The Singapore Exchange
(SGX) has reported a
decline across its deriva-
tives volumes in December
2016, compared to the
same month in 2015. Total
derivatives volume in De-
cember was reported at 13. 3
million contracts, down 20%
compared to the month prior
and down 8% year-on-year.
Dalton Street Capital
upgrades trading system
Dalton Street Capital in
Sydney has upgraded its
futures, equities and FX
trading through implement-
ing Flex Trade’s EMS system.
Flex Trade’s multi-asset
EMS – Flex TRADER EMS –
has been combined with its
automation services and API
interface to allow the invest-
ment management firm to
hedge its FX exposure and
manage cross-asset risk.
Cash market declines hurt
Average daily turnover of
cash markets at HKEX saw a
37% drop in 2016 compared
with the year prior. HKEX
reported a 17% decrease in
total Group revenues in 2016
with cash markets average
daily turnover declining 37%
compared to the year prior.
Buy-side block trading trend boosts
trading for Liquidnet in Asia
Liquidnet saw record trading volumes in the Asia
Pacific region as demand grows for block liquidity.
Liquidnet saw record trading volumes in 2016 in the Asia Pacific region, amid growing demand for block trades amongst its buy-side
Trading volume surged 25% in 2016 compared to the year prior, with
more than $32 billion principal traded in Asia.
Throughout the year, Liquidnet launched trading tools in the region designed to help its buy-side members improve execution and performance
during market volatility.
Targeted invitations were launched in April 2016 and allow members
to seek out additional block liquidity by sending invitations anonymously
within Liquidnet’s community.
Shortly after in June, the Next Gen Algo Suite was launched to enable
members to tap into Liquidnet’s liquidity pool, whilst sourcing liquidity
from both the lit and dark markets.
Lee Porter, head of Liquidnet in Asia, explained the focus for Liquidnet
in 2017 will be on arming traders with tools and technology to navigate
today’s challenging markets.
“As many firms in the region are retrenching, we are committed to cre-
ating new ways to help traders enhance their decision making and deliver
even more value and performance to their funds and their firms,” he said.
In February, Liquidnet hired industry veteran Dan Squires as a sales
director in Europe, focusing on hedge funds.
The hire signals Liquidnet’s intentions to provide hedge funds with best
execution and large-in-scale waiver compliance ahead of MiFID II.
HEAD OF APAC
AT LIQUIDNE T