Japan's Last High-Speed Trading Firm Vanishes to Singapore

Dharmacapital Co., Japan's sole registered high-frequency trading operation, has relocated its entire staff to Singapore. The company had maintained operational ties to both cities prior to the full move and now holds a new entity in Singapore, DHARMACAPITAL PTE. LTD.

The firm's departure from Tokyo means that there are no locally operating high-speed trading firms left in the city, which is home to the world's fifth-largest stock exchange by market capitalization.

Dharmacapital holds a unique position in Japan's financial ecosystem as it serves as a designated market maker across major Japanese exchanges. It provides continuous liquidity that keeps bid-ask spreads tight and markets functioning smoothly.