Top-tier brokerages in Japan have already snapped up “virtually” all the so-called co-location space the Tokyo Stock Exchange has made available at its data centre, as participants prepare for a new era of trading in one of the world’s largest stock exchanges.

The introduction of co-location – which is when brokerages physically place their servers as close as metres away from an exchange’s matching engine to shave time off executing trades – will be introduced alongside the TSE’s highly anticipated new platform in January.