New capital requirements, sustained low interest rates and falling commissions from derivatives trading have compelled the agency brokerage to readjust.
Quant giants Winton and AHL are making inroads into China, where onshore CTA managers are already trading commodity futures on the mainland and abroad.
Hong Kong's securities regulator should give the stock exchange more responsibility for monitoring high-frequency trading, they argue.
More hedge fund strategies based on high-frequency trading are preparing to launch in the region, says Rebekah Pang of Newedge.
Alastair Sclater, ex-Singapore prime brokerage head for UBS and Mizuho, will oversee regional equity mandates.
Rebekah Pang takes over as cap-intro head as 10-year Newedge veteran Kirby Daley exits for a buy-side role.