Published On: Mon, May 7th, 2012

TORA Sees Strong Start to Second Quarter Volumes in April

Robert Dykes, CEO of TORA

Robert Dykes, CEO of TORA

TORA, Asia’s leading provider of advanced trading technology and financial services, announced that TORA Crosspoint™, the company’s off-exchange liquidity venue, has continued its momentum in April after posting a record first quarter.

TORA Crosspoint™ posted a record April with executed volume up 112.3% year-on-year. This follows a record start to 2012 in the first quarter with an executed volume up 91.7% quarter-on-quarter. During the four months of 2012, TORA Crosspoint offered, on average, more than 1,200 individual equities.

“The significant uptick in volumes traded through TORA Crosspoint this year reflects increased liquidity in the pool which consistently delivers cost savings of, on average, eleven basis points to buy-side traders,” said Robert Dykes, Chief Executive Officer of TORA.

In addition to connecting to ten dark and lit venues in Japan, TORA Crosspoint leverages natural internal liquidity traded through TORA Compass™, the company’s advanced execution and order management system, further adding to the liquidity accessible in TORA Crosspoint.

Dykes added that there is a growing trend among buy-side traders globally to seek liquidity and price improvement opportunities in off-exchange liquidity venues for the Japan market. Japan is among the most liberal trading markets in Asia with various lit and dark pools catering to the institutional community.

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