Market participants are gearing up to trade more in Japan now that Arrowhead, the Tokyo Stock Exchange's new whizz-bang trading platform, is proving a success.
"Arrowhead has had a smooth start," says Kumiko Oe, head of equity trading for Asia-Pacific at AllianceBernstein in Hong Kong. "Spreads have narrowed and the speed is more efficient. It's a net positive."
Global buy sides and prop desks, as well as Japanese clients savvy with the use of algorithmic trading and quant strategies, had been hindered by the TSE's previous lack of ...