SBI Japannext, the largest alternative trading system in Japan, has added to its sales team to help support its next phase of growth.
James Noh joins the proprietary trading system (PTS) as head of sales and marketing and will have responsibility for spearheading special projects at the firm. He joins from Barclays and has 10 years of experience in the securities business in Asia.
“With James’ new appointment, we will be better positioned to achieve our aggressive plans to grow the firm in the next few years,” said Chuck Chon, co-CEO, SBI Japannext.
The PTS has also announced the departure of COO Hiroshi Sensaki, due to personal reasons, with a successor due to be appointed in the coming months.
SBI Japannext is currently battling with Chi-X Japan to become the largest PTS. It reached a record market share of 3.99% in August, the highest ever recorded by a PTS. On 24 September, SBI Japannext migrated to technology supplied by Nasdaq OMX, which vastly improved capacity and latency of its trading platform.