Chi-X Japan poised to launch dark pool
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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.
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