Japannext

  Company Overview

Japannext was established by Japan’s top 4 on-line brokers (SBI Securities, Rakuten Securities, Orix Securities, and Click Securities) to create an out of hours Proprietary Trading System (PTS) venue replicating overseas Electronic Connection Networks. This expanded to daytime trading in 2008 The market launched with the Atos Euronext Market Solutions (AEMS) used by Euronext 2018 Japannext invested in N2N Connect 2019 Daily turnover reached US$ 1.93 Billion (210.7 Billion JP¥) Japannext is now the oldest PTS venue in Japan with 33 active members (local and global brokerage houses) and 5% market share 2020 ‘SBI Japannext’ rebranded as ‘Japannext’

Type of business
Data Source

Region
Asia-Pacific

Specialisation
Venue/MTF

  Corporate Details

  Website Analysis

  Key Products & Services

Equity Markets: Tokyo Stock Exchange Securities (Common Stocks, Domestic Exchange-Trade Funds (ETFs), Domestic Real Estate Investment Trusts (REITs) Infrastructure funds) and TSE types, First Section, Second Section, Mothers, JASDAQ Standard, & JASDAQ Growth Bond Markets: B-Market provides 1. order driven continuous matching with yield and time matching priority 2. Coverage of fixed coupon JGBs (2-Year, 5-Year, 10-Year, 20-Year, 30-Year, 40-Year) 3. Order types includes limit, IOC, FOK and post-only 4. Execution report with counterparty information for real-time for intraday risk management Technology: Uses NASDAQ trading systems, offering market data and clients' orders via OUCH and ITCH protocols with pre-trade risk checking,

  Business Potential