Japan-based investment bank Nomura has added new equity execution strategies to its ModelEx algorithmic trading platform in Asia, claiming to be the first broker to offer high-frequency-style tactics to all its clients in the region.
Fortis Bank Global Clearing (FBGC), a provider of clearing and market access services, is offering clients a single point of entry to multiple exchanges in the Asia-Pacific region via proximity hosting and co-location data centres.
Investment bank UBS Securities Australia has announced that its internal crossing engine, Price Improvement Network (PIN), now allows clients to cross orders at the mid-point price on the Australian Securities Exchange (ASX).
The Australian Securities and Investments Commission, Australia’s securities regulator, has chosen technology firm SMARTS’ Integrity Platform surveillance system to help it detect abusive trading practices.
Global banking group Citi has launched a version of its Citi Match internal crossing engine in Japan. The firm already operates Citi Match in the US, Europe, Hong Kong and Australia.
Interdealer broker ICAP has axed its integrated full-service agency cash equities offering in Europe and Asia following a strategic review of the business.
BTIG Hong Kong, an institutional brokerage firm, has hired a senior executive from banking group Goldman Sachs to lead its expansion in the Asia-Pacific region.
Agency broker and technology provider ITG has launched a dark liquidity aggregation tool for the Asian market to counter buy-side concerns about fragmentation.
New research from agency broker and technology provider ITG has shown that trading costs for Japanese equities dropped by 36% in January, following the introduction of the Tokyo Stock Exchange’s (TSE) new Arrowhead trading platform.