Agency broker ITG has been rolling out its FX transaction cost analysis product for Asia, developed with Eastspring as its primary beta client.
Tag : algo
Some traders at fund houses argue that Hong Kong's new requirements on the use of electronic trading and algorithms are far too burdensome.
Asian fund houses might need to pay fewer brokers for more sales trading amid smaller commission payments if trading volumes do not rebound.
Sebi is set to impose limits on block-crossing, but brokers and traders say it won’t be effective in preventing a flash crash and will likely hurt execution and exacerbate volatility.
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.
Bank compliance and legal counsel officers raise serious doubts over how new regulatory rules to curb rogue algo trading would be applied and who would potentially be held liable.
The executive director of the SFC's enforcement division, Mark Steward, tells a forum in Hong Kong that proposed risk-control rules on algo trading are less invasive than feared.
Hong Kong's securities regulator should give the stock exchange more responsibility for monitoring high-frequency trading, they argue.
Sebi has streamlined rules on algo connectivity, but whether this brings about improved execution in India is open to debate as smaller players oppose greater usage.
Heads of sales trading acknowledge the importance of protecting the order flow of buy-side clients and say they have been investing to generate efficiencies.