Tick-size reform denting Japan HFT: Mitsubishi UFJ AM
Reductions in tick sizes may be prompting high-frequency traders to move to the sidelines to re-assess their strategies, says Yasuaki Sumimoto, head trader at Mitsubishi UFJ Asset Management.
While doubts over the ability of Abenomics to revive Japan’s economy have been blamed for the Nikkei 225 index’s year-to-date decline of 4.88%, trader Yasuaki Sumimoto* said Tokyo Stock Exchange reforms could be partly responsible for subdued activity.
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