The Malaysia and Singapore bourses recognise they are lagging peers in North Asia in respect of exchange-traded funds – and are keen to catch up.
Philip York, CEO of trading firm Alt 224, points to a number of changes that need to happen in Hong Kong, for example, to help the buy-side.
New capital requirements, sustained low interest rates and falling commissions from derivatives trading have compelled the agency brokerage to readjust.
Exchanges and governments are largely to blame, with Hong Kong a particular culprit and a profit margin that leaves Apple in the dust.
Stock exchanges in China, Korea and Taiwan are out in front in terms of formatting and disseminating company filings quickly to investors, says Wendy De Cruz of Dow Jones.
The CEO of the Philippine Stock Exchange says the bourse is working closely with the securities regulator and seeing significant progress on various market developments.