The Australian Stock Exchange has outlined a four-year, $50 million path to entirely new trading and post-trade platforms in an effort to make the exchange more flexible, cost effective and quicker to market. The mammoth effort will kick off with the replacement of the ASX’s derivatives and equities trading platforms and risk management and market monitoring systems. This ‘phase one’ is expected to take up to two years. The project will consolidate platforms and replace legacy systems with “contemporary global solutions”.
The Cambodia Securities Exchange (CSX) presented two new trading tools to the public Thursday to speed up transactions and entice greater interest in the country’s lackluster bourse. From Monday, stock traders will be able to use continuous trading and trading before settlement services. Continuous trading will allow investors to perform trades at any time during the two-hour trading session—between 9 a.m. and 11 a.m.—and respond to real-time stock price changes rather than wait for the allotted execution window, which currently occurs every half hour.
Two Japanese firms and Myanma Economic Bank on December 23 signed an agreement to establish the Yangon Stock Exchange, which is set to be opened late 2015. The agreement between Daiwa Institute of Research, an arm of Daiwa Securities Group, as well as Japan Exchange Group and state-owned Myanma Economic Bank, is the result of discussions that have been ongoing since May 29, 2012, when a memorandum of understanding was initially signed.
KVH Co. Ltd., Asia’s leading Information Delivery Platform headquartered in Tokyo, Japan, and Japan Exchange Group (JPX), the world’s third largest exchange group, today announced a strategic partnership to offer arrownet-Global targeting global participants looking to access JPX’s trading venues in Tokyo from key and emerging markets in Asia, Europe and the US. KVH has been focusing on the capital markets sector since its inception and has a proven track record in providing critical network infrastructure to Japanese exchanges, including Tokyo Stock Exchange (TSE), Osaka Exchange (OSE) and other key venues, ,,
Tata Consultancy Services and HCL Technologies each declined about 9 per cent on Friday, the worst daily fall in at least five years and HCL Technologies each declined about 9 per cent on Friday, the worst daily fall in at least five years, amid investor concern over growth prospects after the financial performance of both software exporters in the September quarter missed analysts’ expectations.
Online finance has boomed in China over the last year and a half. It started with mutual funds accessible to average citizens, offered by Alibaba, Baidu, and Tencent. Then, a surge in peer-to-peer lending took hold because – like the mutual funds – they also lowered the barrier for individuals to secure personal loans in China. And now a new wave of finance tech is taking hold: wealth management and investment apps.
SYDNEY, Feb 4 (Reuters) – Several failed Australian mining firms are finding a profitable future above ground – in the cloud. Three small mining shell firms are the target of reverse takeovers on the Australian Stock Exchange (ASX) to transform into cloud computing services firms, looking to capitalise on Australia’s reputation as a “benign host” in the booming cloud industry.