All Entries in the "Block Trading" Category
Bursa Malaysia Derivatives Introduces Negotiated Large Trade Facility
Market participants can now transact large-sized orders on futures contracts listed on Bursa Malaysia Derivatives via the Negotiated Large Trade (NLT) facility. This newly introduced facility allows large trades to be transacted at a single price, thereby minimising slippage and execution uncertainties. This service is available for the KLCI Index Futures (FKLI), the Crude Palm [...]
TOCOM Improves Block Trading by Including Commercials as Eligible Trading Parties
Tokyo Commodity Exchange Inc. (“TOCOM” or the “Exchange” hereafter) announced December 28 that the Exchange added Commercials as eligible trading parties of Block Trading after having received approval from the Minister of Economy, Trade and Industry on December 24, 2010. Block Trading, whose advantage is that large orders can be executed entirely at a single [...]
Asia’s Exchange Darkpools Lightup
I am not talking about the widely publicized and anticipated Singapore Exchange (SGX) and Chi-X joint venture Chi-East but about the Korea Exchange (KRX) and the Australian Securities Exchange (ASX). Block trading is nothing new to these exchanges but offering a dark block facility is something else entirely at least for Asia. The ASX launched [...]
KRX Introduces New Auction-based Block Trading Service
On 21st July 2010, Korea Exchange’s proposal on new ‘Auction-based Block Trading Service (hereinafter “A-Blox”)’ for its Securities markets (KOSPI Market & KOSDAQ Market) has been approved by Financial Services Commission. Key functions of this new service will be anonymous liquidity pool and VWAP transaction mechanism which are designed to accommodate large lot trading demands [...]
ASX VolumeMatch to go live on 28 June 2010
The Australian Securities Exchange’s (ASX) new large order execution service, VolumeMatch, will be available from next Monday, 28 June 2010. Twenty-three ASX Participants have satisfied the certification and authorisation requirements to use VolumeMatch and are ready to route orders into the new service from Monday onwards. VolumeMatch is an execution mechanism for large orders that [...]
HKEx Extends Price Range for Block Trades in its Derivatives Market
Hong Kong Exchanges and Clearing Limited (HKEx) has amended its rules to extend the acceptable prices at which block trades can be executed in its derivatives market. From 24 May 2010, blocks trade must be executed at a fair and reasonable, based on certain new criteria (please see attachment for details). The revisions are designed [...]
