Category Archives: Exchange News

CollegeHill Asia Paves the Way for WFE Meeting Success in Taipei

Balmoral Advisory’s public relations partner, College Hill, has continued to support the international media relations of the global exchange industry. In October, its Hong Kong-based team worked closely with industry body World Federation of Exchanges to support the 52nd General Assembly and Annual Meeting in Taipei, Taiwan. With 2012 being…

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Ready SET Go!: A Strong Start for the Thai Stock Exchange

As I reviewed the Thai Stock Exchange (SET) 2011 Annual Report on-line, the first words that caught my attention were “Driving to Success”. These three words encapsulate a view that I have developed regarding the SET over the last year. Although the Exchange has faced overseas economic challenges, a flood…

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Strengthening Competition Through Co-operation: The Pan-Sino Peninsula Market

Few would have missed the conclusion of the latest merger attempt that saw the Hong Kong Exchange and Clearing (HKEx) gain shareholder approval of its £1.3billion bid for the London Metals Exchange (LME). However, what may have slipped your radar was the recent announcement of a joint venture between the…

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Timing and Momentum are Everything: Launching the ASEAN Link

In April 2011, there was a formal announcement of the ASEAN link, a collaboration among seven ASEAN countries who are committed to promoting the ASEAN region through freer flow of capital and greater harmonization of their equity markets. Sungard was later named as their technology partner. The intention behind the…

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Something to Talk About: A Much Needed Boost: Positive Product Development in April

Right now, it feels like the global market place is knee deep in regulation but for emerging markets, regulation is nothing new. Many smaller markets will ‘protect’ their local market by using regulation and trading restrictions to quell outside interest until their domestic market matures. In fact, some of the…

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Finding the Missing Link: HKEx Announces Details of Technology Upgrades

The Hong Kong Stock Exchange (HKEx) released a spate of news in March that showed signs that they are getting their “house in order” with a combination of humility and boldness. Earlier this month, HKEx announced the results of its industry consultation and review of clearinghouse risk management procedures. Refreshingly,…

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Singing Its Own Tune: Singapore’s Proposed OTC Derivative Reform

In February, the Monetary Authority of Singapore released their consultation paper on over-the-counter (OTC) derivative reform. At first glance, the proposed reform may appear soft and flexible compared to the hard and rigid structures taking shape in the West. However, when you consider their proposal in the context of the…

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Korea Update: Risks of a Return to The Hermit Kingdom for Derivatives?

This month, we have a special contribution from Chris Price, MD of AsiaEx Consulting. AsiaEx Consulting is a specialist consultancy committed to providing expert, practical and independent advice on the complex and fluid world of market structure in Asia. Chris writes about the proposed regulatory reforms in Korea and the…

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Balmoral Advisory’s Vision for 2012

Balmoral Insight–As the market and regulatory landscape takes shape in 2012, Balmoral Advisory’s monthly newsletter will offer you their informative insights and thoughtful perspectives on the most newsworthy events of the previous month. For January, our top stories are: The Year of The Dragon: China Breathes Fire into their Capital…

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Who Ends Up Paying for Competition? – It is a Vicious Circle

Brokers in Australia got an early Christmas present from the Australian Securities Investment Commission (ASIC) when they received an invoice for a new financial levy that will be introduced in Australia to pay for the costs of moving market supervision from The Australian Stock Exchange to ASIC. The calculation is…

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The Year of the Dragon: China Breathes Fire into their Capital Markets

China burst into the New Year by introducing new reforms that will further liberalize their capital markets. Among the highlights was the introduction of a new initiative, the Centralized Securities Lending Exchange (CSLE) that will facilitate short selling by lending shares to qualified domestic fund managers for a fee. It…

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About The Author

Donna Bales
is a product development professional with a proven track record of managing complex capital market industry initiatives during times of significant market change and market structure reform. Donna is the founder and managing director of Balmoral Advisory, a boutique advisory firm that works with exchanges, regulators, technology firms, market participants and market data vendors to identify and evaluate business opportunities, understand and respond to changing industry/market dynamics and develop and implement strategies and solutions that make sense now and in the future. In addition she acts as a strategic advisor to an international consultancy firm, CollegeHill Asia and sits on the Board of 3Q Innovation, a non-profit focused on retaining and replacement of older workers who face protracted unemployment. Originally from Canada, Donna holds a bachelor degree in Economics from the University of Western Ontario.