CME Group and Korea Exchange (KRX) have a strategic partnership realized through a market linkage agreement. The agreement enables KRX members to trade KOSPI 200 futures after hours on the CME Globex trading platform, via the KRX’s Unified System for Global Trading.
The partnership provides:
- A global distribution network for the KOSPI 200 futures
- Virtual 24-hour access to the contract via KRX member firms
Nasdaq (Nasdaq:NDAQ) announced that Global Access Services, the exchange group's facilitator of alpha-generating market solutions for the financial services community, will launch a Nasdaq Point of Presence (Nasdaq POP) in Chicago, Illinois in the first quarter of 2015. The Nasdaq POP in Chicago, along with the Nasdaq POP already live in Secaucus, New Jersey, will be available for market participants seeking access to Nasdaq eSpeed, the exchange group's over-the-counter platform for electronic trading in U.S. Treasury securities, and Nasdaq's U.S. cash equities and equity derivatives markets pending Securities and Exchange Commission approval. In addition, Nasdaq will establish a disaster recovery facility in Chicago for Nasdaq eSpeed in the fourth quarter of 2014.
Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced that it has successfully completed the transition of the Liffe European interest rate derivatives complex to ICE Futures Europe.
The Taiwan Stock Exchange (“TWSE”) is pushing forward with the construction of a new state-of-art data center in Banqiao (“BQ Data Center”), New Taipei City, which will be fully operational by the end of 2015.
The US$90 million BQ data center will greatly strengthen the physical trading infrastructure of the Taiwan capital market by providing a secure operational environment for reliable trade execution and connectivity to global investors and foreign markets. It will position the Taiwan capital market at the forefront of technology infrastructure by considerably reducing order flow and market data dissemination latencies, enabling Taiwan participants to benefit from higher efficiency and lower latency.
The development of the BQ Data Center will enable TWSE to offer co-location services, as well as a foundation for the launch of cloud application services in the future.
Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced that operations at ICE Futures Singapore and ICE Clear Singapore are planned to commence on March 17, 2015.
Japan Exchange Group, Inc. (JPX) announced that subsidiaries Tokyo Stock Exchange, Inc. and Osaka Exchange, Inc. will open representative offices in Hong Kong's Central business district on November 1, 2014. The joint launch will make Hong Kong the fifth city covered by the corporate group's network of overseas offices that currently spans New York, London, Singapore, and Beijing.
Hong Kong is one of the world's leading international financial centers, with a number of Asian headquarters of international securities companies and asset management companies, as well as global hedge funds. Recognizing that establishing a presence in the city is of prime importance in attracting order flow toward Japan from investors located in Asia, the representative offices in Hong Kong will seek to further raise the profile and appeal of the Japanese market in the region.
NanoSpeed, the provider of ultra-fast FPGA solutions to the trading community, released its latest Nano-Risk FPGA for the CME. With a latency of sub 60 nanoseconds the product is the new benchmark for fastest pre-trade risk checks. Nano-Risk is fully compliant with CFTC’s Concept Release on Risk Controls and System Safeguards for Automated Trading, SEC’s 15C3-5 regulation and ESMA’s guidelines on automated trading.
Nasdaq (Nasdaq:NDAQ) and Shenzhen Stock Exchange (SZSE) signed a memorandum of understanding (MOU) at the World Federation of Exchanges' annual General Assembly to strengthen cooperation and promote mutual development between the two exchange companies. SZSE's Chairman, as well as Nasdaq's Vice Chairman Sandy Frucher and Executive Vice President and Head of Market Technology Lars Ottersgård were present at the signing ceremony.
On November 3, SIX Swiss Exchange will launch the Sponsored Foreign Shares trading segment in which international blue chip equities can be traded. Renell Wertpapierhandelsbank AG and ICF BANK AG Wertpapierhandelsbank will act as the first sponsors and thus as market makers.
The Sponsored Foreign Shares trading segment on SIX Swiss Exchange will allow for more than 500 equities from 27 different countries to be traded. The broadly diversified clientele of SIX Swiss Exchange will thus have the opportunity to trade equities of the most important firms from the US, Germany, France, Japan and other countries directly on the Swiss stock exchange and in Swiss francs. The first two sponsors are Renell Wertpapierhandelsbank AG and ICF BANK AG Wertpapierhandelsbank.
The two sponsors can request approval from SIX Exchange Regulation for the trading of foreign equities with a primary listing on a recognized foreign stock exchange. At the same time, the sponsors undertake to comply with the reporting and maintenance requirements and to guarantee market making activities during the SIX Swiss Exchange trading hours. The admission of the securities takes place without issuer involvement and no obligations arise for them.
From 3 November, Yandex ordinary shares (YNDX) will be added to the Equity Market Making program, having been admitted to trading with partial collateral from 13 October.
The premium rate paid to market makers for entering quotes doubling to 1.5 bps from 3 November. The target of changes is to stimulate liquidity in the most liquid shares, including those for which the tick size methodology was changed from 1 October.
The Market Making program was developed, and is now being improved, with the active involvement of investors. Participation is open to any market participant.