Some traders at fund houses argue that Hong Kong's new requirements on the use of electronic trading and algorithms are far too burdensome.
Tag : algos
Australian regulator Asic is proposing to tighten controls over algo trading, but some say this will make HFT unviable and hurt the entire market.
Poor liquidity conditions and the growing sophistication of the buy-side in Asia are leading to changes in how orders are executed.
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.
Bangladesh, Pakistan and Sri Lanka are new markets for the UK fund manager. Meanwhile, algorithms need to adapt to new trading hours in the region, says its Asia head of trading.
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.
Zach Tuckwell has joined from Deutsche Bank to head up the US firm's Asia-Pacific electronic trading business.