Institutional Investor (October Issue)
“Atsushi Saito has reinvigorated the Japanese exchange world with a merger and a technology overhaul. Now comes the hard part: winning back market share in Asia.” Following the merger of the Tokyo and Osaka exchanges, the Japan Exchange Group ranks third behind only the NYSE Euronext and Nasdaq OMX. “JPX now controls more than 90 percent of all equity-and derivatives-trading volume in Japan.” Yet, “despite its lead in listed companies, JPX trails in foreign listings. It’s also weak in terms of options, futures contracts and exchange-traded funds (ETFs), compared with the big U.S. exchanges”
Tags: Asia, Atsushi Saito, Derivatives, Equities, ETFs, Futures, IT, Japan, JPX, Market share, Merger, Nasdaq OMX, NYSE Euronext, Options, Osaka, Tokyo, Trading volume, U.S.
Securities Trader (August Issue)
We have moved “from the paper blizzard 50 years ago when average daily volume on the New York Stock Exchange was 14 million shares to today’s “slow” market, when 6 billion shares are traded each day, at a thousandth of a blink of an eye.” Today, “orders can get acknowledged in 310 millionths” of a second and some pre-trade risk controls take place in just two billionths of a second.
Tags: Acknowledgement, NYSE, Risk controls, Trading volume
