Of all the cases of economic espionage charged by the DOJ's National Security Division since 2012, more than 80% of them implicated China.World Politicsread more
"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.World Economyread more
Cryptocurrency fans will hope the futures contracts, which are federally regulated, can provide some much-needed legitimacy to bitcoin.Cryptocurrencyread more
Despite mixed fan and critic reactions to the final season of "Game of Thrones," the eight-season epic took home the top prize in the drama category at the Emmy Awards on...Entertainmentread more
There are alternative financial centers and investors can turn to Singapore, Tokyo or Shanghai if Hong Kong doesn't "shape up," says the founder and chairman of Citic Capital.Asia Economyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Tensions between South Korea and Japan may ultimately disrupt the high-end tech sectors, says Heenam Choi, CEO at South Korea's sovereign wealth fund.Traderead more
On Sunday, the 71st Primetime Emmy Awards honored the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
U.S. President Donald Trump's national security advisor said on Sunday that White House Asia policy adviser Matt Pottinger would become his top deputy.Politicsread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
* SIX's revenue, volumes jump thanks to Swiss-EU row
But CEO says dispute bad for market in long term
* SIX working on new trading platform using blockchain
By Josephine Mason
LONDON, Sept 5 (Reuters) - A trade dispute between Bern and Brussels has boosted revenue and volumes for Swiss stock exchange SIX, but may eventually hurt investment in Switzerland's financial markets, SIX's Chief Executive Officer Jos Dijsselhof said on Thursday.
Swiss stock volumes have soared after a ban on trading on European Union platforms forced market participants onto the domestic exchange, handing Switzerland an early victory in its protracted row with Brussels.
Investors in the EU and Switzerland lost direct access to each others' stock exchanges from July 1 as the two sides squabbled over a partnership treaty that stalled after years of talks.
Before the ban, 70% of Zurich-listed shares worth $1.2 trillion traded on the domestic market and the remainder in the EU. Now it's almost 100% in Switzerland, Dijsselhof said in an interview with Reuters.
"In the short run, I'm quite happy. I have a bit more volume and revenue. In the long run I don't think it's good," he said.
"I think for a proper investment climate, for investors to have best execution, you need to have multiple places to execute. If you don't have that in the long run, it's not good for the market."
Exchange data showed SIX's turnover in August jumped 51% year on year and 38% in July.
For Brussels, Dijsselhof said the dispute had backfired.
"The EU government thought 'we create a tool to hold Switzerland hostage so that we can push Switzerland to move forward on this framework agreement'," he said.
"And it's not worked. We now have all the volume."
There are few signs a deal over the stalled treaty will be struck this year with the EU, which is also struggling to forge a new relationship with departing member Britain.
Separately, SIX is working on a new digital trading platform - the SIX Digital Exchange (SDX) - that will use blockchain technology to speed up trading.
Dijsselhof said the exchange was working with major global banks on the best applications for the platform, with Citibank, JP Morgan Chase and Credit Suisse all allocating teams to help develop a use for it.
He expects to have worked out a prototype product by the end of the year and then to build up the market for it in 2020.
"The infrastructure will be cheaper, you won't need collateral, you won't have the credit risk, you won't need a clearing house. There are huge advantages to moving existing products on it," he said.
The banks may eventually invest in the platform, he added.
"Technically it's there. Now we need to get a market. To create a market, we need to align with customers to see where are the opportunities," Dijsselhof said.
The Swiss regulator is working closely with the exchange to create legislation on how to oversee the new platform, he said. (Reporting by Josephine Mason; Editing by Mark Potter)