All Entries Tagged With: "Equity"
BRICS Exchanges to Cross-List Benchmark Equity Index Derivatives
The five founding members of the BRICS Exchanges Alliance (Brazil, Russia, India, China and South Africa) will begin cross-listing benchmark equity index derivatives on each other’s trading platforms on 30 March (Friday). The move was announced today (Tuesday) at the Futures Industry Association’s 37th International Futures Industry Conference in Boca Raton, Florida. The five exchanges, [...]
BSE Signs up FTIL’s ODIN For Equity Derivatives Re-Launch
BSE Ltd. and Financial Technologies (India) Limited (FTIL) have signed an agreement to provide ODIN™—a brokerage solution of FTIL—to BSE members as a part of the exchange’s efforts to re-launch its equity derivatives segment. As per the agreement, the empanelled members on BSE will trade on its derivatives segment using ODIN™’s Computer-To-Computer-Link (CTCL) platform. BSE, [...]
ASIC Consults on Equity Market Structure Issues
ASIC released October 20 a second-phase consultation paper on equity market structure issues arising from recent and anticipated developments in Australia’s financial markets. Consultation Paper 168 Australian equity market structure: Further proposals (CP 168) seeks views on proposed market integrity rules relating to: o automated trading including high frequency trading; o volatility controls for extreme [...]
Kim Man Li Joins BAML
Bank of America Corp. (BAC) has hired Kim Man Li, former head of Asian electronic trading sales at Goldman Sachs Group Inc. (GS), as a director and head of product development for Asia Pacific equity execution services in Hong Kong. Li will join the bank’s Merrill Lynch unit, reporting to Ryan Holsheimer, head of Asia [...]
Nomura Adds Expertise to its Expanding Australian Equity Business With Four Key Senior Hires
Advancing the growth and momentum of its Australian operations, Nomura, the global investment bank, announced four key senior appointments to its Australian equity business on September 9. The new hires will report to Andrew Norman, Head of Equities Australia and Richard Johnson, Head of Research. They include; Managing Director, Head of Resources Research; Executive Director, [...]
BSE Allows Trading in Additional Stocks in the Equity Derivatives Segment
Following approval from Capital market regulator SEBI, Bombay Stock Exchange Ltd.announced June 9 the introduction of additional stocks for trading in its Equity Derivatives segment. Consequently, futures and options on stocks currently eligible on all stock exchanges will be available for trading on BSE. These will be available for trading from August 2011 contracts and [...]
SEBI Allows Liquidity Enhancement Schemes in Equity Derivatives
In consultation with BSE, MCX-SX, NSE and USE, it has been decided to permit Stock Exchanges to introduce one or more liquidity enhancement schemes (LES) to enhance liquidity of illiquid securities in their equity derivatives segments. The Stock Exchange shall ensure that the LES, including any modification therein or its discontinuation, a. has the prior [...]
HKEX Changes of Designated Securities for Short Selling
The Stock Exchange of Hong Kong Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), announces that with effect from 24 May 2011 (Tuesday), 65 additional securities will be eligible for short selling and 18 existing designated securities will be removed from the list. The total number of designated securities for short [...]
India’s Equity Market Microstructure Evolution
India’s equity market microstructure has undergone a significant transformation over the past few years. The key drivers of this change have largely been regulatory as Direct Market Access (DMA) and Smart Order Routing (SOR) have been permitted by the Security and Exchange Board of India (SEBI). Technology has also been a factor as both the [...]
Thomson Reuters 1Q2011 Asia and China Equity Capital Markets Summary
• Asia Pacific (excluding Japan) region continues to hold the global top spot for IPOs this quarter, with IPO proceeds across the region reaching US$24.3 billion, 54% of the global IPO total. Last year at this time, Asia’s IPOs accounted for 46% of the global volume. • While some industry experts point to a spillover [...]
