Tokyo to detect dubious stock trading
A new joint public-private partnership plans to create an electronic network to improve monitoring of questionable stock trading, it has been learned.
The envisaged network, to be created by the nation's stock exchanges, a watchdog body and securities companies, is aimed at better protecting investors by detecting insider trading, market manipulation and other irregularities more swiftly, sources said. Full-fledged discussions on the specifics of the new system are likely to begin in the autumn with a view to launching the scheme some time in the next few years, the sources added.
The new system is expected to be created using part of a fund set up at the Japanese Securities Dealers Association (JSDA).
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