In Asia, Fragmentation Creates Regional Technology Challenges

While regions such as the EU are, in a technical sense, fragmented, they're still bound by supranational regulation such as the Markets in Financial Instruments Directive (Mifid) and the European Market Infrastructure Regulation (EMIR), while the US has the Dodd-Frank Act.

In Asia, however, no analogous regional macro regulatory regime exists, with countries instead operating their own rule structures that aren't always compatible with one another. For systems design and roll out, this creates