The platform has enjoyed some success in Europe and is now equivalent to being the fifth-largest exchange in the region, says Mark Howarth, chief operating officer for the Asia-Pacific region at Chi-X, during a visit to assess the progress of the Tokyo operation.
He says: "The benefits of the system are that customers can trade across multiple markets quickly; trading is cheaper than on traditional exchanges; and we can offer innovative order types that allow new trading strategies."
Breaking the Tokyo market will not be simple, however. Although, according to Howarth, Japan does offer one of the better sets of existing legislation for allowing new stock exchanges to enter the...
