JPX Boosting Trading Speed to Gain Edge on Competition
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Japan Exchange Group Inc. is upgrading its trading systems in the biggest overhaul since 2010 to boost transaction speed and win more business.
The operator of the national bourse plans to replace the Arrowhead cash equity matching engine next September and revamp the derivatives system in 2016, said Hiromi Yamaji, chief executive officer of Osaka Exchange Inc., a unit of Japan Exchange. The project will help attract traders with strategies relying on speed as well as aiding expansion into other operations, such as commodity trading.