Barclays exits Asia cash equities

Rival brokers are looking to poach the British bank's remaining HFT and prime brokerage clients now it has lopped off research and high-touch trading.

Barclays exits Asia cash equities

Barclays has become the latest in a long line of banks to pull out of the unprofitable Asian cash equities business as fierce competition and high costs make it untenable for all but the largest players and a few boutiques. 

The British bank said in an email to clients on Thursday that it is closing cash equity research, sales, and trading as well as convertible bond trading across Asia. It also plans to...

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