Japan’s only High-Speed Trader Dharmacapital Moves to Singapore Citing Tax Rates

Japan’s only high speed trader Dharmacapital moves to Singapore

This comes as Tokyo has struggled to cement its status as a major international financial hub. Read more at straitstimes.com.

Japan’s sole HFT Dharmacapital relocates to singapore

Japanese only high-frequency trading firm Dharmacapital has moved its entire workforce from Tokyo to Singapore, highlighting the growing challenge facing the country as it competes with other Asian financial centres for trading talent and market-making businesses, according to a report. The relocation was completed earlier this month, according to people familiar with the matter. Dharmacapital’s Singapore entity will now serve as the firm’s oper…

Japan’s only high-speed trader Dharmacapital moves to Singapore citing tax rates

Comparatively high income tax rates and language barriers are among the factors cited by some finance professionals for choosing other cities over the Japanese capital.

Japan's only registered high-speed trading firm leaves Tokyo for Singapore

The relocation of Japan's last high-speed trading firm to Singapore may hinder local market efficiency and impact Japan's digital securities growth. The post Japan’s only registered high-speed trading firm leaves Tokyo for Singapore appeared first on Crypto Briefing.