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Asia and Latin America News Network focusing on Financial Markets, Energy, Environment, Commodity and Risk, Trading and Data Management

August 5, 2008 • 10:08 am 0

Nyfix connects to MetaBit Market Liquidity Hub

NYFIX has added 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. MetaBit’s MLH clients will benefit from membership with the NYFIX Marketplace, one of the leading fully-managed, FIX-based trading communities in the world, gaining the ability to efficiently trade with more than 400 buy-side and 475 sell-side firms who are currently members.

Bob Moitoso, Global Head of the FIX Division at NYFIX comments: “We are on a mission to provide members of the NYFIX Marketplace with the broadest range of electronic trading services and global liquidity sources possible. By partnering with MetaBit we’ve been able to accelerate our reach into the Japanese markets and satisfy our members’ request for access to brokers and exchanges in the region. We look forward to working with MetaBit to continually provide our buy-side and sell-side members with enhanced solutions and opportunities for more efficient electronic trading.”

Daniel Burgin, CEO, MetaBit adds: “Today’s firms need extended connectivity to gain traction in global markets. The NYFIX Marketplace offers MetaBit’s clients a great platform to international markets. This partnership supports a natural progression for our FIX network and allows our clients to gain seamless access to one of the world’s largest FIX enabled trading communities.”

Source: NYFIX 04.08.2008

Filed under: Asia, Exchanges, FIX Connectivity, Japan, News, Trading Technology, , , , , , , , , , , , , , , , , ,

August 5, 2008 • 9:13 am 0

Tokyo Commodity Exchange to demutualise

The Extraordinary General Meeting held on July 29th decided to change the structure of our Exchange from a membership organization to a stock company (demutualization).

Based on the approval from the Ministry of Economy, Trade and Industry (METI), The Tokyo Commodity Exchange (TOCOM) will become the first for-profit commodity exchange in Japan on December 1st, 2008.

As a result of the demutualization, we anticipate that the speed of our decision-making process increases as well as flexible fund raising becomes feasible.

Source: TOCOM 04.08.2008

Filed under: News, , , , , , ,

August 5, 2008 • 1:19 am 0

China Regulators: Careful preparations ahead of Index Futures

The long-awaited stock index futures in the mainland market still need careful preparation due to changing situations, a senior official with the China Securities Regulatory Commission (CSRC) said, dampening market hopes that the product will kick off year.

At the half-yearly work meeting of the CSRC this week, a senior official said the regulator will continue preparatory work for the stock index futures under the principle of pursuing high standards and a smooth start, China Business News reported Thursday, quoting a source who attended the meeting as well.
While fortifying operations for existing futures products, the regulator will introduce new trading products steadily, the official said.

Currently, the nation’s fuel oil and metal futures contracts are traded in the Shanghai Futures Exchange, while farm produce futures deals are made in Zhengzhou and Dalian.

Established in 2006, the China Financial Futures Exchange will cover trading of Financial derivatives, including the stock index futures. Its virtual transaction is already under way.
Previously, there were market rumors that preparations for the index futures were close to an end and the launch was just around the corner.

Although the regulator has expressed similar expectations on different occasions, the situation has changed beyond the original plan so far, the CSRC official said. He vowed that financial authorities will review the market performance and make relevant preparations.
The official noted that the regulators will carefully consider individual investors’degrees of acceptance in the design of index futures. They will also draw lessons from warrants issued to prevent excessive speculation.

Last week, a source from China International Capital Co said the stock index futures trading is likely to be launched in January of next year rather than sometime this year after the Beijing Olympics.
The source stressed that the authorities deemed it prudent to launch index futures trading in a stable stock market environment with limited daily price fluctuations.

Source: SINA.com, CITIC Futures, Mr. Liang Haisan, 01. August 2008

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