Bank of Beijing has chosen the IPC’s voice over IP-enabled desktop tool, IQ/MAX, for its trading floor. The bank had previously been using PBX phones for trading but decided to upgrade to VoIP and modernise its trading floor.

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Tata Capital has signed a memorandum of understanding with Mitsubishi UFJ Securities (MUS) to establish a basis of cooperation in a wide range of strategic business areas. This includes cross border investment banking, the global sales of Indian equities and the enhancement of Tata Capital’s IT infrastructure for trading services.

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NYFIX has added Tokyo-based FIX connectivity provider MetaBit’s MLH(Market Liquidity Hub) to the NYFIX Marketplace, giving Marketplace members efficient access to an increased number of Japanese brokers and regional exchanges.

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Serisys Solutions and pdv Financial Software GmbH, a software provider to international financial markets, have announced a strategic partnership to offer advanced broking, trading and risk management solutions to the Asia Pacific market.

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Financial connectivity provider Transaction Network Services (TNS) has been selected by the Bombay Stock Exchange (BSE) to provide trading functionality and market data information via the vendor’s fully-managed Secure Trading Extranet, which the 133-year old exchange anticipates will help reduce the number of network management issues faced by itself and its customers.

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IPC Systems has installed its voice over internet protocol VoIP IQ/MAX trading systems on the entire Shenzhen trading floor of the Shenzhen Development Bank.

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Online brokerage firm SogoTrade has launched a new Chinese language edition of its online trading platform, dubbed SogoTrade Chinese.

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The Bank of New Zealand has upgraded all of its New Zealand-based trading floors with IPC IQMX Enterprise solutions from IPC Systems, replacing the existing BT TDM equipment and technology with IP-based communications.

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China Everbright Bank, China’s first nation-wide joint-stock commercial bank with State Government as controlling shareholder and equity investment from international financial institutions, has signed a deal with Misys to install trading and compliance software solutions in its treasury and capital markets business.

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MIDF Amanah Investment Bank (MIDF Investment) has chosen IQ/MAX, the VoIP-powered digital console system from IPC Systems, to replace its existing equipment and technology. This win signifies the largest supply of IQ/MAX to date in Malaysia, which IPC considers a key growth market. IPC provides IP-enabled trading infrastructure that includes disaster recovery and compliance-related functionality, with the IQ/MAX turret, its second generation trading console.

India’s largest private sector enterprise, Reliance Industries, has chosen Triple Point Technology’s Commodity XL for Oil to handle its expanding global operations. Reliance has also selected Commodity XL Management Dashboard, an add-on module that provides business intelligence.

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NYSE Euronext is expanding its Liffe derivatives business in Singapore and setting up an electronic trading team in Tokyo as part of the expansion of its presence in Asia-Pac.
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While harmonisation across the Asia-Pacific region may not take the same form of standardised regulations in a similar way to MiFID in Europe, and while the region may not be as homogenised in terms of equity trading, the landscape is changing slowly, despite Asian markets still being “too diverse” from technological and economic standpoints, Alasdair Haynes, CEO of ITG International, has argued.

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Since Liquidnet Asia launched its operations on November 29 2007, trading Hong Kong, Singapore, Korea and Japan (offshore) equities, the global agency broker has seen an average trade size of US$626,569, which is some 34 times the average deal (trade) size on the Hong Kong Stock Exchange.

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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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GL Trade, provider of integrated software solutions to international financial institutions, says seven firms are live with its middle office solution GL Clearvision on the Tokyo Stock Exchange (TSE).

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Asia as a whole is more welcoming to technology in the electronic trading space and generally the brokerage community in the region is much more “technology hungry” than in either North America or Europe, though liquidity levels to sustain IT deployment could be an issue, the head of e-commerce at an inter-dealer broker has contended.

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Orange Business Services – Trading Solutions is expanding its Australian office and launching a new Australian PoP to meet growing customer demand for voice trading in the Australian market.

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Bombay Stock Exchange (BSE) hopes to boost its securities and derivatives trading capabilities following the signing of an agreement with OMX, which will see OMX technology serve as a new trading and clearing platform for BSE.

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With Liquidnet having gone operationally live on November 29 2007 in Asia and now covering four markets - Hong Kong, Singapore, Japan and Korea - the global agency broker has revealed that a further three new “well known” but unnamed institutional buy side clients went live on its anonymous institutional block crossing system in the last full trading week before the Christmas recess. John Barker, managing director of Liquidnet Europe, commenting on the latest live firms, says: “With Asia, it’s as if we were turning the clock back five years when we [Liquidnet] started offering our buy side-to-buy side only service in Europe – where we started off fairly slowly. The difference, though, is that in Asia we are seeing a nice increase in principal traded over where we were in early days in Europe.”

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