The Asia-focused US fund manager wants to limit its interaction with high-frequency traders, says head trader Shane Neal.
Tag : dark pools
Institutional investors that trade multiple Asian markets using swaps and synthetics may see their block size orders getting a later priority than other investors.
Asset owners and fund houses are warned they need to act to counter Mifid II proposals that could threaten their ability to cross block trades in dark pools.
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.
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.
The bank is offering Asian users of its crossing engine its advanced order protection system to soothe fears over high-frequency and proprietary flow.
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.
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.
The newly created post reflects the growing importance of transaction cost analytics to Asian fund management firms, says the agency broker.
Singapore Exchange may be improving its technology to increase trading speeds and liquidity, but it is aware that clearing and settlement remains an issue.
Research from the US-based dark pool provider shows a marked improvement in the performance of certain brokers' algorithms, following big investments in e-trading systems in Asia.