Enterprise Innovation — SME Corporation Malaysia, a central coordinating agency under the Ministry of International Trade and Industry Malaysia that formulates overall policies and strategies for small and medium enterprises, wants more SMEs to list on Bursa Malaysia Bhd, an exchange holding company.
Telecom Asia — The Australian Securities Exchange’s (ASX) new PoP in Equinix’s International Business Exchange data center in Hong Kong is now operational. ASX is leveraging Platform Equinix in key international markets including Chicago and now Hong Kong, to help meet the needs of its growing business across the Asian region.
Telecom Asia — the urgency of low latency in the financial world peaked some years ago, it’s still a significant force and not just between New York and either Chicago or London. Today Japan’s NTT Communications took aim at a different route, that between the financial exchanges of Japan and Singapore.
Yahoo — Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT Group (NTT), announced today that it has added a new ultra-low-latency connectivity service between the Japan Exchange Group (JPX) and Singapore Exchange (SGX). This new connectivity service will offer the telecom industry’s lowest-latency level for international leased lines that directly connect the colocation facilities of JPX and SGX.
China Post — TAIPEI, Taiwan: The Taiwan Stock Exchange Co.’s, (TWSE) world-class data center located in Banqiao will be officially opened on Jan. 25. The securities market in Taiwan sets a new milestone for information infrastructure, according to a press release of the TWSE. The securities market has information at its core. The stability and efficiency of information system’s operations can influence the quality of a securities market greatly, especially the TWSE’s IT system which has been watched closely.
Transaction Network Services (TNS) has established a new connection into the co-location service of JPX, Japan’s main bourse. Under the agreement, TNS is offering high speed, reliable, cost-effective connectivity services to the JPX Co-location Service via its secure link into the arrownet-Global Service. arrownet-Global is an ultra-low latency end-to-end network service enabling market participants to connect directly from overseas markets into JPX’s co-location facility under a single contract.
Chinese e-commerce behemoth Alibaba Group Holding Limited is investing nearly USD194 million into a Chinese financial news media company. Alibaba Group signed a strategic agreement with Shanghai Media Group to leverage both companies’ Internet technology and media resources to penetrate China’s financial information services industry. Alibaba Group intends to invest CNY1.2 billion into China Business News, a Chinese financial media subsidiary of SMG, to create a financial data and information services company.
The Indonesia Stock Exchange (IDX) has revealed that two firms are set to list their shares, while some others are on their way to going public and raising funds from the capital market. According to Hoesen, the bourse director of corporate listings, two firms will make their stock market debuts in the first half of this year, the first of which is hospital operator Mitra Keluarga Karyasehat while the other is miner Merdeka Copper and Gold.
The Cambodia Securities Exchange (CSX) on Thursday inaugurated its new headquarters on Phnom Penh’s Street 106, which was renovated at a cost of $4 million in order to house the struggling bourse. The CSX moved its operations from the 25th floor of the nearby Canadia Tower to the French colonial-style building in September—three years after it launched —but waited until Thursday to officially open its new offices.
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.