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Instinet signs reciprocal liquidity deal with Tora in Japan

Joint-access agreements proliferate in a bid to address fragmentation and improve turnover among alternative trading venues.
Electronic-trading firm Instinet believes inter-connectivity among alternative trading venues is set to deepen liquidity throughout Asia-Pacific after announcing a deal to share client access with Tora in Japan. In a move that will be made public today, the agency-only brokerage has unveiled what it calls a “reciprocal liquidity access agreement” with e-trading platform and Asian liquidity provider Tora. The deal will see Instinet’s Japanese clients gain access to Tora Crosspoint, a…
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