Following recent steps by Australia and Singapore towards allowing electronic trading platforms, a bigger choice of trading venues looks inevitable in the Asia-Pacific region -- although it won't happen overnight.
A decision by Australia to allow e-trading venues to set up alongside exchanges should encourage competition in the rest of the Asia-Pacific region, says Seth Merrin, London-based chief executive of trading platform provider Liquidnet.
Australia is reviewing three applications for market licences, including one from Liquidnet. The government says a decision on ...