Tradeweb and Tokyo Stock Exchange Boost Liquidity Access for Japanese ETFs
- Tradeweb Markets and the Tokyo Stock Exchange (TSE) have launched a direct connection to improve access to liquidity for investors in Japanese exchange-traded funds (ETFs).
- Enrico Bruni, Head of Europe and Asia Business at Tradeweb, emphasized the importance of this collaboration, saying it helps institutional investors manage risk more effectively.
- The connection allows Tradeweb users to send orders through its platform to TSE market makers.
Tradeweb Partners with Tokyo Stock Exchange for Japanese ETFs
Tradeweb Markets and the Tokyo Stock Exchange (TSE) have launched a direct connection to improve access to liquidity for investors in Japanese exchange-traded funds (ETFs). This new link enables Tradeweb’s clients to access liquidity providers on TSE’s request-for-quote (RFQ) platform, known as CONNEQTOR.
Global X Japan completed the first transaction using this connection.
Enrico Bruni, Head of Europe and Asia Business at Tradeweb, emphasized the importance of this collaboration, saying it helps institutional investors manage risk more effectively. He believes this partnership will enhance the experience for clients trading Japanese ETFs by improving efficiency and reducing costs.
The connection allows Tradeweb users to send orders through its platform to TSE market makers. Clients will receive competitive two-way quotes and can utilize Tradeweb’s automated execution tool, AiEX. Trades will be cleared and settled through TSE’s infrastructure.
Faster and Cheaper ETF Trading
The CONNEQTOR platform aims to enable faster and more cost-effective ETF trading. The integration with Tradeweb will make it easier for international investors to access ETFs listed on the Tokyo Stock Exchange, which has been challenging in the past. TSE is committed to providing a better trading experience for investors.
Jooyoung Yun, CIO of Global X in Japan, expressed support for this initiative, highlighting the enhanced connectivity and improved processing for institutional investors trading Japanese ETFs.
Tradeweb’s partnership with TSE extends its award-winning services, which already include access to Asia, Europe, and U.S.-listed ETFs. Institutional traders can enjoy improved transparency and competitive pricing. They can also access advanced automated trading features through the AiEX tool.
Leader in ETF RFQ Execution
Tradeweb has been a leader in ETF RFQ execution since launching its first platform in Europe in 2012, followed by expansions in the U.S. and Asia. From Q1 to Q3 2024, Tradeweb reported global ETF trading volumes exceeding USD 1 trillion. In Asia, institutional ETF volumes increased by 30% year-over-year on Tradeweb’s marketplace.
Since its launch in February 2021, CONNEQTOR has focused on enhancing ETF trading speed in Japan, ensuring investors can trade at the best real-time prices while reducing costs and improving efficiency.