SBI Japannext Co. Ltd. has acquired an 11.65% stake in Malaysian investment holding company N2N Connect Bhd.
The acquisition aims to facilitate collaboration between the two companies in order to develop alternative trading systems for Asia. The companies plan on working with local regulators in Japan, Malaysia, Hong Kong, Macau, Vietnam, Indonesia, Philippines, Singapore and Thailand to potentially set up the alternative trading systems.
SBI Japannext operates a proprietary trading system and handles securities listed on the primary exchanges of Japan.