ALEX DAI

Alex Dai was the assignment editor in the Shanghai bureau of Trombly Ltd. from Oct. 2006 until the company ceased operations in 2009. Prior to that, he was the payments reporter. He has filed hundreds of stories about payments and securities in Asia for US-based business publications.

Posts by Alex Dai:

China Opens Avenues for Foreign Companies

China has taken major strides toward opening up its financial markets, allowing foreign companies to issue stocks and bonds on the mainland, tripling the allotment for foreign investors, and easing restrictions on securities industry joint ventures. The changes, which followed the third round of economic dialogues between the U.S. and China, have been much awaited […]

Moving Beyond BPO

The leading edge of financial services outsourcing can be seen in a pair of agreements Calyon, Crédit Agricole’s investment banking subsidiary, made this summer with Accenture and Capco. The three-year deals, which include consulting, systems integration and application outsourcing services, are indicative of a growing trend: Outsourcing firms are supplying clients with a range of […]

OMX Supplies Singapore With New Clearing System

The Singapore Exchange (SGX) has announced that it will implement a new clearing system from Stockholm-based exchange operator OMX, expected to launch in 2009, for its derivatives and securities trading and over-the-counter business. “The new clearing system is part of SGX’s ongoing efforts to renew and refresh its IT infrastructure and capabilities,” Muthukrishnan Ramaswami, senior […]

Moving Beyond BPO

Outsourcers offer integrated services, range of technology, research solutions The leading edge of financial services outsourcing can be seen in a pair of agreements Calyon, Crédit Agricole’s investment banking subsidiary, made this summer with Accenture and Capco. The three-year deals, which include consulting, systems integration and application outsourcing services, are indicative of a growing trend: […]

Chinese prepaid market growing in closed loops

During the past year, prepaid use in China’s rapidly growing economy has seen a boom in the transportation and communications sectors and other closedloop markets. However, governmental regulations are still blocking any development in open-loop markets. One hundred thirty million prepaid cards were in circulation in China in 2006, up 19.3% from 109 million in […]

China’s Securities Infrastructure Under Stress

Chinese securities companies’ information technology has been severely stressed in recent months due to stock-market growth and regulatory changes, said Beijing research firm China Market Information Center (CMIC). The Chinese stock market rebounded in 2006, reaching record high volumes, and systems could not keep up, the state-owned firm said this month. “The sharply increasing trading […]

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