One of the greatest concerns of the most current recession was the lack of jobs. Pundits have commented on the jobless nature of the recent recovery. Republicans have decried democrats over taxing the job creators. And until recently, the unemployment rate has remained stubbornly above 9 percent. What if Tag 30 could put the unemployed back to work? Read more»
This blog post was originally published by the Financial Times.
It is impossible to discuss the financial markets of central and eastern Europe without highlighting the accomplishments of the Warsaw Stock Exchange. The recent adrenaline rush among the CEE’s other exchanges, desperate to transform themselves into serious players, can only be understood in the context of the WSE’s success in positioning itself as a regional champion. Read more»
When was the last time a significant exchange merger came to fruition? Over the past year, all we’ve seen is the dissolution or outright rejection of prominent merger plans by regulatory bodies. The Australian government effectively denied a proposal to merge the Australian Securities Exchange and Singapore Exchange. Plans for the Toronto Stock Exchange (TSX) to unite with the London Stock Exchange (LSE) were scuttled when nationalistic feeling seemingly dissuaded the necessary two-thirds of voters from approving the deal. The most noteworthy by far – the highly anticipated cross-Atlantic “super-merger” between the New York Stock Exchange (NYSE) and Deutsche Börse – reached its own end when European regulators raised significant objections to the merged entity’s likely stranglehold on derivatives market share in Europe. Read more»
This blog post originally appeared on TabbFORUM.
The trading landscape in Asia Pacific is becoming more fragmented and regulated. Competition in Asia Pacific will increase, both among Western peers or within the region, as firms bid to provide the highest quality services to clients without incurring unnecessary costs. These forces are shaping the market landscape, as are the following 10 trends, which I have grouped under the themes of transparency, efficiency and networks: Read more»
This blog post originally appeared on AsiaEtrading.
Trading in Hong Kong remains a challenging endeavor for global investors. As authorities work to eradicate insider trading, Hong Kong has served as an informal test case for exploring how far the free market ethos can go before it begins to scare off investors. Read more»
Interested parties have now had time to digest the European Commission’s October MiFID 2/MiFIR proposals, and major questions have been raised by a wide range of people. Looking briefly at the main areas of debate: Read more»
Is it too great a leap to think that a Pan-Latin American regional exchange is now clearly in sight?
Unifying small- and medium-sized exchanges to attract and better serve investors has been tried before, and has proved successful. Euronext, originally combining the stock exchanges of Amsterdam, Brussels, Lisbon and Paris and later merging with NYSE, is a good example; so is the CEE Stock Exchange Group (CEESEG), which ties together the exchanges of Budapest, Ljubljana, Prague, and Vienna to serve Central and Eastern European economies. Might something similar be in prospect for Latin America?
The landscape of the Australian equities market is changing fundamentally but it will probably be another year before the new geography becomes clear.
Although granted a licence in March 2010, it wasn’t until October 31st this year that Chi-X went live in Australia and the ASX (Australian Securities Exchange) had to face its first real competition. Much was made of Chi-X’s fast start, grabbing a 2% share of the market in less than a month, but the ASX hadn’t been sitting back just waiting for the new kid on the block to turn up; it had been making some plans of its own. Read more»
The race to ever more sophisticated electronic & automated trading is on. Algorithmic trading is a global phenomenon, but the subject is complex and there are major variations of market maturity between different parts of the world. That is why SunGard Global Trading has published a white paper – ‘Algorithmic trading: a complex map’ – that explores three key aspects of the subject: Read more»
Beyond mature markets, investors and trading firms looking for opportunities should keep in mind the potential an emerging market offers. By that benchmark, then, Colombia, Peru, Chile and Argentina should be high on peoples’ shopping lists as these countries have come a long way in improving their infrastructures and thus their links—both electronically and culturally—to the global investment community. Read more»