Nasdaq's president plans to step down from the exchange on Sept. 2.

In a widely anticipated move, the Nasdaq OMX Group told investors and analysts on Tuesday that Magnus Bocker would be stepping down soon as the company's president.

In a brief statement, the Nasdaq (Nasdaq: NDAQ) said that Bocker will be joining the Singapore Exchange Limited as chief executive beginning in December. His last day in his current role is expected to be Sept. 2.

"We are grateful for his valuable contributions over the last 18 months, including executing on our successful integration as well as his achievements in moving our listings and market technology business forward," said Bob Greifeld, the Nasdaq's CEO, in the statement.

Bocker was named president of Nasdaq after it merged with the OMX Group last February. He was responsible for listings, corporate services and market technology at the Nasdaq OMX Group.

His responsibilities will be assumed by

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New ETFs also start listing in Tokyo and Hong Kong as boom continues throughout Asia.

 

 

The Singapore Exchange Limited (SGX) set a record in exchange-traded funds trading volume in September, with almost $323 million, or a 4% increase over the previous record of $311.3 million set in March 2008.

Volume of 38.2 million shares in September was also 7% higher than the previous record of 35.7 million shares. The total value of ETFs traded on the SGX reached $2.2 billion through the first 9 months of the year, a 277%, or $584 million, increase over the same year 2007 period.

Similar to the domination of a handful of large ETFs in the U.S., such as SPY and QQQQ, the trading and volume increases in Singapore have been driven by a few large ETFs -- iShares MSCI India ETF, Lyxor India ETF (Nifty) and SPDR Gold Shares, no surprise in the case of the latter portfolio, as gold investments

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