BNY ConvergEx Group has expanded its reach into the Asian market with the launch of a new office based in Hong Kong under the moniker Eze Castle Software - Asia Pacific Ltd. R.G. Manalac, who is currently managing the company’s West Coast operations and is director of consulting at Eze Castle Software, will run the office.

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Investment Technology Group (ITG), provider of technology-based trading services and transaction research, is introducing its Triton execution management system (EMS) into the Asia-Pacific region. The system enables buy side traders to trade more than 30,000 equities via multiple destinations across the Asia-Pacific markets from a single application on their desktop, rather than having to access multiple exchanges, brokers and algorithmic trading tools individually, ITG says. This should bring improved efficiencies to buy side trading at a time when Asia-Pacific trading firms are embracing more complex forms of electronic trading and adopting global standards of best execution, it believes.

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IND-X Securities has launched its operations using Fidessa LatentZero’s EMS Workstation to provide execution services, initially for Japanese equities trading. A subsidiary of Tokyo Stock Exchange-listed Japaninvest Group, Japan’s largest independent research house, IND-X Securities is a new securities firm established to provide a broker neutral, unconflicted execution hub for buy side firms trading Japanese stocks.

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Charles River Development is offering integrated connectivity to the Liquidnet Asia trading venue via the Charles River Investment Management System (Charles River IMS). Liquidnet Asia will provide direct access to its liquidity pools in Hong Kong, Japan, Korea and Singapore, as well as 24 other markets around the world.

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Telstra Super, Australia’s largest corporate superannuation fund, has selected technology from Charles River Development to automate its investment management operations.
This move will provide users of Telstra Super with portfolio management tools as well as improved trade order management and real-time compliance testing on a single platform, the vendor says.

As a provider of a huge range of superannuation services for current and ex-employees of Telstra Corporation, and with more than 90,000 members and nearly $12 billion in assets, Telstra Super is currently Australia’s largest super fund since its establishment in 1990.

Adoption of FIX by Asia-Pacific investment firms seeking to trade electronically with global brokers and specialised venues is on the rise, and this is one of the factors driving interest in order management systems in the region, reckons Cameron Field, managing director of Asia-Pacific operations for Boston-based OMS vendor Charles River Development.

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