Japan's two leading alternative trading systems are in talks to expand their services to Korea, where the regulator is moving to open up the market to competition.
The buy-side trading platform expects to agree at least one alliance with a traditional exchange in Asia in 2012. Singapore's bourse is a likely contender, say traders.
Alternative trading venues are living up to their billing as good execution venues for less liquid stocks, according to figures from several platform providers.
Brokers have been asked to identify transactions that have been crossed from alternative trading systems onto Hong Kong's exchange, with a view to improving data transparency.