Arrowhead, the new high-speed equities trading platform launched by the Tokyo Stock Exchange (TSE) on 4 January, has significantly reduced bid-ask spreads in Japanese stocks since its launch, leading to a marked drop in trading costs, according to analysis by Japanese investment bank Nomura.
The Australian Securities Exchange (ASX) has proposed several changes to its trading practices and made a number of recommendations to the Australian Securities and Investments Commission (ASIC) following its review of the impact of algorithmic trading on the country’s equities market.
Bank of America Merrill Lynch (BoAML) has introduced a new low-latency direct market access (DMA) service that allows buy-side firms to choose between brokers to achieve cost-efficient connectivity across Japan’s exchanges.
NYSE Technologies, the commercial technology unit of exchange group NYSE Euronext, has been selected to provide the infrastructure for the proposed trading link between a group of exchanges from the Association of South-East Asian Nations (ASEAN) countries.
Early indications are that Arrowhead, the new equities trading system implemented by the Tokyo Stock Exchange (TSE) on 4 January, is positively influencing equity trading volumes, but it may take longer for its effects to be fully evident.
Agency broker Instinet has opened an office in Sydney and licensed it as a member of the Australian Securities Exchange, allowing the firm to serve domestic Australian clients via an onshore sales and trading desk.
Trading technology and connectivity provider Fidessa is offering faster access to Korea’s equities and derivatives markets via a linkage to Koscom's PowerBase NFS, a new high-speed interface to the Korean exchange.
Tora, a provider of trading technology to the Asian markets, has integrated its Compass trading platform with Eze OMS, the order management system supplied by US-based agency broker and trading technology provider ConvergEx.
The Singaporean subsidiary of Japanese broker Mizuho Securities has connected to European derivatives exchange Eurex via the bourse’s Singapore access point. The exchange said Mizuho is the first Japanese broker to connect to the exchange via Singapore.
Investment bank Credit Suisse has launched co-location services for Japanese equities, taking advantage of the new Arrowhead trading platform installed by the Tokyo Stock Exchange (TSE) at the start of the year.