ASX approves Chi-X application to Trade Acceptance Service (TAS)

The ASX Group (ASX) has approved an application by Chi-X Australia Pty Ltd (Chi-X) to utilise ASX’s Trade Acceptance Service (TAS), which will enable participants to seamlessly clear and settle transactions from both ASX and Chi-X. ASX developed the TAS for potential new market operators in preparation for competition for market services inAustralia. The TAS […]

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ASIC: Company director in court on market manipulation charges

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Mr Hoong Kee Tang, a former director of Wintech Group Limited, which is in administration, has been arrested and charged with market manipulation and making false or misleading statements in documents submitted to ASIC. The charges were brought by ASIC. Mr Tang faced Melbourne Magistrates Court on Thursday, 9 June 2011 on four counts of […]

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Domestic Covered Bonds

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While Covered Bonds may offer an appealing funding option for banks and give investors alternatives, there are risks entailed, according to Tyndall’s latest research White Paper, “Are Covered Bonds the solution?” Click to open the White Paper on Domestic Covered Bonds

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Are domestic Covered Bonds the solution for banks and investors?

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While Covered Bonds may offer an appealing funding option for banks and give investors alternatives, there are risks entailed, according to Tyndall’s latest research White Paper, “Are Covered Bonds the solution?” The suggestion to introduce domestic Covered Bonds was contained in the Federal Government’s proposals for a “Competitive and Sustainable Banking System”. The Federal Government […]

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New appointment for Lonsec’s Equity Research team

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As a result of growth in demand for specialised equity research, Lonsec has added another resource to its Equity Research team. x Nicholas Yaxley joined Lonsec in March 2011 to focus on researching listed fixed interest and hybrid securities. x Nicholas previously held the position of Investment Analyst at Black Swan Capital Partners. In this role he was […]

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Defensive strategies drive allocations for Implemented Portfolios

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Implemented Portfolios’ Asset Allocation and Investment Committee (AAIC) has affirmed defensive positioning strategies for its five model portfolios as developed markets continue to show subdued growth outlooks in the committee’s 10 year growth forecast. In its first quarter update to investors, the AAIC has decided to maintain a neutral stance on Australian equities, hold an […]

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J.P. Morgan first to launch Tri-Party securities lending in Australia

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J.P. Morgan has successfully completed Australia’s first Tri-Party Securities Lending transaction acting as a third-party collateral agent for a securities lending transaction between UBS and State Street Bank and Trust. The unique transaction allows UBS to provide securities as collateral instead of cash to borrow Australian securities from State Street Bank and Trust with a […]

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INGIM wholesale poised for next stage of growth

Two BDM hires for Northern Region to complete team INGIM funds receive positive ratings from S&P and Lonsec ING Investment Management (INGIM) Australia has positioned its wholesale business for the next stage of growth, with the final two hires of this year and a four star rating for its Extended Alpha Australian Share Fund. INGIM […]

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Pre-open pricing on the ASX

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Managing an orderly market and ensuring that share prices are not able to be manipulated by participants seeking an unfair advantage over others are important functions of the Australian Securities Exchange (ASX). The arrangements for the opening and closing of markets are particularly important in this regard. Among other things, closing prices can determine margin […]

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