Asia

Trading technology provider and agency brokerage ITG has launched a new monthly research series examining market structure and liquidity across Asian markets.

The Singapore Exchange (SGX) and trading platform developer Chi-X Global have agreed to form a joint-venture non-displayed liquidity pool, which they aim to launch in the first half of 2010.

BNY ConvergEx, a US-based agency brokerage and investment technology provider, has expanded its direct market access (DMA) offering to five emerging-market exchanges.

Buy-side trading technology provider Charles River Development has made Japanese broker Nomura’s ModelEx suite of execution algorithms for Asia available to users of its Investment Management System (IMS).

BTIG, an institutional broker-dealer, has become a member of the Hong Kong Stock Exchange (HKEx) and expanded its team in Hong Kong as it continues to grow its Asian trading operations.

BlocSec, an electronic non-displayed trading venue for Asian equities owned by agency brokerage CLSA Asia-Pacific Markets, has started offering offshsore trading in Australian equities, taking the number of markets it covers in the region to four.

Data vendor Thomson Reuters has launched a suite of pre- and post-trade analytical tools, including a consolidated price source, for the Japanese equities market to help buy- and sell-side traders take advantage of increasing liquidity fragmentation and price competition in the country.

Singapore Exchange (SGX) has appointed Nasdaq OMX president Magnus Böcker as its next CEO, replacing Hsieh Fu Hua, whose term expires in September.

FIX Protocol Limited (FPL), the developer of the FIX financial messaging standard, has appointed Zoltan Feledy, a buy-side trader from State Street Global Advisors, as co-chair of the FPL Asia-Pacific regional committee.

Agency broker Instinet has appointed Glenn Lesko, previously head of its US-based international trading group, as the new CEO of its Asian operations.