SHANGHAI/SINGAPORE : China's securities regulators have told market participants that tighter rules for programme trading were not designed to kill the business, but were a response to calls for more oversight, according Asia's largest financial lobby group ASIFMA.
Question and answer sessions hosted by the Shanghai and Shenzhen stock exchanges last week allayed some fears that they aimed to clamp the sector, Chao told Reuters in an interview. But as China's stock market struggles in an ailing economy quant funds that use derivatives and data-driven computer models to profit are attracting criticism along with short-sellers - as they have elsewhere and in previous episodes of market weakness.
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