Chi-X Japan has received regulatory clearance to open Kai-X, a new "reference price" trading venue in Japan, which is now set to go live on 17 October. ”Kai Kai-X will enable investors to execute trades at equal to or better than best bid and offer prices on the Tokyo Stock Exchange (TSE). The exchange aims to provide an alternative for institutional investors, who are currently unable to trade directly with each other due to their lack of access to Japan's stock exchanges.
Chi-X Japan has received regulatory clearance to open Kai-X, a new "reference price" trading venue in Japan, which is now set to go live on 17 October. Kai-X will enable investors to execute trades at equal to or better than best bid and offer prices on the Tokyo Stock Exchange (TSE). The exchange aims to provide an alternative for institutional investors, who are currently unable to trade directly with each other due to their lack of access to Japan's stock exchanges.