Five years after the collapse of Lehman Brothers, central clearing services are appearing for over-the-counter derivatives in Asia Pacific, but challenges remain.
Tag : asx
There is growing interest among regulators and exchanges in Asia in the introduction of national tri-party collateral platforms to mitigate against counterparty credit risk.
Australia’s securities regulator has fined the agency broker for failing to reject or report stock manipulation by a high-frequency trader that had the potential to damage market efficiency.
Other Asian regulators would do well to follow recent proposals made by the Australian securities watchdog, argue some market participants.
Chi-X Australia’s incoming CEO accuses the incumbent bourse of imitation and says he is ready to provide what he sees as much-needed competition.
Contrary to comments by the ASX chief, industry players say dark pool trading has not grown at the expense of lit-market volume, nor does it distort prices.
Australian regulator Asic is proposing to tighten controls over algo trading, but some say this will make HFT unviable and hurt the entire market.
Australia's move to charge HFT participants based on the number of messages they send to the exchange is self-defeating, but may be copied, warns Deutsche Bank.
Bourses such as those in Australia and Singapore need big, recognisable brands to compete these days, says Philip York of Empyreal Investments.
Asia-Pacific exchanges – particularly Hong Kong's – need to do more to boost volumes than simply open earlier and shorten their lunch breaks, stresses agency broker Instinet.
Market participants see the announced plan to build network links as a gesture of Tokyo’s desire to keep up with global exchange wheeling and dealing.
The Singapore Exchange is expected to make a full takeover bid for the Australian Securities Exchange today.
