Chi-X Japan Preps Co-Location Offering

After it completes its controlled launch, which begins on July 29, proprietary trading system (PTS) Chi-X Japan (CXJ) plans to offer registered broker-dealers in Japan co-located access to its market.

Co-location is a relatively new phenomenon for the market centers in Japan, explains Yasuo Hamakake, CTO of Chi-X Japan. “The Tokyo Stock Exchange (TSE) only announced its co-location service initiative earlier this year with its Arrowhead launch,” he says. “Once we have completed the full launch of

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