Fidelity, JPMorgan embrace online Asia bond trading to cut costs
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Hong Kong
FIDELITY International and JPMorgan Chase & Co are among bond investors warming to electronic trading systems in Asia.
More than 70 per cent of the bond transactions for JPMorgan's private banking arm are handled through such systems, compared with around 20 per cent seven to eight years ago. The Asian fixed-income team of Fidelity saw similar trades grow five-fold since 2007. The Singapore Exchange Ltd has been recruiting more participants to its debt platform since its launch in December.
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