Electronic and portfolio trades account for almost 40% of the equity trading volume in Japan but this is expected to rise to 55% over the next three years, a significant milestone.
Direct market access trading has been the biggest driver of growth over the past year, expanding from 3% of total equity transaction volume for all institutions in 2006 to 8% in 2007. DMA’s share of total volume doubled from 5% to 10% for large institutions.
“DMA really seems to have been driving the growth between 2006 and 2007,” says Greenwich Associates consultant Tomio Sumiyoshi.
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