Chi-X Japan poised to launch dark pool
Hong Kong
CHI-X Japan, the Tokyo-based share trading platform owned by Chi-X Asia Pacific, is set to launch an anonymous off-exchange market known as a "dark pool", to grab more business from the Tokyo Stock Exchange (TSE).
The launch, scheduled for Oct 17, highlights growing demand from institutional investors to trade large blocks of shares off-exchange amid increased volatility and thin liquidity on the region's main exchanges, despite a number of dark pool scandals in recent years.
TRENDING NOW
Can ST Engineering aspire to challenge DBS to be king of the local bourse?
Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind
The returnees: Inside China’s AI talent reversal
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan