Fragmentation experiment seems inevitable
Steve Grob, director of group strategy for Fidessa, feels that the HFT community is likely to remain cautious about embracing Chi-X and PureMatch fully in the very short term. December 20, 2011 | Steve GrobIt really is just too early to tell what long-term traction either Chi-X or PureMatch, the ASX’s new platform, are likely to get. This is especially true in Australia because ASIC (the regulator) has allowed all market participants a 12 month grace period whereby they can still meet their best execution obligations simply by trading on ASX’s traditional book, TradeMatch. Until this period ends in November 2012 we will not have a truly meaningful view as to how disruptive of the status quo these new platforms will be. Please login to read the complete article. If you already have an account, you can login now or subscribe/register.
Categories: Exchanges, Markets & ExchangesExchanges,Markets Exchanges, Exchanges,Markets & Exchanges, Keywords:Chi-X, PureMatch, ASX, HFT, Liquidity Fragmentation, Trading Platform Chi-X, PureMatch, ASX, HFT, Liquidity Fragmentation, Trading Platform
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