New broker on the block

A global agency broker which is a wholly-owned subsidiary of Nomura Holdings yesterday announced it had secured full membership on the Australian Securities Exchange.

Instinet is now able to offer its global execution services – including its alternative trading platforms, global algorithms and execution management systems – to Australian trading and investment institutions. Until yesterday, Instinet had been unable to service Australian fund managers’ domestic trading and portfolio management requirements directly, as it was not a member of the ASX. It had given its offshore clients access to the Australian market through various broker/dealer partners, and will continue to allow Australian institutions access to 60 international markets.

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Geopolitical risks rewire asset allocation ‘operating system’: GIC

Some investors are “missing the point” of geopolitical risks by equating them to the disruptions from conflicts and wars, according to GIC chief economist Prakash Kannan, but in reality, geopolitical risk is no longer episodic or peripheral. This means investors need to think harder about inflation and country composition in their portfolio.

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