Asia

The impending introduction of new cross-sector competition legislation in Hong Kong, first proposed in 2006, could fix the Hong Kong stock exchange's trading monopoly in stone.

Singapore Mercantile Exchange, a pan-Asian multi-product commodity and currency derivatives exchange, has commenced operations on its electronic trading platform.

Japanese investment bank Daiwa Capital Markets expects to launch a range of new services within the next six months following the choice of software provider GigaSpaces Technologies to support its electronic trading infrastructure in the Asia Pacific region.

Sanjay Agarwal has been named head of equity capital markets in India for MacQuarie Capital and Daryl Bowden has been made head of sales trading for Europe at Macquarie Securities Group.

Japanese global investment bank Nomura has appointed Indraneil Borkakoty as head of equity capital markets for India.

Data and technology provider Thomson Reuters has launched its Elektron network in India in response to the demand for access to the market.

There are many routes to China, but which one offers the institutional investor the most likely path to best execution?

Derivatives trading platform NYSE Liffe, a subsidiary of global exchange group NYSE Euronext, has received permission from the Hong Kong Securities and Futures Commission to provide automated trading services in Hong Kong.

Buy-side traders in Asia are experiencing wide variations in VWAP algorithm performance, with Hong Kong and Singapore faring worse than Japan, according to a study by trading platform provider and financial services firm Tora.

Barclays Capital, the investment banking business of Barclays Bank, has appointed Mike Di Iorio to lead its equities trading division in Asia-Pacific.