Fidessa group has added connectivity to Instinet’s KoreaCross, the Korean market’s first securities crossing network. KoreaCross, which launched in April, provides institutional investors with an anonymous, neutral and zero market impact platform for the pre-market trading of Korean equities. The service is owned and operated by global agency broker Instinet, with Korean investment bank Samsung Securities acting as the local broker sponsor and providing clearing and settlement services, as well as domestic order flow. Fidessa already provides access to several of Instinet’s alternative trading systems around the world – including Chi-X in Europe and Canada, JapanCrossing and CBX Japan – through the Fidessa trading platform, Fidessa LatentZero EMS Workstation and Fidessa LatentZero Minerva buy-side OEMS.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.