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Tokyo Exchange Aims to Sell Arrowhead System in Malaysia

Tokyo Stock Exchange Group Inc. aims to sell its Arrowhead trading system to Bursa Malaysia Bhd. (BURSA) in a competition against other bidders, Naoya Takahashi, a spokesman for the Japanese company, said today by telephone.

Bursa Malaysia said in a statement that it has requested information from various parties to evaluate trading systems and hasn’t issued a call for bids.

Kyodo News earlier reported the planned bid by Tokyo Stock Exchange.

To contact the reporter on this story: Takako Iwatani in Tokyo at tiwatani@bloomberg.net.

To contact the editor responsible for this story: Nicolas Johnson at nicojohnson@bloomberg.net.

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