Instinet has announced that the Philippines has become the 12th Asia-Pacific capital market to be added to its direct market access (DMA) and algorithmic trading platforms.
Instinet had supported that nation before on its high-touch services, but the addition now means that clients are able to trade on the Philippine Stock Exchange in a low-touch manner.
"Clients are increasingly looking to leverage the same tools across the entirety of Asia-Pacific," says David Firmin, head of global trading research, Asia-Pacific,at Instinet. "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. Remaining at the forefront of trading technology provision in Asia-Pacific is critical to our global strategy, and we're pleased to be expanding our electronic footprint with the addition of the Philippines."
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