Object Trading, a provider of multi-asset trading infrastructure, says that it has been fully approved by BM&F BOVESPA in Brazil (Bolsa de Valores, Mercadorias & Futuros de São Paulo) to handle market data, order entry and pre-trade risk constraints via its direct market access (DMA) Platform for its clients and partners. BM&F BOVESPA’s revised requirements for direct connections, in lieu of order routeing partnerships, take effect today.
Buy-side firms in Brazil and internationally will continue to seek and find deep liquidity in BM&F BOVESPA’s futures and options contracts in interest rates, foreign exchange and equity index products. Further, these firms will need to keep pace with ongoing growth and innovation at the exchange. Object Trading enables international buy-sides outside of Brazil – as well as domestic - to maintain existing, or facilitate new direct market access to the BM&F BOVESPA without technology disruption.
During an official visit to China, Russia's National Settlement Depository (NSD) signed a memorandum of understanding with China Securities Depository and Clearing Corporation Limited (CSDCC), China’s central securities depository providing services to the Shanghai Stock Exchange and the Shenzhen Stock Exchange.
ZEDRA, a global independent specialist in trust, corporate and fund services, says it has appointed Wendy Sim to lead the development of its Singaporean office, which will additionally support markets in North and South Asia.
Nearly half (47%) of institutional investors expect issuance in Europe of asset-backed securities (ABSs), such as fixed income securities listed on regulated and unregulated stock markets, to rise over the next three years, according to new research by Managing Partners Group (MPG), the international asset management group.
Bravura Solutions has this morning reported the recruitment of a second ‘Software as a Service’ (SaaS) client, having been selected by Smith & Williamson Fund Administration Ltd to power its transfer agency administration.
HSBC says it has entered into a partnership with Clearstream to enable customers of the international central securities depository (ICSD) to access China’s Interbank Bond Market (CIBM). HSBC acts in the capacity of onshore bond settlement agent for Clearstream’s overseas institutional investor customers, providing trading execution, settlement and custody services in the CIBM.
Ian Banks, Head of HSBC Securities Services for Asia-Pacific, said: “A deep and liquid domestic bond market is a key stepping stone to achieving China’s ambition of making the RMB [the Chinese currency] a truly global currency. Partnering with Clearstream places us in an excellent position to help foreign institutional investors tap into opportunities in CIBM which is the third-largest fixed income market in the world with a size of approximately RMB54 trillion.”
I'm afraid China, Trump, May, The ECB, The BoW, Marmite and just about everything else is going to have to wait...
If you're reading this it means I'm doing fine after a coronary bypass operation yesterday. I'm afraid it means no more Porridge for at least a month as I recuperate and come back better than ever before!