U.S.-based Tora launched its Crosspoint dark pool service in Japan in February 2010 and says it provides traders with access to more than 5% of the orders passing through the Tokyo Stock Exchange.
“Chi-East will begin with Singapore, Hong Kong and Japanese shares before moving to other Asian markets such as Australia,” a Chi-East spokeswoman said.
Taking a dip in indoor chlorinated pools may induce genotoxicity (DNA damage that may lead to cancer) as well as respiratory problems, revealed a study. However, the authors of the study claimed that the positive health effects of swimming could be maintained by reducing pool levels of the chemicals behind these potential health risks. The [...]
Citigroup Inc., the third-biggest US bank, says it will start so-called dark pool electronic trading in Singapore early next year to meet growing demand in Asia.
The bank is expanding its regional footprint after its off- exchange trading in Australia increased to a record A$1.5 billion ($1.3 billion) in June from about A$700 million ($849 million) to A$800 million a year earlier, said Paul Sanger, Citigroup’s Asia-Pacific head of execution services. He declined to comment on when the Singapore platform would start operating.
Citigroup Inc., the third-biggest US bank, says it will start so-called dark pool electronic trading in Singapore early next year to meet growing demand in Asia.
The bank is expanding its regional footprint after its off-exchange trading in Australia increased to a record A$1.5 billion ($1.8 billion) in June from about A$700 million to A$800 million a year earlier, said Paul Sanger, Citigroup’s Asia-Pacific head of execution services.
“We’ve doubled volumes in Australia in a very quiet month,” Sanger said in a telephone interview. “That’s very encouraging. We’re hoping the rest of the markets will similarly grow.”
Dark pools are trading venues that don’t display quotes publicly, helping investors minimise price fluctuations and save costs. The growth of such networks in Asia has lagged behind the US and Europe because regulators in Asia have been slow to accept the systems, John Feng, New York-based managing director of research company Greenwich Associates, said on March 9.
The portion of trades handled off public exchanges in the Asia-Pacific region is forecast to rise to 3% of transactions within three years from 1% last year, Feng said. By contrast, trades through dark pools last year in the US accounted for 10% of the total, and 4% in Europe, he estimates.
‘Very Protective’
“It’s highly unlikely we’re going to see a big change in the regulatory environment in Asia in the near future,” Sanger said. “Most of the countries in Asia are still understandably very protective of their primary exchanges.”
Ronald Arculli, chairman of Hong Kong Exchanges & Clearing, has criticised dark pools for their lack of transparency. Financial markets face a “systemic risk” because of the lack of transparency, Arculli said on Dec. 9. The exchange said on Dec. 11 it’s not considering establishing its own dark pool.
Besides Australia, Citigroup also operates a dark pool in Hong Kong and started offering the service in Japan in June, Sanger said.
Off-exchange trading platforms will need a few years before they “take off” in Asia, Magnus Bocker, chief executive officer of Singapore Exchange, said on April 16. The establishment of dark pools must be done in “parallel to other developments” for it to be successful, he said.
Bocker said his exchange is working to improve liquidity in the derivatives markets, increase the efficiency of its securities borrowing and lending system, plus broaden distribution networks by attracting more traders.
Global Platforms
Chi-East, a pan-Asian dark pool joint venture between Singapore Exchange and Chi-X Global Inc., is due to start operations this year.
The platform chose LCH.Clearnet Group, Europe’s largest clearing house, to process trades in Hong Kong, Japanese and Australian securities, LCH said on Nov 18. Trades in Singapore equities will be cleared by the city’s bourse.
Exchanges worldwide have been building new platforms in response to competition from alternative trading systems. Since starting in May 2009, London Stock Exchange Group Plc Chief Executive Officer Xavier Rolet has been trying to diversify the bourse’s business and stem its loss of market share to multilateral trading facilities such as Bats Europe and Chi-X Europe Ltd.
The LSE completed the merger of its Baikal dark pool unit with Turquoise in February, creating a new pan-European trading venture. The Tokyo Stock Exchange introduced a faster trading system in January amid growing competition. The Singapore Exchange said in June it will roll out a new system next year that will become the world’s fastest trading engine.
Indonesian Trading
Citigroup provides electronic trading platforms to its clients in more than 30 markets globally, according to Ben Valentine, head of electronic execution sales trading. In Asia, such services are available to clients in Australia, Hong Kong, India, Japan, Malaysia, South Korea, New Zealand, Singapore and Taiwan, he said.
Electronic services will also be offered to clients in Indonesia this quarter, said Ian Smith, head of electronic execution products for Asia Pacific at Citigroup. Smith joined the bank this month from Credit Suisse Group AG, where he was head of execution services for the past 10 years.
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Prolific Player: After a roller-coaster decade for Ronaldo de Assis Moreira of Brazil, Ronaldinho, as he is better known, has emerged as the best player of the first 10 years of the 21st century. One of a handful of players to win both the World Cup – he played a vital role as Brazil landed
Palm Beach billionaire and philanthropist Jeffry Picower, described as the biggest beneficiary of Bernard Madoff’s fraud, died on Sunday after he was found lying at the bottom of the pool at his home, police said. Police were investigating the death of the 67-year-old investor as a
French officials say a Muslim woman wearing a head-to-toe swimsuit has been denied access to a public swimming pool in a town southeast of Paris. Emerainville Mayor Alain Kelyor said Wednesday that the 35-year-old woman was not allowed to swim in the pool wearing a so-called ‘â€burquiniâ€
SAN DIEGO — Gov. Arnold Schwarzenegger cast a lifeline Monday to a colony of federally protected harbor seals that spend their days lounging around a popular San Diego cove and have become the subject a lengthy legal tussle over their fa…
General Sir Richard Dannatt says success in Helmand can only be achieved with more British, US or Afghan troops
The head of the British army said that more coalition troops were needed in the Afghan province of Helmand to provide the security for its people to go back to their ordinary lives.
General Sir Richard Dannatt said that “more boots on the ground” were key to success in Helmand, though he stressed that it did not matter whether they belonged to British, American or Afghan troops.
Dannatt, paying his last visit to Afghanistan before retiring later this month, also said he would like to see “more energy” put into speeding up the provision of equipment to UK troops.
He was transported around Afghanistan by a US Black Hawk helicopter from a pool of resources shared by British and American forces, and said it was important that the UK was able to put as much into that pool as it took out.
“I have said before, we can have effect where we have boots on the ground. I don’t mind whether the feet in those boots are British, American or Afghan, but we need more to have the persistent effect to give the people [of Helmand] confidence in us,” Dannatt told BBC Radio 4′s Today programme.
In the town of Sangin, the scene of fighting between British troops and the Taliban over recent years, control had been imposed to such an extent that local people were willing to bring their goods to what is now a bustling market, he said. That could only be maintained by a security presence on the ground.
Asked whether Britain’s 9,100-strong force in Afghanistan has the equipment it needs, Dannatt said: “We have got a plan to increase the amount of campaign equipment we have got. It has probably not moved as fast as I would have liked it to have moved, but we are increasing the numbers.
“I would like to get more energy behind it if we possibly can.”
Noting that he was being transported in a US helicopter, Dannatt said: “There is a pool and we share the assets, but we have got to put as much into the pool as we take out.
“We are reworking a number of Chinook helicopters – eight – which will come on line soon, and a number of Merlins that were previously in Iraq … Air mobility is a key enabler and I know the commanders need a lot of that.”
After 15 British deaths so far this month in Afghanistan, Dannatt said it was “a sad fact and part of reality” that casualties would occur during operations to tackle the Taliban insurgency.
“Of course, we do the absolute maximum we can to protect our people and give them as good equipment as we can, but we are pushing to increase our influence and increase the number of people who are exposed to our influence,” he said. “When we push, inevitably there is a possibility of taking casualties.”
Free Summer Shows In Brooklyn Throughout Summer
 Dan Deacon |
Back for its fourth year, the Jelly Pool Parties have announced a remarkable summer lineup that includes some of this year’s hottest touring acts – all presented to the general public for free. Relocating to East River State Park on the Williamsburg Waterfront, this year’s pool parties promise to be amazing shows for those lucky enough to be living in the vicinity of the NYC boroughs.
The shows continue every Sunday throughout August 30 complete with on-site dodge ball, three-on-three basketball – in addition to stellar musical performances. Once again, all for free.
The August 2 show will undoubtedly be one of the best performances as Dan Deacon, No Age and Deerhunter play a round robin set that’s sure to be a performance for the books. Simian Mobile Disco‘s set on August 9 should also be a great show, as should Girl Talk and Grizzly Bear on August 23 and 30, respectively. Did we mention this is free!?!?!
Full Lineup Below.
JELLY Pool Parties 2009
July 19
Dirty Projectors
Magnolia Electric Co.
White Denim
July 26
And You Will Know Us by the Trail of Dead
The Black Lips
Health
Grupo Fantasma
August 2
Round Robin show w/ Deerhunter, No Age and Dan Deacon
August 9
Simian Mobile Disco (DJ set)
Fiery Furnaces
Dark Meat
The Netherlands
August 16
Del tha Funky Homosapien
Gravytrain!!!
DD/MM/YYYY
Kenan Bell
August 23
Girl Talk
Max Tundra
Wiz Khalifa
August 30
Grizzly Bear
Beach House
Disclaimer: Any and all underage drinking at The Pool Parties will result in prompt eviction from the premises and not being allowed to return for the duration of the series.
In an attempt to help set a record, 317 people got naked and splashed in a giant swimming pool over the weekend at White Tail Resort.
The people at the nudist resort in Southampton County were part of what’s billed as “The Largest Skinny Dip …
A British schoolboy has died while on holiday in Thailand, after he was reportedly sucked into a swimming pool pumping system.
It is thought the 14-year-old was trying to retrieve his goggles from a vent at the bottom of the pool.
He is believed to have been with his father, brother, stepbrother and stepmother in the resort of Pattaya.
A Foreign Office spokeswoman confirmed a teenager had died and said consular assistance was being offered.
The incident reportedly occurred on Friday at a water park in the resort, which is 85 miles (137km) from the Thai capital Bangkok.
The boy is believed to have lifted up a grate to try to retrieve his goggles but was swept into the pool’s pumping system.
His family raised the alarm but his body was found a short while later.
The Foreign Office said: "Our consular people in Thailand are giving assistance at this tragic time for the family."</p
This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.
I think this is a moment in social history that scholars and critics will be analyzing long into the future. There’s a lot of matrimania…
