-- Regulators in Asia have tightened the screws on trades popular among hedge funds as stocks slumped, an attempt to stabilize markets that some worry may end up stifling key strategies.Thailand’s plan to increase scrutiny on high-frequency trades — in effect from Monday — follows steps from China, where programmed trading will soon be subject to real-time monitoring.
Thailand’s SET Index has fallen about 8% this year, turning it into one of the region’s worst country benchmarks. The stock exchange said it will require high-frequency traders to register before they can place orders. The measures are part of a package of rules to restore calm amid concern over the impact of illegal short selling, program trading and corporate scandals.
China’s quantitative hedge funds saw their assets drop in the first quarter for the first time since late 2022, according to estimates by Citic Securities Co. It’s a view echoed by Wei Li, multi-asset quant solutions portfolio manager for BNP Paribas Asset Management, who said such measures can contribute to a more stable and transparent market environment and ultimately benefit all participants.
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