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CSLA and Credit Suisse top brokers poll in Asia
CSLA and Credit Suisse came top in terms of market share in 2010 among brokers trading in Asian equities with institutions in the region.
In a survey by Greenwich Associates, based on interviews with fund managers and buyside trading desks, the two brokers together carried out just under a fifth of regional equity trading with institutions in the area.
CLSA, the Hong Kong-based firm majority owned by Credit Agricole, France’s second-largest bank, and Swiss bank Credit Suisse, each controlled 9.5 per cent of Asian equity trading over 2010.
Greenwich Associates consultant John Feng said: “The Asian equity commission pool has more than doubled over the past five years, making it one of the fastest growing markets in the world.”