Better Pre Trade Risk Might Have Helped Citi Australia
The ASX Disciplinary Tribunal recently slapped Citigroup Global Markets Australia (CGMA) with fines totaling $50,000 for two separate trading incidents that occurred in 2008. The first event transpired on May 16 in the futures segment. 250 lots of the December 90 day bank bill futures (IRZ8) were incorrectly entered to buy at 92.68 when in [...]
Alternative Trading Venues in Asia: A Primer
Electronic Communication Networks (ECN), Darkpools, Alternative Trading Systems (ATS), Multi-lateral trading facilities (MTF), crossing networks we’ve all heard about them and Asia’s electronic trading industry is no exception. In fact ITG POSIT has been available in Asia since 2003. They provide execution in Hong Kong, Australia, Japan and Singapore with the Singapore flow going through [...]
The Rise Of Market Data
A report issued by Thomson Reuters and Lepus recently contended that market data “contributed to the financial crisis” citing poor quality and more than one copy of the same information as the primary causes. Consider the uses of market data – alogrithms, analytics, settlements, risk management and trading. Someone who is engaged in high frequency [...]
Fidessa’s Results In Asia 2009
Fidessa PLC reported impressive full year results on February 15 despite a tough 2009. The company as a whole reported revenue with 63% generated from the sell side, 19% from connectivity, 11% from market data and 7% from the buyside (LatentZero/Capstone/Sentinel). Given the small but growing (38% year over year) portion of total revenue that [...]
Algorithms To Make Money And Save Money Whats The Difference?
Investopedia defines algorithmic trading as “A trading system that utilizes very advanced mathematical models for making transaction decisions in the financial markets.” Some of these decisions are intended to make money and others serve to save.
Let’s examine money making algorithms. Algorithms of this type are commonly the domain of hedge funds and market makers seeking [...]
What Asia City Is The Best To Headquarter An Electronic Trading Business?
Singapore is the best city in Asia to headquarter an electronic trading business according to a two week opinion poll conducted at the AsiaEtrading.com website. In what was the most successful poll to date and it came as no surprise. With a corporate tax rate of 18% (17% in 2010), a high standard of living, [...]
North East Asia Exchange Insights
The second day of TradeTech China held last week began with a panel of representatives from the Shenzhen Stock Exchange (SZSE), Shanghai Stock Exchange (SSE), the Taiwan Stock Exchange (TWSE) and the Tokyo Stock Exchange (TSE). The discussion in both Mandarin and English centered around how these exchanges are improving their technology and increasing connectivity [...]
TradeTech China 2010 Conference Highlights
The second annual TradeTech China conference held in Shanghai January 28 to 29 featured some interesting discussions, roundtables and speeches of the machinations of China’s electronic trading industry. The opening keynote panel featured 4 prominent buyside speakers who spoke of the challenges of China’s fund industry including regualtory constraints, execution limitations and unsatisfactory trading tools. [...]
Trading Software Vendors Needed In China
This was the message from the four buy-side fund managers in the opening keynote panel at TradeTech in Shanghai January 28. The fund managers (Li Shu – Changxin Fund Management, Sha Qin – Guotai Asset Management, Liu Dayuan – Harvest Fund and Dennis Lee – Hua An Fund Management) contended that more services and functionality [...]
China Securities Index 300 (CSI300) Future Contract Information
The much anticipated and long awaited China Securities Index 300 (CSI300) future contract looks to be in its final stages of approval to commence trading on the China Financial Futures Exchange (CFFEX) sometime this spring. The State Council gave an “in principle” endorsement earlier this month to the China Securities Regulatory Commission (CSRC) to allow [...]
