Asia

Electronic foreign exchange trading platform FXall has launched Cross Currency Netting, a new feature enabling users to manage high-value multi-currency exposures in volatile markets.

Investment Technology Group (ITG), a global agency brokerage and trading technology firm, has reshuffled its senior management following the departure of international CEO Alasdair Haynes.

Exchange group Nasdaq OMX and the Osaka Securities Exchange (OSE), Japan’s largest derivatives exchange, have signed a memorandum of understanding with the intent of forming a strategic partnership.

Japanese investment bank Nomura has launched onshore equity sales and trading in India, leveraging the local assets of investment bank Lehman Brothers that it purchased in 2008.

RHB Investment Bank has implemented GL Net, Sungard’s recently acquired order routing network, to provide direct market access to the Bursa Malaysia, the domestic Malaysian stock exchange.

Equity trading costs in developed Asian markets increased by 100% – and leapt by more than 200% in certain other of the region’s markets – in the two years to December 2008, largely in response to heightened volatility, according to a study by agency broker and technology provider Investment Technology Group (ITG).

Investment Technology Group (ITG), an agency broker and technology provider, has added global electronic trading capabilities to its Triton execution management system (EMS).

William J. Brodsky, the newly-appointed chairman of the World Federation of Exchanges (WFE), asserted that the global financial markets are at a “critical juncture” in their evolution, as the federation laid out three priorities for 2009.

Cash and derivatives broker MF Global has expanded its over-the-counter energy brokerage in Singapore as well as its equity derivatives team in Hong Kong.

Knight Asia, the Asian arm of US-based agency brokerage Knight Capital, will start trading in nine markets in Asia from today, as it looks to establish a presence in the region.