NYSE Technologies, the commercial technology unit of exchange group NYSE Euronext, has announced plans to expand its Secure Financial Transaction Infrastructure (SFTI) connectivity network into Asia to improve client links to NYSE Liffe, the group's global derivatives exchange.
Christian Chan, former head of electronic trading at agency broker Instinet’s Asia-Pacific operation, joined pan-Asian crossing network BlocSec as director of sales on 2 September. He is based in Hong Kong.
Agency broker Bloomberg Tradebook has enhanced six of its low-touch algorithms to enable them to deal more effectively with volume spikes on so-called special quote (SQ) days in Japan.
Dark pool operator Liquidnet recorded its highest month of activity in the Asia-Pacific region in August, with over US$1.1 billion of principal traded by its members on the platform.
Singapore Exchange (SGX) has proposed the reduction of tick sizes in certain price bands of the securities it trades in a bid to boost liquidity and compete more effectively with other Asian exchanges.
Australian market participants have welcomed proposed changes to the structure of financial markets supervision in the country and anticipate an increase in the number of alternative trading venues bidding to compete with Australian Securities Exchange (ASX).
The Australian government is to hand total responsibility for supervision of the country’s financial markets to the Australian Securities and Investment Commission (ASIC), the country’s financial regulator, giving renewed hope to alternative equity trading venues looking to compete with the Australian Securities Exchange (ASX).
Broker UBS has launched its Tap liquidity-seeking algorithmic trading strategy in Australia, Hong Kong and Japan. The algorithm is already available in the US and European markets.
Trading platform operator Chi-X Global’s plans to establish a joint-venture dark pool in Singapore with the country’s national exchange could be followed by further similar initiatives in the region next year, according to John Lowrey, Chi-X Global’s CEO.