Published On: Fri, Jun 15th, 2012

SBI Japannext Announces the Launch of X-Market

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Chuck Chon CEO of SBI Japannext

Chuck Chon CEO of SBI Japannext

We would like to announce the launch of our much anticipated “X-Market” on July 2nd 2012 to encourage Japanese online brokers to provide best execution opportunities for their clients without having to convert their systems to handle decimal tick sizes.

To meet this demand, Designated Liquidity Providers (DLPs) will provide quotes in the X-Market at the same tick sizes as TSE. We hope that this offering will enable those brokers to offer best execution to their clients and support higher levels of market activity overall.

It is our wish that once online and online-like brokers make a commitment to the X-Market, they will be encouraged to join not only our J-Market but other PTS venues as a means of furthering development of broader liquidity in the Japanese market. For further details regarding the X-Market and the DLP program, please consult link below

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