Some traders at fund houses argue that Hong Kong's new requirements on the use of electronic trading and algorithms are far too burdensome.
The e-Trading Association believes that safeguards against erroneous orders are best implemented at the exchange level. It comes after the SFC imposes the onus on brokers.
Asian fund houses might need to pay fewer brokers for more sales trading amid smaller commission payments if trading volumes do not rebound.
Sebi has streamlined rules on algo connectivity, but whether this brings about improved execution in India is open to debate as smaller players oppose greater usage.
Institutional investors and asset managers are increasingly using algo strategies and DMA technology in a structural shift, notes JP Morgan's Michael Green.
Zach Tuckwell has joined from Deutsche Bank to head up the US firm's Asia-Pacific electronic trading business.