TOKYO -- Currency traders in the Japanese capital have been operating at a disadvantage for years now, with their automated systems receiving crucial information 0.1 or 0.2 of a second after the very same data is available in New York.

In 2022, Electronic Broking System pulled its price generation servers out of Tokyo, citing the market's dwindling importance. (Illustration by Hiroko Aida)
Delayed price data leads to rising costs in Japan's foreign exchange market