Alternative trading venues will take off this year in Japan, says Instinet
But Hong Kong still lacks competition in this arena, and Asia has some way to go on best execution, says Glenn Lesko, the agency broker's chief executive.
Alternative trading venues should start to gain decent traction once they can settle and clear through Japan Securities Clearing Corporation (JSCC), says Glenn Lesko, Asia chief executive at agency broker and e-trading platform provider Instinet in Hong Kong.
ATVs -- or proprietary trading venues (PTSs), as they're known in Japan -- haven't so far flourished in Japan as they have elsewhere, both as a result of the inability to clear through the JSCC and because the PTS licence doesn't…
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