Asia

Singapore Exchange will start trading its new SGX Nikkei Dividend Point Index futures contract in June, making it the first Asian derivatives exchange to trade a dividend futures contract.

Chi-X Global, a trading venue operator and technology provider, has reshuffled its top tier of management, following the appointment of Tony Mackay to the non-executive position of chairman emeritus.

Chi-X Australia, the alternative trading system owned by Chi-X Global, has hired two former Australian Securities Exchange executives ahead of its launch in Q4 this year.

BlocSec, the pan-Asian dark pool operated by agency broker CLSA, plans to focus on executing large orders to distinguish itself from the influx of non-displayed trading venues launching in Asia.

Domestic brokers in India are starting to challenge their larger international counterparts, according to a report by consultancy group Celent.

Advent Software, a technology supplier for the investment management industry, has opened a new office in Singapore following substantial growth in its Asian client base over the past year.

Japanese investment bank Nomura has received approval to operate its NX non-displayed internal crossing engine in Hong Kong.

Leon Christianakis has left his position as CEO of agency broker and technology provider ITG’s Asian business to take up an as-yet-unspecified role at Macquarie, the Australian-listed banking and financial services group.

The Tokyo Stock Exchange (TSE) is planning to launch a low-cost version of its co-location service from June this year.

MF Global FXA Securities, the derivatives trading arm of financial institution MF Global, has gone live with trading technology firm Fidessa’s Japanese trading platform for its new Japanese equities business.