Wheatley welcomes trading competition, fears fragmentation

Mar 22, 2011

The Hong Kong SFC's chief executive acknowledges the benefits of additional trading venues, but raises concern over whether diverse platforms can be accessible in a non-discriminative way.

Outgoing Securities & Futures Commission (SFC) chief executive Martin Wheatley has said that allowing alternative trading venues to compete with exchanges delivers some benefits to investors but invariably leads to a more fragmented market.

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