Weekly Asia News (Friday)

Rakuten Securities has joined Singapore Exchange (SGX) as a trading member of its derivatives market. »

Singapore-based Armstrong Asset Management has appointed Yasushi Ujioka as investment director. »

Azentus Capital Management Ltd, led by former Goldman Sachs proprietary trader Morgan Sze, returned 8 per cent before fees this year through to 22 April, according to a person with knowledge of the matter. »

Prices of depositary receipts (DRs) for Asian technology companies led gains in the first quarter as DR trading rose more than 10 per cent over the end of 2012, according to the BNY Mellon Classic ADR Index Series. »

The Depository Trust & Clearing Corporation (DTCC) has appointed Peter Tierney as regional head of Asia, DTCC Deriv/SERV. »

Montello Income Fund is now approved for Distribution with the Monetary Authority of Singapore.&nb »

Northern Trust is expanding its fund administration and custody capabilities to support locally domiciled Hong Kong funds, including exchange-traded funds, as well as other regional investment funds. »

Robert Lance has joined Ascalon Capital Managers as Head of Ascalon in Australia with responsibility to lead and manage its Australian operations.    »

Singapore Exchange (SGX) and China Financial Futures Exchange (CFFEX) have signed a memorandum of understanding to cooperate in the development of the derivatives markets in China and Singapore.  »

Singapore Exchange has investigated today’s delayed opening of the derivatives market and confirmed that it was not related either to market volumes or changes to the system. »