TSE upgrade puts pressure on Japanese dark pools

Faster new trading technology deployed by the Tokyo Stock Exchange (TSE) in January is putting pressure on six Japanese proprietary trading systems (PTS) to offer tighter spreads to increase their allure as off-exchange trading venues. These off-exchange schemes are frequently called ‘dark' or ‘lit' pools, depending on whether or not block trades are anonymous.

Launched on January 4, the TSE's Arrowhead technology cost $140 million and was introduced in a bid to restore the exchange's tarnished

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here