Trading systems and connectivity provider Orc Software has introduced a new direct market access service to pan-Asian multi-product commodity and currency derivatives platform the Singapore Mercantile Exchange.
The timetable for introducing competition to the incumbent Australian Securities Exchange may slip to Q1 2011 because of regulatory concerns over a possible repeat of the 6 May flash crash in the US.
The possible emergence of new ways to access mainland Chinese equity markets could drastically change the trading environment of Hong Kong, says Oliver Ng, head of financial institutions partnerships for broker Bank of China Securities, a wholly owned subsidiary of Bank of China International, of the People's Republic of China.
The Malaysian subsidiary of investment bank Citi has been approved to start trading equities on the domestic Malaysian exchange Bursa Malaysia from 13 September 2010.
The impending closure of proprietary trading desks in the US has left a large pool of talent looking for an opportunity and Asia is where the lights are shining brightest.
Options IT, a technology, infrastructure and connectivity provider, has added the Australian Securities Exchange (ASX) to the destinations that its hedge fund, prop trading and broker-dealer clients can access via its PIPE Velocity ultra-low-latency market connectivity service.
Chi-X Global, a trading venue operator and exchange technology provider, has confirmed that chief executive John Lowrey has taken a new role, with his position being filled by Tal Cohen, previously head of Chi-X Americas.
Despite the uncertain outlook for Japanese equity values and volumes, 2010 may yet be seen as a watershed among Tokyo's trading community, says Mark Wheatley, head of electronic trading, Asia Pacific, and head of Japan equities, Bank of America Merrill Lynch.