ASX glitch hits Chi-X settlement
ASX's trade acceptance service stopped clearing and settling trades by rival
exchange Chi-X from about 10am to 12pm yesterday, preventing orders from being
Jean-Pierre Jouyet, chairman of France's market regulator, said regulatory proposals covering high-speed trading need to be stronger. "The mechanism envisaged by the [European] Commission must be expanded by giving the European Securities and Markets Authority broader powers to regulate high-frequency trading more effectively; for example, as regards platforms' pricing or tick sizes," Jouyet said. Reuters (05 Dec.)
Mitsubishi UFJ Financial Group, Japan’s biggest publicly traded bank, has paid $425 million for a 15 percent stake in AMP Capital as part of an agreement whereby the two companies will distribute each other’s products in their respective countries.