All Entries in the "Blog" Category
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 [...]
OTC Clearing In Asia: Under Construction
All around the Asia-Pacific region, regulators are putting in place requirements for mandatory clearing of over-the-counter derivatives. At the same time, new services for the clearing of OTC derivatives are being developed in every major financial center in the region. While the landscape is still far from final, at least five countries are on track [...]
History Of South Korea’s Capital Markets Infographic
[CLICK IMAGE BELOW FOR FULL SIZE] South Korea’s modern capital markets development began back in 1949 with the founding of the first brokerage house Daehan Securities. Over the last 60 years Korea has transformed itself into a vibrant market economy that leads the world in index option futures. The next few years will usher in [...]
Hong Kong Clearing House Risk Management Reforms
This article appeared in Issue 1 of the Asia Etrader Magazine. The Stock Exchange of Hong Kong completed an industry consultation for reforming its 3 clearing houses, the HKFE Clearing Corporation (HKCC), the SEHK Options Clearing House (SEOCH) and the Hong Kong Securities and Clearing Company (HKSCC), on October 28, 2011 with an 8 question [...]
Plumbers View of OTC on CCP
Have not given it a whole lot of thought but here goes. Set up the CCP’s by product cluster, at least two per cluster, each with a maximum 50% share of market, each capable of carrying 100% of the load in a pinch. Let Office of Financial Regulation (OFR) or Federal Reserve Board (FRB) or [...]
Hong Kong Moves Into a New Era
Trading in Hong Kong remains a challenging endeavor for global investors. As authorities work to eradicate insider trading, Hong Kong has served as an informal test case for exploring how far the free market ethos can go before it begins to scare off investors. Hong Kong embodies an irony about capital markets—they have to be [...]
Asia Etrading 2011 Year in Review
2011 in Asia’s electronic trading industry saw much transformation, traction and, sadly, tragedy in a year where the region was largely insulated from the Global Financial Crisis (GFC) hangover. The earthquake and tsunami that wreaked havoc in Japan, the failed merger between Australia and Singapore, Hong Kong’s on-going exchange platform build-out, the announcement of competition [...]
An AsiaEtrading Christmas Carol
‘Twas the night before Christmas, the year at a loss Not an order was stirring not even a cross The PnL report updated with care In hopes that the bonus soon would be there While brokers were nestled all snug in their beds With visions of trade performance dancing in their heads With me at [...]
Chi-X Australia Open For Business
Today, October 31, marked the long awaited first day of business for Chi-X Australia, a subsidiary of Chi-X Global. Early indications have the display alternative processing over 800 trades worth more than A$5 million by the end of close. Trades were realized in all 8 securities (BHP Billiton, CSL, Leighton Holdings, Origin Energy, QBE Insurance, [...]
