Australia’s securities regulator has fined the agency broker for failing to reject or report stock manipulation by a high-frequency trader that had the potential to damage market efficiency.
Tag : hft
Fresh from winning its QFII licence and new RQFII quota, HFT Investment Management's Hong Kong unit aims to profit from China's ongoing currency liberalisation.
Much-increased market volatility and a more flexible short-selling regime are combining to boost interest in high-frequency trading in Japan.
Other Asian regulators would do well to follow recent proposals made by the Australian securities watchdog, argue some market participants.
Liquidnet founder Seth Merrin says exchanges are upgrading systems to cater to high-frequency traders amid slow markets, raising the risk of glitches and potentially alienating some players.
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.
Australian regulator Asic is proposing to tighten controls over algo trading, but some say this will make HFT unviable and hurt the entire market.
Stamp duty is seen as prohibitively expensive for high-frequency traders after IMC shuts its Hong Kong trading desk and makes two-thirds of its HK staff redundant.
Buy- and sell-side executives agree high-frequency trading has become a fact of life in Asia and will permeate into fixed income.
Darren Tay, who runs the dealing desk at the Singaporean fund house, outlines some of his concerns, including market fragmentation and changing market microstructures.
HFT Investment Management and GF Asset Management are selling fixed income funds with an equity facility, but may look to other asset classes including ETFs in the next quotas.
Brokers and exchange officials see market structure and services as relatively more important than latency, suggesting post-trade arrangements are increasingly important to profitability.
