Asia turmoil seen stalling broker expansion
Turbulence in Asian emerging markets has dampened broker-dealer interest in expanding into the region, says Citi's global head of direct custody and clearing.
The recent turmoil in Asian emerging markets has led some broker-dealers to put expansion decisions on hold and thereby affected uptake of the Citi-UBS post-trade platform launched in Asia in late 2012, says a senior Citi executive.
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