Asia

Singapore Exchange Limited (SGX) and the Monetary Authority of Singapore have joined forces to make the declaration of all short-selling orders compulsory in a bid to improve market transparency.

Singapore Exchange will launch its new derivatives clearing system, SGXClear, on 7 December, according to Magnus Bocker, the exchange’s new CEO.

Trading and connectivity technology provider Orc Software has released a new interface to the Singapore Exchange (SGX) securities platform, SGX-ST, which will enable customers to trade all listed products across the exchange’s securities and derivatives platforms.

The Tokyo Stock Exchange (TSE) has reaffirmed plans to launch its Arrowhead trading system for stocks and corporate bonds on 4 January 2010, and has provided new details about the system’s speed, performance and data distribution capabilities.

Chi-X Global, the holding company for the Chi-X execution platforms and Chi-Tech trading technology firm, has started the application process for a proprietary trading system (PTS) licence in Japan and has appointed key staff ahead of the launch.

Singapore Exchange Limited (SGX) and the GreTai Securities Market, Taiwan's over-the-counter trading system for equities, bonds and derivatives, have signed a memorandum of understanding (MOU) for cooperation on capital markets development.

The Shanghai Stock Exchange has set a date for the launch of its new trading system, which has been developed following rapid growth of trading volumes in recent years.

iShares, the exchange-traded fund (ETF) division of asset manager Barclays Global Investors, will tomorrow launch the first ever sector-specific ETF series based on the Chinese A-share index.

Taiwan-based financial institution SinoPac Securities (Asia) has selected technology provider Orc Software’s Trading and Connect solutions to enhance its regional trading capabilities.

The Australian division of institutional broker-dealer BTIG has made four senior hires to its sales trading operations in Sydney and Melbourne.