Monthly Archives: June 2012

Rising Expectations, Diminishing Returns: The Closure of chi-east

Even though it was unfortunate that chi-east folded, market participants in Asia were not surprised at its demise. Most would agree that the concept of a multi-regional dark pool with cost efficiencies such as central clearing made a lot of sense. In practice, this is difficult to achieve in a…

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Creating a More Flexible Landscape: Market Developments in Japan

If you take a look at the trend in market share for alternative venues operating in Japan, growth has been relatively flat in the last six months.  Apart from a spike in trading turnover on SBI Japannext in May, Chi-X and SBI Japannext continue to share approximately 5% of the…

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Taking It Step By Step: Developments at the Monetary Authority of Singapore on OTC Derivative Reform

Last month, the Monetary Authority of Singapore (MAS) released their response to feedback following a consultation period with market participants on the regulation of over-the-counter (OTC) derivatives. This paper followed their proposal that was released in February. The response marks another step towards finalizing the changes needed to the Securities…

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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 that focuses on retraining and replacement of older workers after protracted unemployment. Originally from Canada, Donna holds a bachelor degree in Economics from the University of Western Ontario.