Instinet: HKEx needs to break clearing and settlement monopoly

hong kong bridge

While Hong Kong already has dark pools that enable anonymous block trades, Instinet's Asia chief executive Glenn Lesko says its regulatory regime is still unfriendly to "lit pools", or electronic communications networks (ECN) such as Direct Edge, BATS and the Instinet-owned Chi-X, and the territory risks lagging behind rivals such as Australia and Japan. Alternative trading system providers in Japan will start clearing their trades on Japan Securities Clearing Corp (JSCC), which is partly owned

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: