Asia Aware: What You Need to Know to Trade in These Markets

The Asian markets are scorching hot - in 2005 alone the Tokyo Stock Exchange was up 43 percent over 2004 in terms of value of shares traded, a common growth benchmark used abroad. But for U.S. traders looking to get in on the action, there are some subtle nuances of which to be aware before trading in many of these markets. To help, Advanced Trading turned to Instinet, a global agency broker that trades in more than 40 markets worldwide, to fill you in on the differences among the marketplaces, including which are open-access markets and regulations to note. Special thanks to Joe Marchal, president and managing director, Instinet Asia, for creating this guide to the Asian markets.

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Trading Guidelines for Asian Markets

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Joe Marchal, President and Managing Director, Instinet Asia

Marchal has strategic responsibility for Instinet's global Asian product. Before joining Instinet in 2004, Marchal was a senior managing director at Deutsche Bank, where he was responsible for the distribution of Japanese equities global product. Previously, Marchal was with Salomon Brothers Japan, now NikkoCitigroup, where he was appointed head of Japanese equity sales trading in 1996. He has been an active member of the Tokyo brokerage community since 1983.