Chi-X Japan ups ante after rule change

The alternative trading venue aiming to step up its challenge to the Tokyo Stock Exchange has gained exemption from a problematic rule

The supremacy of Japan’s national stock exchange is set to face a stiffer challenge from alternative trading venues, with the decision to exempt one of its main rivals from a local rule that had limited its ability to compete.

Chi-X Japan, owned by Chi-X Global and one of the country's largest alternative share trading platforms, will from October 31 be exempt from Japan's "take-over-bid rule", according to a statement from the firm on Friday.

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