SBI Japannext: PTS innovation


Simplified access to profitable trading in Japan on a thriving PTS venue

SBI Japannext, part of SBI Holdings, was the first proprietary trading system (PTS) exchange established in Japan. It differentiates itself in three key ways:

  • It offers a more competitive tick size for stocks in Japan, offering buy-side firms better pricing for stocks they trade
  • It operates a unique nighttime market, enabling trading after the Tokyo Stock Exchange (TSE) closes
  • It’s the only PTS venue in Japan which provides access to the retail flow of SBI Securities — the country’s largest online retail broker with 40% market share

Via Colt PrizmNet, capital markets participants throughout the global ecosystem can receive SBI Japannext market data (both raw and normalised) and trade on its PTS venue. As well as being able to trade on both daytime and nighttime markets, firms will find regulations are less stringent than in Europe and the US.

Understanding that overseas firms may be unfamiliar with the Japanese market landscape, SBI Japannext helps facilitate their access to the revenue opportunities available by lowering barriers to entry and helping firms get established.

Using Colt PrizmNet, registered brokers can quickly connect to SBI Japannext, avoiding the costs and delays associated with installing long-haul circuits and so shortening the go-live to trading. Other firms can access the venue via registered brokers — SBI Japannext can introduce you to leading brokers who offer appropriate solutions, with Colt’s financial extranet providing the connectivity you need.

“Japan has the largest market cap in Asia, and SBI Japannext helps to make it even more profitable with better pricing for stocks and a unique night-time market. Our partnership with Colt PrizmNet speeds and simplifies connectivity for overseas participants, and lowers their cost of entry into the Japanese marketplace.” — Marc Robinson, Chief Relationship Officer, SBI Japannext

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