Swift’s innovation-focused spin-off Innotribe has announced the five Singapore finalists for its global startup challenge, which aims to help innovative new companies in financial services to develop their ideas and transform them into working businesses.
Bangladesh’s Sonali Bank has adopted a core banking system from Indian technology company Polaris, in a move that it says will transform it into the most modern bank in the country.
New Zealand’s NZX has joined BT Radianz Cloud, a network that connects to global markets, making it easier for international investors to access the New Zealand market, which is predominantly known for dairy products.
Java virtualisation specialist Waratek, one of the finalists in the Swift-backed Innotribe Challenge at this year’s Sibos in Dubai, has formed a partnership with Asia market access specialist Intralink to expand into Asia Pacific. As well as the Innotribe final, the Waratek CloudVM for Java offering has been selected for the Fintech Innovation Lab, based […]
Hong Kong Mercantile Exchange has joined the BT Radianz Cloud, a network that the exchange hopes will help better connect it to investors from the outside world.
The Australian Securities Exchange has set out plans to offer client clearing of OTC derivatives before the end of the year, in a move designed to provide new risk management controls to Australian investors.
Buy-side block trading venue Liquidnet has opened in Thailand, providing long-term institutional investors with another platform for trading the ASEAN market.
New Bangladeshi bank South Bangla Agriculture & Commerce Bank has begun operations using Temenos T24 as its core banking software.
US post-trade services utility the DTCC has appointed Peter Tierney as regional head of Asia, as the company continues its drive to be a global centre for OTC derivatives reporting.
Australian alternative trading system Chi-X Australia has appointed John Fildes as its new chief executive, taking over from Peter Fowler on 1 May.
Japan Exchange Group has set out plans to slash 8.5 billion Japanese yen (£60 million) from its annual operating costs by 2015 – representing 15% of the firm’s overall budget – as the exchange seeks to revitalise its equities and derivatives markets and take on its competitors.
The Depository Trust & Clearing Corporation will start operating a Japanese over-the-counter derivatives trade repository this month, flowing approval by the Financial Services Agency of Japan.
The Philippine Dealing and Exchange has chosen a system to monitor its fixed income markets and make sure that any market abuse is swiftly discovered and dealt with.
HSBC and Barclays have begun trading Singapore-listed stocks on the London Stock Exchange, using the LSE’s newly-created international board.
Bank of America Merrill Lynch has launched a treasury management reporting tool, CashPro Accelerate, in Asia Pacific.
Singapore’s Cleartrade Exchange has appointed Mark Langley as its new Asia business development director as it seeks to expand its presence in commodity futures.
As Asian markets continue to lure international investors, participants on Japan’s new Exchange will now be able to get market access and algorithmic trading tools from data and analytics company S&P Capital IQ, which has chosen to locate itself at KVH’s datacentre in Tokyo.
Hong Kong Exchanges and Clearing has improved its connectivity to the outside world, through a deal with low-latency specialist Telstra Global at its new data centre at Tseung Kwan O.
HSBC is to pilot a foreign exchange netting system in China after getting approval from authorities there – the first foreign bank to get such approval. The programme is part of the Chinese State Administration of Foreign Exchange’s recently launched Foreign Currency Centralised Management pilot scheme for multinational companies.
Western investment firms looking to trade in Asia Pacific should not rely on algorithms that have been ported from the US or Europe, according to William Capuzzi, president of trading technology company ConvergEx’s global execution business – instead, they should adopt dedicated tools built from the ground up.
Bursa Malaysia has introduced a new market surveillance system for equities and derivatives from Sri Lanka-based IT company MillenniumIT.
The Singapore Exchange has stepped up its efforts to connect to international market participants, with a deal between itself and German derivatives exchange Eurex that will allow traders in Europe to access the Singapore market more easily.
The creation of a new united bourse for Japan, called the Japan Exchange Group, has come one step closer with the final approval of Japan’s Financial Services Agency for the listing of JPX stock on the Tokyo bourse this week.
