Tokyo's new trading system off to a good start

Arrowhead, the Tokyo Stock Exchange's radical new trading platform, is ready to shake up Japan's old-fashioned equity market.

The launch of a new trading system at the Tokyo Stock Exchange TSE has dragged Japan's equity market into the 21st century, albeit a decade late.

After years of nagging reliability problems, stone-age connection speeds and capacity constraints that limited direct access to the exchange, the TSE has at last upgraded its technology to reduce trading costs and offer real-time access for any broker or asset manager that wants it.

The project, dubbed Arrowhead, went live...

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