TOKYO: The Tokyo Stock Exchange will develop a new, super-fast trading system that can accept orders almost instantly from investors around the world.
The system will reduce the time the bourse takes to receive orders to one-10,000th of a second. This is ten times faster than the current system, and almost as quick as major stock exchanges in the US and Europe, Japan's (NHK World) website reported Saturday.
It is aiming to introduce the new system by the middle of 2015.
Major stock exchanges worldwide have been boosting their capacity for rapid transactions to satisfy investors who are eager to make large, high-frequency trades.
The Tokyo Stock Exchange has been lagging behind other bourses.
However, it wants to capitalize on the recent rise in Tokyo stock prices by using a high-speed trading system to attract more foreign investment. (QNA)
