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 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. 

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