Author Archive for Steve
HKEx Announces Plans for Renminbi Futures
Hong Kong Exchanges and Clearing Limited (HKEx) plans to introduce Renminbi (RMB) currency futures in the third quarter of this year, subject to regulatory approval and market readiness. The planned USD/CNH futures contract* is designed to provide a way for investors to hedge RMB exposure. HKEx’s USD/CNH futures contract requires delivery of US dollars by [...]
GFI Group Announces First Iron Ore Swap Cleared via STP with SGX
GFI Group Inc. announced April 20 that it is the first broker to execute an electronically traded Iron Ore Swap which cleared at the Singapore Exchange “SGX” using STP (straight through processing). The trade was executed on GFI’s trading platform for energy and commodities – EnergyMatch® Europe. In addition to iron ore swaps, GFI also [...]
BNP Paribas Securities Services Adds Hong Kong to Cross-Border Distribution Network
BNP Paribas Securities Services (BNP Paribas) announced April 19 that it has added Hong Kong to its cross-border fund distribution network, enabling it to support non-Hong Kong-domiciled fund managers’ distribution requirements in the region. The move simplifies and optimises global fund managers’ access to Hong Kong by making it easier for them to register funds [...]
China Everbright Securities Live With ULLINK OMS
ULLINK, provider of low-latency connectivity and trading solutions for the global financial community, announced April 19 that CHINA EVERBRIGHT SECURITIES went live with ULLINK’s comprehensive order management solution in Hong Kong. The solution includes electronic client order collection from multiple networks, care order management with institutional trading front-ends, pre-trade risk management, and direct market access [...]
Singapore Exchange Q3 Profit $78Million
SGX recorded revenue of $163.6 million ($168.8 million), net profit of $77.8 million ($67.0 million) and earnings per share (EPS) of 7.3 cents (6.3 cents) in 3Q FY2012. This brings SGX’s net profit to $230.7 million for the nine months ended 31 March 2012 (YTD), 7% higher than last financial year’s $215.4 million. The Board [...]
SGX Enhances OTC Clearing of Commodities
Singapore Exchange (SGX) said April 18 SGX AsiaClear has enhanced access to its clearing process with the linking of OTC broking systems to its OTC Trade Registration System. The OTC broking community will benefit from the link which allows trades matched in an inter-dealer broker’s OTC broking system to flow straight through to SGX’s Trade [...]
Citi appoints Amol Gupte Head of Transaction Services for Asia
Citi has appointed Amol Gupte as Citi Transaction Services (CTS) head for the Asia Pacific region, effective May 1. Amol will be based in Hong Kong and will report to Rodrigo Zorrilla, Citi Chief Operating Officer Asia Pacific and Francesco Vanni d’Archirafi, CEO CTS. In this new role, Amol will become a member of the [...]
ICDX of Indonesia Adopts Bloomberg’s Open Symbology
Indonesia Commodity & Derivatives Exchange (ICDX) announced April 18 that it implemented Bloomberg’s Global Identifiers (BBGID) and supports Bloomberg’s Open Symbology (BSYM) to promote transparency and lower data management costs for its customers. ICDX will distribute BSYM through its data feeds and web sites to ensure optimum availability and access to its global customer base. [...]
Infograph: Commission Sharing Agreements in Asia
This Infographic on Commission Sharing Agreements (CSAs) in Asia provides a visual representation of just how far unbudling has come in this part of the world. This infogrpahic and the articel below it appeared in our second issue of the Asia Etrader magazine Please click the image below to see the full size. Sub: The [...]
Co-lo Shows HFT Appetite for New Venues
Intro: At a webcast held on the 26 March, Asia Etrading discussed the opportunities and costs that face new exchanges and markets launching in Asia. The launch of new trading venues is being welcomed by traders, looking for cheaper execution, however conservative regulators and well-ensconced incumbent exchanges in many Asian markets are proving difficult to [...]
