D.E. Shaw, Other Hedge Funds Said To Boost Tokyo Presence

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.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Looking for a way to keep warm during the cold weather or rather alleviate your cold while under the weather?