Japan's Trading Firms Work to Automate FX, Fixed-Income Platforms

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(l-r) Eiichiro Yanagawa, Kenji Toyooka, Hiroshi Matsubara, Takashi Hiratsuka

In the late 1990s, there was a major push ─ which was started by the Tokyo Stock Exchange ─ to make electronic trading a more viable option for Japanese firms. Unfortunately, it took a long time for further innovation to take hold in the marketplace, though that may now be changing, according to Eiichiro Yanagawa, senior analyst at consultancy Celent.

"In 1998, 1999 things really happened, but after, it took more than 10 years for us to see things start to move when it comes to technology innova