Tradeweb collaborates with Tokyo Stock Exchange
11 November 2024 Japan
Image: basain/stock.adobe.com
Tradeweb Markets has collaborated with the Tokyo Stock Exchange (TSE) to offer institutional investors easier access to Japanese exchange-traded funds (ETFs).
When launching a trade enquiry on the Tradeweb Japan-listed ETF marketplace, buy side clients will be able to include liquidity providers from CONNEQTOR, TSE鈥檚 request-for-quote platform, through a new direct link.
Launched in 2021, CONNEQTOR aims to improve the speed of ETF trading in Japan by allowing investors to trade at real-time best price quoted while reducing transaction costs and improving operational efficiency.
Moriyuki Iwanaga, president of Tokyo Stock Exchange, says: 鈥淲e hope that the new connection with Tradeweb will promote investment in the Japanese market by allowing investors outside Japan, who have had difficulty using CONNEQTOR, to easily access ETFs listed on the Tokyo Stock Exchange from overseas.鈥�
Clients can benefit from Tradeweb鈥檚 rules-based automated execution tool, AiEX, and the post-trade infrastructure of TSE, where transactions with CONNEQTOR market makers will be cleared and settled.
鈥淭radeweb and CONNEQTOR have responded to the needs of institutional investors in bringing greater connectivity and flexibility, as well as straight-through-processing improvements to Japanese ETF trading,鈥� says Jooyoung Yun, chief information officer of Global X Japan, which has executed the first transaction using this new connectivity.
When launching a trade enquiry on the Tradeweb Japan-listed ETF marketplace, buy side clients will be able to include liquidity providers from CONNEQTOR, TSE鈥檚 request-for-quote platform, through a new direct link.
Launched in 2021, CONNEQTOR aims to improve the speed of ETF trading in Japan by allowing investors to trade at real-time best price quoted while reducing transaction costs and improving operational efficiency.
Moriyuki Iwanaga, president of Tokyo Stock Exchange, says: 鈥淲e hope that the new connection with Tradeweb will promote investment in the Japanese market by allowing investors outside Japan, who have had difficulty using CONNEQTOR, to easily access ETFs listed on the Tokyo Stock Exchange from overseas.鈥�
Clients can benefit from Tradeweb鈥檚 rules-based automated execution tool, AiEX, and the post-trade infrastructure of TSE, where transactions with CONNEQTOR market makers will be cleared and settled.
鈥淭radeweb and CONNEQTOR have responded to the needs of institutional investors in bringing greater connectivity and flexibility, as well as straight-through-processing improvements to Japanese ETF trading,鈥� says Jooyoung Yun, chief information officer of Global X Japan, which has executed the first transaction using this new connectivity.
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