Australian Catholic Superannuation and NGS Super abandon merger plans; ASX 200 has no all-male boards for the first time; CIC posts 6.82% 10-year net returns; Cambridge Associates applies for licences to conduct business in Hong Kong; Korea's NPS records 7.49% returns for H1 this year; Korea Post seeks managers for ESG stocks mandate; GIC invests in Hong Kong ESG data start-up MioTech; and more
The Australian Securities & Investments Commission alleges that Goldman Sachs caused the price of a stock to climb 95% because of an erroneous trade order.
Following the failure of two recent ventures by Australia Securities Exchange, an executive from the bourse warns that the success of new platforms depends on drawing liquidity together.
Five years after the collapse of Lehman Brothers, central clearing services are appearing for over-the-counter derivatives in Asia Pacific, but challenges remain.
There is growing interest among regulators and exchanges in Asia in the introduction of national tri-party collateral platforms to mitigate against counterparty credit risk.
Australia’s securities regulator has fined the agency broker for failing to reject or report stock manipulation by a high-frequency trader that had the potential to damage market efficiency.
Other Asian regulators would do well to follow recent proposals made by the Australian securities watchdog, argue some market participants.
Chi-X Australia’s incoming CEO accuses the incumbent bourse of imitation and says he is ready to provide what he sees as much-needed competition.
Contrary to comments by the ASX chief, industry players say dark pool trading has not grown at the expense of lit-market volume, nor does it distort prices.
Australian regulator Asic is proposing to tighten controls over algo trading, but some say this will make HFT unviable and hurt the entire market.
Australia's move to charge HFT participants based on the number of messages they send to the exchange is self-defeating, but may be copied, warns Deutsche Bank.
Bourses such as those in Australia and Singapore need big, recognisable brands to compete these days, says Philip York of Empyreal Investments.