Business & Finance
Japan’s Only High Speed Trader Dharmacapital Moves to Singapore
Key Points
Japan’s Only High Speed Trader Dharmacapital Moves to Singapore Japan’s high frequency trader Dharmacapital Co. moved all its staff to Singapore earlier this month, according to people familiar with the matter, effectively leaving Tokyo with no such firms operating out of the city. The country’s high tax rate compared to other Asian financial hubs, such as Singapore and Hong Kong, was partly behind the decision to relocate, according to one of the people, who asked not to be identified...
Japan’s Only High Speed Trader Dharmacapital Moves to Singapore
Japan’s high frequency trader Dharmacapital Co. moved all its staff to Singapore earlier this month, according to people familiar with the matter, effectively leaving Tokyo with no such firms operating out of the city.
The country’s high tax rate compared to other Asian financial hubs, such as Singapore and Hong Kong, was partly behind the decision to relocate, according to one of the people, who asked not to be identified discussing private information.