A seismic shift is underway in global finance, led by a new breed of trading firms. Electronic market makers such as Jane Street and Citadel Securities are outpacing traditional Wall Street banks with cutting-edge technology, aggressive hiring strategies and lower regulatory burdens. In 2Q alone, Jane Street generated more than $10 billion in net trading revenue, eclipsing all of Wall Street's banks including JPMorgan and Goldman Sachs.

Should Wall Street be worried? And can these companies continue to expand into Asia? Earlier this year, Jane Street was banned from trading in the Indian securities market for alleged market manipulation, which the firm denies. Larry Tabb, head of market structure research at Bloomberg Intelligence, joins John and Katia on the Asia Centric podcast.