Exchanges and governments are largely to blame, with Hong Kong a particular culprit and a profit margin that leaves Apple in the dust.
Australia's move to charge HFT participants based on the number of messages they send to the exchange is self-defeating, but may be copied, warns Deutsche Bank.
The head of Hong Kong’s securities regulator says it is processing dark pool applications again after a hiatus amid concerns about retail investor protection.
An upgrade and new data centre for hosting services may spark interest in algorithmic trading strategies on Hong Kong stocks, as latency is reduced to below two milliseconds.
The advent of electronic trading has thrown commission arrangements into disarray.
Buy- and sell-side executives agree high-frequency trading has become a fact of life in Asia and will permeate into fixed income.
Glenn Lesko, Instinet’s Asia CEO, expects to see more dark pools set up in Asia – by large regional banks, among others – and hence more tie-ups such as this one.
Trading algorithms are already widely used for equities in Asia, but foreign exchange algos are now gaining some traction.
The two firms topped AsianInvestor’s survey of buy-side traders across the electronic space.
Alternative trading venues are living up to their billing as good execution venues for less liquid stocks, according to figures from several platform providers.
The firm, an electronic-trading powerhouse in Asia, is not replacing David Klinger.
The bank is offering Asian users of its crossing engine its advanced order protection system to soothe fears over high-frequency and proprietary flow.
Richard Coulstock of Prudential AM predicts strong growth in electronic trading in Asia, with buy-side dealers taking greater control of their own trade execution.
Instinet outlines its global expectations for 2011 and suggests that the lack of a pan-regional overhaul in Asia makes structural change unlikely.
The research brokerage finds higher commission rates often result in poorer execution performance, and urges buy-side firms to improve their understanding of trading costs.
Joint-access agreements proliferate in a bid to address fragmentation and improve turnover among alternative trading venues.
Jan Shun Yet has joined alongside other sales trading hires, as buy-side demand grows for combining e-trading services with traditional advice and execution.
Takayuki Saito adds to the US bank's list of big hires in electronic trading, with a remit to expand the business under the Morgan Stanley MUFG Securities joint venture.
Credit Suisse rolls out its AES Velocity platform in the Lion City, with Australia next on the agenda.
After Michael Kim has helped establish the bank's platform in Japan, he will move to Hong Kong later this year to work on the set-up there.