Chi-X Global could expand on three fronts in Asia over the next few quarters, but CEO John Lowrey believes Chi-East – the first exchange-led dark pool in the region – could be the real “game-changer”.
Trading-led Korean investment bank Leading Asia has become a major shareholder in agency broker and commission management platform IND-X. Financial terms of the deal were not disclosed.
Instinet, a global agency-only broker, has announced that June 2010 marked the largest average daily value of orders placed and average daily value traded on its JapanCrossing dark pool since May 2008.
IPC Systems, a trading connectivity provider, has upgraded its pan-Asian trading network in an effort to better support institutions trading in the region.
Daiwa Capital Markets, the investment bank division of Japanese financial services firm Daiwa Securities Group, will purchase the global convertible bonds and Asian equity derivatives businesses of Belgian bank KBC Group.
The Singapore Exchange (SGX) has reorganised its top tier of management and business operations to better manage its positioning as a gateway for firms that want to trade in the Asian region.
The Australian Securities Exchange is to launch ASX Net, a high capacity network for connectivity to the Australian financial market, in September 2010.