Bad brokerages culled; new products coming The three-year overhaul of China’s securities industry, including better risk management measures, share ownership reforms, and the introduction of new products, will be completed in August, according to regulators. A moratorium on new investments by foreign brokerage companies, put in place while the changes were being made, could be […]
FRANCES WANG
Posts by Frances Wang:
Asia Comes Around to Algorithms
No one yet claims that Asia is close to being on a par with North America or Europe when it comes to algorithmic trading and direct-market access. But the growth of hedge fund investments in the region, the technological sophistication and electronic accessibility of markets and the presence of big international players have brokers racing […]
Recall update: the scene from China
With the US FDA, China works to address ingredient contamination In early May the Chinese government arrested two people involved in the melamine and cyanuric acid contamination of petfood ingredients exported to the US and stepped up enforcement activities. In addition, the Chinese government worked with experts from the US Food and Drug Administration (FDA) […]
China Open to NYSE, Nasdaq
After months of waiting, Nasdaq Stock Market and NYSE Euronext will be allowed to open official representative offices in China this summer. The two exchanges had applied for permission late last year, but government approval was held up pending regulations that the China Securities Regulatory Commission finally issued on May 20. According to the rules, […]
Buy-Side-Driven Trading Takes Hold in Hong Kong
Hong Kong is a major international financial center and a regional hub for institutional buy-side firms. Their presence in Asia, coupled with the growth of hedging strategies, has led to an increase in algorithmic trading in the region. Gabe Butler, Hong Kong-based director of sales and trading for New York agency brokerage Investment Technology Group […]
China targets its domestic markets
Exports continue to rise, but China’s largest upholstery manufacturers also are concentrating on booming business at home. This sofa sleeper from Yuexing Group combines comfort with a sleek contemporary style. The company is one of China’s best-known furniture manufacturers, but it doesn’t have a recognizable brand name overseas. Yuexing Group has one of the biggest […]
SunGard Buys Chinese Trading Systems Supplier Fudan Kingstar
In a sign that the maturing of the Chinese financial markets is creating new opportunities for Western technology suppliers, SunGard Data Systems of Wayne, Pa. has acquired Shanghai-based Fudan Kingstar Computer Co. SunGard, which did not disclose the purchase price, said Kingstar’s management team would remain in place. The financial technology giant described Kingstar as […]
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