Instinet and JP Morgan sign liquidity agreement in Asia
Glenn Lesko, Instinet’s Asia CEO, expects to see more dark pools set up in Asia – by large regional banks, among others – and hence more tie-ups such as this one.
Instinet, an agency broker and trading platform provider, has struck a reciprocal liquidity agreement between its Asia-Pacific broker-dealer units and JP Morgan, reflecting a growing trend towards such tie-ups.
The aim of the deal is to broaden the Asian liquidity available to each firm’s institutional clients. It is also the latest step in Instinet’s effort to connect to all “meaningful” pools of liquidity in the region, says Joel Hurewitz, the firm’s Asia head of product strateg…
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.
¬ Haymarket Media Limited. All rights reserved.