Asia

Nomura revives Lehman’s Asian trading platform

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.

ASEAN exchanges to establish trading link

Stock exchanges in Indonesia, Singapore, Thailand, Philippines and Malaysia have signed a memorandum of understanding (MOU) to form an electronic trading link between them.

New HKEx price caps could limit closing auction trading

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.

Asian buy-side keeps faith with algos as trading costs soar

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 investors cut broker relationships, execution fees – Greenwich

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.

FXall adds netting service to trading platform

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.

ITG reorders management as Haynes explores pastures new

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.

Asian bourse upgrades target growth

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.

Nomura revives Lehman’s Indian equity trading unit

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.

Malaysian bank deploys Sungard DMA solution

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.