Taiwan's stock exchange is mulling introducing algorithmic trading and wants to boost securities borrowing and lending activity. But talk of a China-Taiwan Stock Connect has receded.
They argue that incoming regulations governing the monitoring of algorithmic trading are often counterintuitive and leave them potentially liable for unforeseeable trading risks.
Liquidnet founder Seth Merrin says exchanges are upgrading systems to cater to high-frequency traders amid slow markets, raising the risk of glitches and potentially alienating some players.
Banks turning proprietary investment activities into hedge funds may not be able to trade as aggressively as they once did, says quant trading veteran Brian Brown.
The Bombay Stock Exchange expects India’s first multi-exchange algorithm will launch within two months and it is about to introduce guidelines on smart order routing.
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.
The product is being rolled out in Asia first as the bank continues to add to its electronic trading team in the region.