Agency broker ITG has been rolling out its FX transaction cost analysis product for Asia, developed with Eastspring as its primary beta client.
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Contrary to comments by the ASX chief, industry players say dark pool trading has not grown at the expense of lit-market volume, nor does it distort prices.
A proposed exemption on users of proprietary trading systems (PTS) from a mandatory takeover rule is expected to drive market fragmentation.
Asia buy-side traders are moving away from volume-weighted average price as an algo benchmark to better align interests with portfolio managers.
The agency broker has extended the crossing system, which alerts buy-side firms to uncommitted orders on their peers’ trade blotters, to Asia’s equity markets.
Alternative trading venues are living up to their billing as good execution venues for less liquid stocks, according to figures from several platform providers.
Agency brokers are reporting record volumes as volatility drives bid-offer spreads wider and buy-side institutions look to sell large blocks of shares and save on costs.
Asian traders are awaiting the introduction of Australia’s first alternative trading venue in the fourth quarter of this year. Industry support for it is strong, so what should we expect?
Trading platforms are holding up so far, despite a huge sell-off-induced spike in volumes across stocks and stock futures, says agency broker ITG.
The research brokerage finds higher commission rates often result in poorer execution performance, and urges buy-side firms to improve their understanding of trading costs.
The newly created post reflects the growing importance of transaction cost analytics to Asian fund management firms, says the agency broker.
Several Asian markets hit their lowest daily turnover for 12 months last month, with Japan showing a particularly sharp reversal, says agency broker ITG.