract into Asian trading hours.

Financial software provider smartTrade Technologies is spearheading its expansion into Asia with the opening of a new office in Tokyo, Japan.

Global agency brokerage Instinet has added dark order types for trading Japanese equities on its CBX ASIA trading venue.