Chi-X Japan reaches new milestone

Chi-X Japan, the subsidiary of alternative trading venue operator Chi-X Global, has seen turnover jump by 31.4% from May to June 2011, reaching ¥515 billion (US$6.34 billion), a new record for the firm.
By None

Chi-X Japan, the subsidiary of alternative trading venue operator Chi-X Global, has seen turnover jump by 31.4% from May to June 2011, reaching ¥515 billion (US$6.34 billion), a new record for the firm.

The proprietary trading system's June 2011 market share for constituents of the Nikkei 225 index increased to 2.41% by value from 1.97%, based on its own figures.

According to data from Thomson Reuters' Equity Market Share Reporter, Chi-X Japan's market share of the whole Japanese equity market has grown from 0.70% in January to 1.78% in June.

Then new figures make Chi-X Japan the country's largest PTS for the second month in a row, ahead of SBI Japannext whose market share was 1.67% in June and the third largest trading venue nationally, behind the Tokyo Stock Exchange (TSE), which has seen its market share slip to 91.8% in June from 93.1% in January, and the Osaka Stock Exchange whose market share has grown over the same period to 5.31% from 5.18%.

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