Japanese investment bank Nomura has launched a new pan-Asian electronic trading platform for equities, integrating the execution capabilities it acquired from its takeover of Lehman Brothers Asia last September.
Stock exchanges in Indonesia, Singapore, Thailand, Philippines and Malaysia have signed a memorandum of understanding (MOU) to form an electronic trading link between them.
Exchange operator Hong Kong Exchanges and Clearing (HKEx)’s plans to impose price restrictions in its closing auction could reduce trading volumes in the session and may not be effective at reducing manipulation and gaming, according to some market participants.
The volatile market conditions that caused higher trading costs and wider spreads in Q4 2008 did not result in a shift away from execution algorithms by Asia’s buy-side traders, according to Glen Gee, head of analytical products and research, Asia at agency broker ITG.
Asian institutional investors are prioritising sell-side research and advisory over execution services in volatile markets, while also cutting back their number of sell-side relationships, according a new report from consultancy Greenwich Associates.
Electronic foreign exchange trading platform FXall has launched Cross Currency Netting, a new feature enabling users to manage high-value multi-currency exposures in volatile markets.
Investment Technology Group (ITG), a global agency brokerage and trading technology firm, has reshuffled its senior management following the departure of international CEO Alasdair Haynes.
Exchange group Nasdaq OMX and the Osaka Securities Exchange (OSE), Japan’s largest derivatives exchange, have signed a memorandum of understanding with the intent of forming a strategic partnership.
Japanese investment bank Nomura has launched onshore equity sales and trading in India, leveraging the local assets of investment bank Lehman Brothers that it purchased in 2008.
RHB Investment Bank has implemented GL Net, Sungard’s recently acquired order routing network, to provide direct market access to the Bursa Malaysia, the domestic Malaysian stock exchange.