There is a bright spot in the trading world after all and that happens to be in Asia. This week, movers and shakers of the trading world including asset managers, investment bankers and hedge fund players convened in Singapore for TradeTech Asia, the largest gathering of trading professionals in the region.
There was a lot of market talk about high frequency trading, algorithms, and how the buy-side is sourcing liquidity and making money in 2013.
Bloomberg Tradebook seized the opportunity to announce the expansion of its execution consulting practice in Asia. Tom Kingsley will be leading this effort from Singapore and was among heads of trading and investment firms speaking about “High Touch Trading in an Algo World”. At a panel, Tom spoke about the convergence of high tech and high touch in the trading world, which defines and differentiates our execution consultancy business.
Asia has embraced trade technology faster than any other region. Yet, 20% of the orders we receive are still communicated over the phone because of a lack of understanding about how to use those technologies. With the expansion of Bloomberg Tradebook’s execution consultancy services, clients in Asia can now benefit from having a dedicated resource to lean on for advice on trading tools and applying the right strategies to meet their investment goals.
Debbie Liew, Corporate Communications