Chi-X Japan welcomes Yamawa Securities and Ark Securities as trading participants
Chi-X Japan, a wholly owned subsidiary of alternative market operator Chi-X Global, has added two local brokers, Yamawa Securities and Ark Securities, as trading participants.
This brings the total number of trading participants to 23.
Yamawa and Ark will access Chi-X Japan’s market centre through Intertrade’s platform.
Nagahori, chief operating officer of Chi-X Japan, says: “We are pleased to announce that Yamawa Securities and Ark Securities have commenced trading on Chi-X Japan. Since the launch, our strategy has been to provide investors with better prices and price improvement opportunities. Today’s announcement reflects the industry’s demand to lower the overall cost of trading and realise the benefits of competition.”
Kudo, general manager proprietary trading department, Yamawa, says: “We have been working closely with Intertrade to gain access to Chi-X Japan. We are confident that we will be able to benefit from better prices and price improvement opportunities, ultimately creating greater investment performance through our trading strategies. As we look to promote healthy competition in Japan, we are well positioned to provide liquidity to Chi-X.”
Miyagawa, director general manager financial solution service division, Intertrade, says: “We are focused on providing our clients with a comprehensive solution that can help them reduce execution cost and assist with price discovery. We are encouraged by our clients’ desire to trade on Chi-X Japan and we look forward to growing our relationship as our clients look to access its market.”
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