To determine the members of the 2018 All-Asia Trading Team, Institutional Investor surveyed buy-side traders and other investment professionals at asset management firms with investments in Asian equities (including Japan) and invited them to rank their top execution and trading services providers.
Respondents were asked to rank their trading services providers on attributes for Electronic Trading, High Touch and Portfolio Trading in the following regions: Australia/New Zealand, China/Hong Kong, India, Japan, Korea, Taiwan, Developing Trading Markets (including Malaysia, Philippines, Singapore, Thailand, and Vietnam), and Frontier Trading Markets (including Bangladesh, Brunei, Cambodia, Laos, Myanmar, Pakistan, and Sri Lanka).
Attributes for Electronic Trading:
Algorithms attune with local market conditions
Customizing trading algorithms/solutions
Execution consulting & analytics
Market structure research and content
Pro-active service and coverage
Attributes for High Touch:
Access to large-cap natural liquidity
Access to mid-cap and small-cap natural liquidity
Appetite for risk trades
Minimizing market impact
Quality of sales traders, customer service, and advice
Attributes for Portfolio Trading:
Appetite for risk portfolio trades
Global portfolio trading capabilities
Insightful index and portfolio research
Minimizing market impact
Portfolio construction strategies
Participants were also asked to name up to four trading service providers on Local Market Color (company coverage offered on market news, flow insights, and market structure) based on the regions listed above that they cover.
Votes were weighted based on the participating institution’s estimated gross secondary market commissions paid for Asian cash equities (including Japan) for the 12 months through January 31st 2018 and the place awarded to the service provider (first, second, third or fourth). These weighted votes were used to create scores for each firm, which determined the rankings. The leaders table for High Touch, Electronic, and Local Market Color are based on an aggregate of the attributes for each region for the category. The Leaders Table for Portfolio Trading is based on the overall score from all regions.
We received responses from 400 investment professionals. Voters are subject to eligibility requirements, and winners must achieve a minimum vote count. No responses will be individually identifiable in our results. All ballots are subject to review by our Research Operations Group, and final results may be inspected by an independent auditor.