Trading platform sees no demand for Asian equities
Liquidnet prepares to open an office in Singapore at a time when investors using its electronic trading platform remain focused on selling rather than buying.
Money managers and institutions appear to be using brief rallies in Asian equities to offload assets, and there is no sign they see value in the markets, or are in a position to take advantage of any perceived value.ThatÆs the grim assessment of Liquidnet managing director, David Klinger, who is overseeing the opening of the firmÆs fourth regional office, in Singapore.He says trading in the past eight weeks has been marked by declining average order sizes, as stock values fall, and a …
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