PTS (Proprietary Trading System) - Financial Services

When stock brokerage commissions were deregulated in October , several companies began developing trading systems in preparation for starting up online brokerage businesses.

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The common expectation was that stock brokerage commissions would go down as the newly established internet brokers competed for customers. In July that year, kabu. That trading system distinguished the services of kabu. Following the financial system reforms enacted in , brokers were no longer obligated to send all their orders to the stock exchanges, so they moved to establish their own proprietary trading systems.

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Japan’s Oldest Proprietary Trading System.

However, most proprietary trading systems could only handle trades done at the closing price on the exchange, and because auction-type price discovery was not available on proprietary trading systems, rules had not even been established to govern this type of trading. IT-Monster is a system that can be applied to a wide variety of matching needs.

According to Mr. Damgard, BrokerTec aimed to provide global bond dealers an electronic trading platform that would increase liquidity, lower trading costs, and provide greater price transparency.

Frankel also said that since ECNs are designed to help traders take advantage of trading opportunities that exist for extremely short periods of time, and also appeal greatly to the market, they do indeed present a threat to traditional exchanges. At that time, most brokers had their own dealing operations that would use special trading terminals supplied by the stock exchange.

With this system, once the order details were entered, not only were all of the remaining steps in the process automated, dealers were also able to manage their positions, and profits and losses in real time.

Profiling Japannext: Japan’s Largest PTS Trading Venue

Compliance checks were also automatic and there were numerous other features. TradeOffice-SX was also the first dealing system with many features that are now commonplace, such as one-click order placement, one-click order cancellation, and drag-and-drop price correction. Japan Asia Securities Co. Bright Securities Co. Akagiya Securities Co. Musashi Securities Co. ARK Securities Co. Tokai Tokyo Securities Co. Yutaka Securities Co. Hikari Securities Co. Kazaka Securities Co.

Yamamaru Secrities Co. Mito Securities Co. Utsumiya Securities Co,. Marusan Securities Co. Phillip Securities Co. Meiwa Securities Co. Chibagin Securities Co. Cosmo Securities Co. Netwing Securities Co. Marufuku Securities Co. May 3 Mon. May 4 Tue. May 5 Wed. July 22 Thu. July 23 Fri. August 8 Sun. August 9 Mon.

September 20 Mon. September 23 Thu. November 3 Wed. November 23 Tue. December 31 Fri. January 1 Sat. January 2 Sun. January 3 Mon. January 10 Mon. February 11 Fri. February 23 Wed. March 21 Mon. April 29 Fri. May 3 Tue. May 4 Wed. May 5 Thu. July 18 Mon. August 11 Thu. September 19 Mon. September 23 Fri. October 10 Mon. November 3 Thu. November 23 Wed.

December 31 Sat. About Us. Our Mission Japannext strives to facilitate and improve the Japanese capital market structure to benefit all market participants.

For the Improvement of Investors' Convenience;
Expanding PTS Market.
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