A morning outage at the Tokyo Stock Exchange has demonstrated shortcomings in the way venues are regulated in Japan and deprived investors of a choice of back-up venue for trading, alternative venues have suggested.
Dark pool trading rocketed in Europe during January, with turnover on non-displayed multilateral trading facilities (MTFs) reaching their second highest total ever, according to data from Thomson Reuters Equity Market Share Reporter.
After a successful launch in Switzerland and filing strong performances figures in a year marked by low volumes, block trading venue Liquidnet is set to sign up another three exchanges to its institutional dark pool.
Aritas Securities, the US-based block trading venue formerly known as Pipeline Trading Systems, is now re-engaging with those customers that did not abandon the firm following the regulatory scandal it faced in October last year.
Japan’s proprietary trading systems have reported record gains against the incumbent Tokyo Stock Exchange (TSE) and Osaka Securities Exchange (OSE), with the newcomers achieving a market share of 7.62% between them on 12 January 2012.
The overall value of Asian equity trading fell by over US$1 trillion in 2011 but the decline masks modest gains in most markets within the region, with Chinese markets most affected by the drop off in turnover.
Market operator and trading technology provider Chi-X Global will continue its push into Asian markets next year by growing its market share in Japan and Australia, as well as exploring new opportunities in other markets in the region, according to CEO Tal Cohen.