Asia

Investment bank Credit Suisse’s Advanced Execution Services (AES) electronic trading unit has launched a suite of algorithmic strategies for trading Indian equities.

UBS Securities Australia, a subsidiary of global investment bank UBS, has become the first broker to launch its non-displayed internal crossing pool, UBS Price Improvement Network (PIN), in Australia.

Global broker Goldman Sachs has reported a 12-fold increase in the average daily value traded in its SIGMA X internal crossing engine in Hong Kong over the past two months.

Hong Kong Exchanges and Clearing (HKEx) has appointed Charles Li, current chairman of J.P. Morgan China as its new chief executive.

TradingScreen, a provider of execution management systems (EMSs) to the buy-side, has launched a direct connection to CBX Asia, an alternative trading system for Japanese and Hong Kong equities operated by agency broker Instinet.

Trading technology provider Fidessa has added the BlueBox algorithmic trading system to its hosted Asian platform for brokers. The system will initially be available in Hong Kong and Singapore. BlueBox has been available in Japan since 2007.

Broker-dealer Credit Suisse has made a version of its Pathfinder smart order router (SOR) available to clients trading in the Japanese market following a period of internal testing.

Investment bank Credit Suisse has hired former UBS executive Matt Pecot to lead its Asia-Pacific prime services business, based in Hong Kong.

The Australian Securities and Investment Commission (ASIC), the country’s securities regulator, lifted its short-selling restrictions for financial securities on Monday, but said it would not hesitate to reintroduce the ban if market conditions required.

BlocSec, a non-displayed block-trading platform for Asian equities, has reduced its minimum order size to US$250,000 from US$1 million in response to falling block sizes in the region.