Poor liquidity conditions and the growing sophistication of the buy-side in Asia are leading to changes in how orders are executed.
Tag : algorithms
Trading algorithms are already widely used for equities in Asia, but foreign exchange algos are now gaining some traction.
Asia-Pacific stocks have seen sudden sharp price drops during the recent turmoil due to inappropriate use of trading algorithms, says John Tompkins of Senrigan Capital.
The newly created post reflects the growing importance of transaction cost analytics to Asian fund management firms, says the agency broker.
Research from the US-based dark pool provider shows a marked improvement in the performance of certain brokers' algorithms, following big investments in e-trading systems in Asia.
Takayuki Saito adds to the US bank's list of big hires in electronic trading, with a remit to expand the business under the Morgan Stanley MUFG Securities joint venture.
The product is being rolled out in Asia first as the bank continues to add to its electronic trading team in the region.
Posit Marketplace could make a big dent in local trading costs for the buy side if it follows the example in the US.
ITG maps equity trading across the region and finds liquidity is making a real, if uneven, recovery.
Lehman Brothers algorithms re-appear in a Nomura wrapper.
As more hedge funds and institutions use algorithmic trading strategies, choice is becoming as much a challenge as a boon.