Monthly Archives: May 2012

China Galaxy Securities Boosts Hong Kong Team

Financial News – By Tom Osborn – May 31, 2012 China Galaxy Securities, Beijing’s largest brokerage firm, has gone on a hiring spree for futures traders at its derivatives desk in Hong Kong, as China continues to relax rules allowing … Continue reading

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Broker Fees for U.S. Stock Trading Fell to Lowest Since 2006

Bloomberg Businessweek – By Nina Mehta                    May 31, 2012 U.S. securities firms received the lowest commissions from equities trading since 2006 amid a fifth straight year of outflows from stock funds and the worst returns during the bull market that … Continue reading

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Hong Kong Shares Post Worst May Loss In 14 years, China Weak

Reuters – By Clement Tan and Vikram Subhedar – May 31, 2012 HONG KONG, May 31 (Reuters) – Hong Kong shares ended their worst May in 14 years with a whimper on Thursday, as an escalating euro zone crisis and … Continue reading

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Exchanges Propose Adjustments to U.S. Trading-Curb System

Bloomberg News – By Nina Mehta       May 31, 2012 U.S. stock exchanges proposed changes to trading curbs meant to safeguard equity markets, revising an April 2011 proposal for a system that would prevent trades at prices outside a certain band. … Continue reading

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Germany Plans New High-Frequency Trader Rule, Handelsblatt Says

Bloomberg News – By Niklas Magnusson – May 31, 2012 Germany’s government will propose that all high-frequency traders, including those trading for their own account, will be classified as financial services and securities services firms and therefore must be registered … Continue reading

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NYSE Euronext Liffe Chief Jones to Leave After Five Years

Bloomberg News – By Nandini Sukumar May 30, 2012 Garry Jones, head of global derivatives at NYSE Euronext (NYX) and chief executive officer of Liffe, is leaving the exchange after five years. Jones, based in London, joined the company in … Continue reading

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HSBC Approved As Market Maker For Yuan-Yen Direct Trading

Dow Jones – May 30, 2012 SHANGHAI (Dow Jones)–HSBC Bank (China) Co. has received the Chinese central bank’s approval to be a market maker for direct trading between the Chinese yuan and the Japanese yen in China’s interbank market, the … Continue reading

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China Eyes Launch of Crude Futures Within the Year: SHFE

Reuters – May 28, 2012 (Reuters) – China aims to launch crude oil futures within the year and allow them to be traded by foreign investors as the country speeds the opening of its commodities futures market to overseas players, … Continue reading

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Tradition Plans Forex Exchange Ahead of New Rules

Reuters – By Luke Jeffs – May 30, 2012 (Reuters) – Tradition, the inter-dealer broker, plans to build a foreign exchange trading platform with five major banks to prepare for new rules designed to make the $4 trillion a day … Continue reading

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Canadian Funds Turn to the Robots For Trading

The Globe and Mail – By Boyd Erman – May 29, 2012 Canadian money managers have long been slow adopters of electronic, algorithmic trading, preferring to deal with traders in the more old-fashioned way. But as returns slump, leading to … Continue reading

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