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Japan's alt trading venues set for buy-side influx

A proposed exemption on users of proprietary trading systems (PTS) from a mandatory takeover rule is expected to drive market fragmentation.
Japan's alt trading venues set for buy-side influx

A proposal by Japanese regulator FSA to lift a compulsory takeover bid imposed on users of alternative trading venues will draw buy-side traders away from the primary exchange, argue industry players.

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