First State Investments is restructuring its trading set-up and shifting to electronically access dark pools and other sources of alternative liquidity, Asian Investor reports. The fund manager is looking to deploy Bloomberg’s EMS-X execution management system, which will allow it to use broker dark pools, other venues such as Chi-X and Instinet, direct market access and algos.
First State is also considering other measures to improve execution efficiency. The international unit of Australia’s Colonial First State Global Asset Management already uses buy-side crossing network Liquidnet, but has not otherwise traded electronically.
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