IBM Corp. is building a risk management system for Guotai Junan Securities in collaboration with Algorithmics, a Toronto-based provider of enterprise risk solutions. IBM says that the risk system for the Shanghai-based brokerage is its first for a Chinese securities firm.
Implementation has begun, according to Colin Lawrence, IBM’s China risk management leader. “The first… Read the rest

Agency brokerage Instinet said last week that it is offering Hong Kong equities on CBX Asia, an alternative trading platform that was previously limited to Japanese stocks.
Instinet, a subsidiary of Nomura Holdings since early 2007, began offering Japanese securities to institutional investors and broker-dealers in 2001 through CBX Asia. Although Instinet’s flagship platform in… Read the rest

Trade management servicer Omgeo has announced a joint venture with the Korea Securities Depository (KSD) to provide investment firms in that country with automated trade matching and processing.
Slated to begin testing in the first half of next year, the service bureau will give Korean asset managers access to the Central Trade Manager matching platform… Read the rest

The Chicago Mercantile Exchange (CME) announced Nov. 10 that all Dubai Mercantile Exchange (DME) contracts, including Oman crude oil futures, will begin trading on the CME Globex platform in first-quarter 2009, pending approval from the DME board.
Following the transition, which will see DME abandon its trading platform, the world’s three benchmark crude oil contracts–West… Read the rest

Top video site will offer mix of genres
SHANGHAI — China’s top video Web site, Youku.com, has inked deals with producers of more than 1,000 TV series producers to put 40,000-plus episodes online, amounting to 50,000 hours, the company said Tuesday.
“Youku has obtained copyright authorizations for 80% of all the TV series in the… Read the rest

CanalPlus deal brings channel 4 million more viewers
SHANGHAI — France Telecom subsidiary GlobeCast will carry Chinese national broadcaster CCTV’s French-language channel CCTV-F in Europe, the Paris-based company said Monday.
Distributed by CanalPlus, the deal will see CCTV-F join the CanalSat Live broadcast platform as a free-to-air channel.
“The channel will potentially reach CanalSat’s over… Read the rest

Viacom adding ‘never before seen’ episodes for total of 30
SHANGHAI — Nickelodeon’s “SpongeBob SquarePants” will return to China Central Television in January.
The American animated children’s series first aired on CCTV in 2006, and again from September-December 2007.
For its third showing in China, Viacom said Thursday that it will bring “all-new, never before… Read the rest

Advertising could slow during Games
SHANGHAI — Baidu.com, China’s top search engine, oposted an 87% surge in quarterly profits Thursday, boosted by Internet traffic growth ahead of the Beijing Olympics.
Beijing-based Baidu, which has nearly 65% of the Chinese market, posted a second-quarter profit of 265 million yuan ($38.6 million) for the three months ending… Read the rest

The United Arab Emirates hopes to complete a contactless smart card system for its roads and public transportation system by the end of 2009 with the help of Octopus Knowledge Ltd. and the Electronic Documents Centre LLC, a card personalization, billing and fulfillment supplier.
According to Octopus, a subsidiary of Hong Kong-based Octopus Holdings Ltd.,… Read the rest