Asian markets are looking increasingly like markets in North America and Europe. Recent years have seen increased use of algos, dark pools, and dark pool aggregation.
As we enter the New Year—with hopes of better volumes and a bounce for our industry—Jamie Selway provides his annual list of market structure predictions and marks the book on 2011’s blotter.
As of October, Australia now has two competing, price-forming equity trading venues. In the coming months, there will be an impact on all those who trade Australian equities, and those buyside firms that use this change as a catalyst to adopt sophisticated technology and flexible trading tools will be those that benefit the most from this new, competitive market.
Following their North American and European counterparts, Asian traders are now extremely engaged in finding technological solutions to liquidity access. While dark pool aggregation is still in its early stages, David Stevens notes that this trend is likely to follow as well.
Although alternative trading venues have been around for some time in Japan, in the past year volumes in both dark and lit trading venues have taken off. This means that off exchange liquidity is now at levels no institutional investor should ignore
