TXC Eyes Connectivity, Asset Class Expansion
Officials say TXC's UK-based team will deploy its trading strategies at the center in Tokyo for clients who trade on EBS during Asian hours to utilize to cross-connect to EBS, which has its Asian connectivity hub in the same center. TXC's presence in the facility should be completed sometime in the second quarter of this year, says president and chief operating officer Alan Schwarz.
"Not all of the Tokyo trading day is liquid enough for many styles of high-frequency trading," although there is
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