With summer approaching, it’s not only a great opportunity to take stock of where we are, but also to learn from each other. How can we best meet immediate challenges and help prepare for new business priorities that lie ahead?
Monthly Archives:: May 2010
A joint venture between KAS BANK and SunGard is delivering superior control to trading firms.
What are the main trends in the evolution of traded volumes in both equity and derivatives over the past year? This article provides the answers.
Watch the video to listen to the full session on the growth potential for ETFs in Asia.
Watch the video to listen to the full session on the rise of Asia as a Global Trading Destination.
In Japan, by 2008, the majority of trading was already through electronic channels. There is also a trend, within that flow, for more algorithmic execution and less ‘point-and-click’ DMA.
In Hong Kong around 28% of institutional flow was electronic with two-thirds of it DMA. However, this data is a more than a year and we would expect to find a greater share for algorithmic solutions today. Singapore, Korea and Taiwan show similar figures and trends: around 25% being electronic and a slow trend within that flow for more algorithmic trading at the expense of DMA.
In Hong Kong the back-office support of derivatives activity has become more complex because volumes are rising and products traded are becoming more elaborate. The capabilities of back-office organisations are being stretched and the current level of technology is not resilient enough. More ASP (application service provider) service is needed.
Index Futures and Equity Swaps (also known as CFDs) are products that give similar exposure to ETFs. While ETFs are not yet as widely used as the other two products, around a third of the larger firms are using them today with a significant increase in adoption over the last two years. Equity swaps can be used for purposes of hedging protection, access, “equitisation” and leverage; that most ETFs are useful only for access and “equitisation” may be limiting their adoption. However, in the US, ETFs are traded at fine spreads and can enable a better appreciation of transaction costs which may be attractive to asset managers.
I look forward to you joining us on Tuesday, May 25 for this timely discussion about critical industry issues and how SunGard’s Cliq fits into the mix.
I recently participated in an interview with Jessica Titlebaum, editor/producer at John J. Lothian & Company and freelance journalist. Jessica asked me some good questions about myself and my work at SunGard, in particular about Cliq.
I’ve re-posted the interview below, which you can find originally published on MarketsWiki.