The ATS Warning
ASIA REPORT
Regulators in Asia are watching closely as alternative trading systems (ATSes) march into the region, where national exchanges dominate the market. Experts say changes are in the cards for regulatory systems across the region that will open markets up incrementally to trading platforms that compete with traditional exchanges.
"What has to happen in Asia is [we will have to answer this question]: how do you want to regulate this?" says Tony Mackay, CEO of ATS operator Chi-X Global. The platforms
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