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Citi rolls out dark pool in Japan

Cate Rocchi
Fragmentation and competition is coming to Asia whether the market likes it or not, says Citi's Ben Valentine.

Citi has added to its handful of internal dark pools across Asia with the launch of Citi Match in Japan. It was set up six weeks ago, and crossing rates -- the percentage of matches that take place -- have been encouraging, says Ben Valentine, Asia-Pacific head of electronic execution sales at Citi in Hong Kong. 

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