Japan’s algorithmic trading: Dark Age to dark side

Japan is slow to adopt financial market innovations, and algorithmic trading is no exception.

Olivier Thiriet, Credit Suisse

“Some are reluctant to take responsibility for their own trading. They’re happier to give an order to a broker and blame him if something goes wrong”
Olivier Thiriet, Credit Suisse

Credit Suisse, the first to start offering the execution strategy in Japan, launched its proprietary algorithmic trading platform, Advanced Execution Services, in Tokyo in 2003. Initially it was international investors playing the Japan market that adopted AES, says Olivier Thiriet, managing director, Asia Pacific alternative execution products, at Credit Suisse in Tokyo.

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