Electronic trading is coming to the Philippines.
U.S.-based agency-only broker and execution arm of Nomura, Instinet, has added the Philippines to its direct market access (DMA) and algorithmic trading platforms.
The addition of the country extends Instinet’s low-touch trading reach into 12 Asia-Pacific countries. Prior, investors who wanted to execute trades on the country’s stock exchange, the Philippine Stock Exchange, had to do so via the broker’s high-touch trading desk in Hong Kong via telephone. Now, the Philippines and 11 other countries can enjoy similar economic savings and better execution via algorithms and DMA that the U.S. and other European countries do.
“Clients are increasingly looking to leverage the same tools across the entirety of Asia-Pacific. Instinet has worked extensively to tune our global platform to meet the specific market structure requirements of the region’s emerging markets in addition to the primary markets we’ve long supported,” said Instinet’s David Firmin, head of global trading research, Asia-Pacific.
The centerpiece of the electronic offering will be Instinet’s Execution Experts platform -its global, event-driven suite of strategies designed to address most investors’ trading objectives. The strategies, which offer extensive controls to refine behavior, utilize multiple fair pricing models and advanced submission techniques designed to reduce adverse selection and exposure to potentially predatory behavior.
