Securities Monitor (January 18, 2012)
“Chi-X Japan numbers have shot up significantly since the beginning of the year.” In the fourth quarter, Chi-X Japan increased trades by 50.4%, though it still handles less than 3% of Japan’s trading, most of which remains on the Tokyo Stock Exchange (TSE) and the Osaka Securities Exchange (OSE). Chi-X is also gaining traction in Australia and Canada, where it now accounts for roughly 11% of trades. In combination with the Singapore Exchange (SQX), Chi-X also operates a Pan Asian dark pool, Chi-East, which “supports trading of 3,264 securities including all Hong Kong main-board listed shares.”
Businessweek (January 6, 2012)
Japan was the first country in the Asia Pacific region to allow proprietary platforms to compete with traditional exchanges and these platforms have had a stellar year. “Volume on SBI Japannext and Chi-X Japan since the March 11 earthquake has been triple the level seen in the year leading up to the natural disaster.” In contrast, trading on the Tokyo Stock Exchange declined by roughly 19%. Altogether the proprietary markets accounted for 7.8% “of the volume in Topix Index stocks last year, up from 6 percent in 2010.”
Tags: Asia Pacific, Chi-X, Japan, SBI Japannext, Trading platforms, TSE
