Friday, 28 November 2014
Last updated 13 hours ago
Jan 4 2010 | 9:28am ET
The Tokyo Stock Exchange is set to roll out a new high-speed trading platform this week. And the hedge funds will reportedly be there to take advantage of it.
Among them will be D.E. Shaw Group, Asian Investor reports. The New York-based hedge fund would not comment on reports that it and other hedge funds engaged in high-frequency trading were building up their Tokyo desks in advance of the stock exchange’s new system.
The Tokyo bourse’s US$145 million Arrowhead platform will process trades in just five milliseconds and will give the exchange the more than six times its current capacity. Currently, Tokyo trades take between two and three seconds; under the new system, the TSE will be more in line with the New York Stock Exchange and London Stock Exchange.
Nov 4 2014 | 9:45am ET
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