Instinet and JP Morgan sign liquidity agreement in Asia
Glenn Lesko, Instinet’s Asia CEO, expects to see more dark pools set up in Asia – by large regional banks, among others – and hence more tie-ups such as this one.
Instinet, an agency broker and trading platform provider, has struck a reciprocal liquidity agreement between its Asia-Pacific broker-dealer units and JP Morgan, reflecting a growing trend towards such tie-ups.
The aim of the deal is to broaden the Asian liquidity available to each firm’s institutional clients. It is also the latest step in Instinet’s effort to connect to all “meaningful” pools of liquidity in the region, says Joel Hurewitz, the firm’s Asia head of product strateg…
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