Equity trading costs in developed Asian markets increased by 100% – and leapt by more than 200% in certain other of the region’s markets – in the two years to December 2008, largely in response to heightened volatility, according to a study by agency broker and technology provider Investment Technology Group (ITG).
Investment Technology Group (ITG), an agency broker and technology provider, has added global electronic trading capabilities to its Triton execution management system (EMS).
William J. Brodsky, the newly-appointed chairman of the World Federation of Exchanges (WFE), asserted that the global financial markets are at a “critical juncture” in their evolution, as the federation laid out three priorities for 2009.
Cash and derivatives broker MF Global has expanded its over-the-counter energy brokerage in Singapore as well as its equity derivatives team in Hong Kong.
Knight Asia, the Asian arm of US-based agency brokerage Knight Capital, will start trading in nine markets in Asia from today, as it looks to establish a presence in the region.
The London Stock Exchange (LSE) and Tokyo Stock Exchange (TSE) have taken another step toward establishing their joint venture TOKYO AIM, a new market for growing companies in Japan and Asia.
Instinet, a global agency-brokerage owned by Nomura Holdings, has secured membership on the ASX Settlement and Transfer Corporation (ASTC), the settlement processing facility of the Australian Securities Exchange (ASX).
TradingScreen, a provider of trading systems and related services, has opened an office in Sydney, Australia.
Electronic trading volumes grew rapidly in Asia between 2004 and 2007, as more exchanges developed and enhanced the functionality of their trading platforms, according to a new report on buy-side execution of securities trades from research and advisory firm Celent.
US equities trading venue Direct Edge will extend the trading hours on its three platforms – EDGA, EDGX and the newly acquired ISE Stock Exchange – in response to international and local client demand.