Mitsubishi UFJ Financial Group is making a major effort to modernize its electronic trading capabilities, while maintaining outdated voting methods for Japanese government bond (JGB) traders.
That’s according to Stu Taylor, who led the expansion of the electronic trading team at Japan’s largest bank to more than 50 people worldwide.
“We’ve been late to the e-trading party,” Taylor, the bank’s head of electronic trading, said in an interview. “Japan has been and continues to be a very relationship-based market, but against a backdrop of data, compliance and efficiency, which has slowly collapsed.”
