Bloomberg (August 25)
“The Tokyo Stock Exchange Group Inc.’s purchase of its Osaka rival is off to a rocky start.” Shares in the “Osaka exchange plunged by a record 16 percent yesterday amid speculation the merger will hurt profit.” Many of the concerns center on trading disruptions at the larger exchange, for which executives had their pay docked following a reprimand by the Financial Services Agency.
Tags: FSA, Merger, OSE, Share price, Trading glitches, TSE
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.”
