March of the machines
Electronic trading is gaining ground in the Asian derivatives market as financial institutions and their clients seek to gain advantage from more efficient trading capabilities. But the financial crisis has demonstrated that relationship-based trading is far from dead. Wietske Blees reports
Asia has lagged behind Europe and the US in terms of its uptake of automated trading technologies, often hampered by diverse regulatory environments, sometimes limited technological capabilities and an apparent cultural preference for dealing with people, rather than machines. In 2008, 42% of equities were traded electronically in the US, while in Asia just 15% was traded via electronic routes, according to figures from research company Greenwich Associates, based in Stamford, Connecticut.
Marke
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