The rising tide of cross-border regulation is making life difficult, argue senior traders at big fund houses, who want to see greater consistency across jurisdictions.
Tag : e-trading
Some traders at fund houses argue that Hong Kong's new requirements on the use of electronic trading and algorithms are far too burdensome.
Asian investors are increasingly using single-dealer e-trading platforms that they say offer anonymity and spread improvement, rather like dark pools for equities.
Foreign investors must have exit strategies at all times to guard against the sudden risk of market liquidity grinding to a halt, says a fund manager in Ho Chi Minh City.
The bank's Asia-Pacific joint head of equities, John Adair, argues the model of running proprietary and client equity business in parallel is unsustainable in this regulatory environment.
Hong Kong's securities regulator should give the stock exchange more responsibility for monitoring high-frequency trading, they argue.
The newly created post reflects the growing importance of transaction cost analytics to Asian fund management firms, says the agency broker.
Endre Markos joins from Bloomberg to take up the newly created role in Hong Kong.
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.
As Chi-X goes live in Japan, the alternative trading platform's Asia-Pacific chief speaks about competition, regulatory development and high-frequency trading.
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.
