Instinet has announced the addition of the Philippines to its direct market access and algorithmic trading platforms.
The Philippines is the 12th Asia-Pacific market for which Instinet provides low-touch electronic access.
Clients had previously been able to execute trades on the Philippine Stock Exchange via Instinet’s high-touch trading desk in Hong Kong.
David Firmin, head of global trading research, Asia-Pacific at Instinet commented that the expansion of their electronic footprint via this addition of the Philippines illustrated their work in tuning their global platform to meet the market structure requirements of the Asia’s emerging markets, in addition to the continent’s primary markets.