Japannext, Chi-X confirm ATS interest in Korea
Japan's two leading alternative trading systems are in talks to expand their services to Korea, where the regulator is moving to open up the market to competition.
The two dominant alternative trading systems (ATSs) in Japan – SBI Japannext and Chi-X – are in talks to expand their services to Korea, AsianInvestor can confirm.
Korea’s Financial Services Commission (FSC) proposed legislative changes this June to allow securities firms to set up alternative trading platforms for stocks and depositary receipts – which will bring an end to Korea Exchange’s 57-year monopoly.
Following a consultation period, final revisions to the draft legislati…
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