Dark Pools Are on the Rise in Japan
- Value of trades in dark pools has nearly doubled since 2011
- Country’s regulator hasn’t responded to the increase
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Tokyo Stock Exchange is worried about Japan going dark.
Tsuyoshi Otsuka, global head of equity market strategy for the bourse, is trying to persuade regulators to see the increasing use of private venues known as dark pools as a threat to stability. He estimates that the total value of trading in the platforms was close to 5 percent at the end of last year -- small by the standards of other developed markets, but nearly double their share in 2011.