Five years after the collapse of Lehman Brothers, central clearing services are appearing for over-the-counter derivatives in Asia Pacific, but challenges remain.
The German bank sees an opportunity to provide tighter pricing on gold exchange-traded funds in Asia, citing its capabilities in gold spot and futures trading.
The e-Trading Association believes that safeguards against erroneous orders are best implemented at the exchange level. It comes after the SFC imposes the onus on brokers.
Yang Qiumei’s international experience and relationships will be crucial to her role as head of the fund-focused regulatory trade body’s new Hong Kong office.
Listed options on China A-share ETFs have drawn interest from banks, institutional investors and market-makers looking to cash in on demand for China-related securities.
CME Group is working with Chinese regulators to help more brokers trade derivatives overseas. This would enable mainland institutions to better hedge their commodity risks.
Blackstone names Singapore chairman, CS hires SE Asia private bank head, Manulife AM hires in Korea equities, Henderson Global appoints analyst, HKEx does LME reshuffle, Swift names new Asia head, law firms Sidley Austin and Debevoise make promotions.
Currency interventions by the city's de-facto central bank to maintain the dollar peg led to a jump in call warrants betting on HKEx's stock. It could spell good news for market turnover.
They say the Singapore Exchange’s closing-price mechanism for ETFs can lead to portfolio mispricing, with the issue exacerbated by inactive secondary-market trading.