Tradeweb Markets Inc. and the Tokyo Stock Exchange (TSE) have formed a strategic partnership to boost institutional access to liquidity in Japanese exchange-traded funds (ETFs). The collaboration introduces a direct link between Tradeweb’s platform and TSE’s CONNEQTOR request-for-quote (RFQ) platform, enabling Tradeweb buy-side clients to access CONNEQTOR’s liquidity providers when executing Japan-listed ETF trades. The new connection was inaugurated with a transaction by Global X Japan.
Tradeweb’s integration with CONNEQTOR allows clients to seek quotes from a broad network of market makers via the Tradeweb interface, ensuring they receive the most competitive pricing. Clients can leverage Tradeweb’s AiEX tool for automated execution and benefit from TSE’s post-trade infrastructure, further enhancing transaction efficiency. This partnership builds on Tradeweb’s established multi-region ETF trading capabilities, as Tradeweb reported a significant 30% year-over-year increase in Asia clients’ ETF transaction volumes.
Enrico Bruni, Head of Europe and Asia Business at Tradeweb, commented: “This exciting collaboration between Tradeweb and TSE’s CONNEQTOR platform demonstrates our focus on linking liquidity pools for the benefit of institutional investors looking to transfer risk with a higher degree of certainty. We are in the business of enhancing clients’ execution experience, and we look forward to bringing more time and cost efficiencies to investors trading Japanese ETFs, both locally and globally.”
Moriyuki Iwanaga, President of Tokyo Stock Exchange, added: “CONNEQTOR has been developed as a platform to enable investors to trade ETFs “faster and cheaper”. We 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. TSE will continue to strive to provide and develop a highly convenient market environment, where investors can enjoy better prices and smoother execution.”
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