Study

Trading Teams

Asia
2026
April 21, 2026

Morgan Stanley retain top spot in the 2026 Asia (ex-Japan/ANZ) Trading survey. J.P. Morgan climb a place from third to second with UBS taking up third place on the podium. The remaining seven firms in the top 10 are included in the data sheets above along with more in-depth data.

 

 

Methodology summary

Extel polled traders of Asian (ex-Japan/ANZ) equities asking them to rate brokers on various attributes for trading and execution. The attributes were aggregated to produce the best brokers overall. These results reflect the responses from 133 traders at 116 companies. Voters cast 2,135 votes for 63 brokers in 21 attributes. 

The attributes were:

High-Touch Sales Trading - Access to Block Liquidity Electronic Trading - Transaction Cost Analysis
High-Touch Sales Trading - Access to Small- & Mid-cap Liquidity Electronic Trading – Quality of Innovation
High-Touch Sales Trading - Maintaining Order Anonymity Electronic Trading - Service Quality & Support
High-Touch Sales Trading - Minimize Market Impact Portfolio/Program Trading - Reliability of Settlement/Back Office
High-Touch Sales Trading - Quality of IoIs Portfolio/Program Trading - Client Service Quality & Support
High-Touch Sales Trading - Service Quality Portfolio/Program Trading - Global Market Access
High-Touch Sales Trading – Willingness to Commit Capital Portfolio/Program Trading - Index & Portfolio Research
Electronic Trading - Algorithm Customization Portfolio/Program Trading - Pre and Post Trade
Electronic Trading - Algorithm Performance Delta One/ETF - Access to Differential Liquidity
Electronic Trading - Market Access & Transparency Delta One/ETF - Price Improvement
Electronic Trading – Market Structure Guidance  

 

Survey Information