One wealth industry executive questions Etrade's commitment to Asia, but others say the firm's closure in the region should not be seen as a bellwether for the online advisory model.
Today we conclude our Service Provider Awards for 2013 by announcing the winners for Asian equity trading and execution.
Amid rising cross-border investment from Asian asset managers, BNP Paribas Securities Services argues it can complement managers' existing trading desks through outsourcing.
The bank becomes the second after Citi to combine trading execution with settlement/clearing on a multi-asset class platform.
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.
Institutional investors and asset managers are increasingly using algo strategies and DMA technology in a structural shift, notes JP Morgan's Michael Green.