Electronic trading association planned for HK

Talks are under way to set up an electronic trading association in Hong Kong in response to a consultation being conducted by the securities regulator with a deadline of September 24. The aim is to set up a cross-industry body that does not support vested interests, says Philip York, chief executive of hedge fund firm Alt 224, who is working on the initiative. Involved parties include exchange executives, brokers, software vendors, buy- and sell-side traders and market-makers. “…