January 12, 2010

Arrowhead Will Take Time to Hit Target for TSE

Describing what a trader’s screen hooked to the Tokyo Stock Exchange’s new Arrowhead trading platform looks like, Ian Chilton, chief executive of Fidessa Japan says: “It flashes like a Christmas tree on steroids.”
Trades executed on the exchange now take five milliseconds, instead of seconds, and the tick size – the amount by which a share price is allowed to move up or down – has been reduced, which means more data and more opportunities to trade; hence all the hyper-fast flashing of prices...
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