Tradeweb and Tokyo Stock Exchange Collaborate to Expand Liquidity in Japanese ETFs
Tradeweb Markets (Nasdaq: TW) and Tokyo Stock Exchange (TSE) announced a collaboration to enhance institutional investors' access to Japanese ETF liquidity. The partnership creates a direct link between Tradeweb and TSE's CONNEQTOR platform, allowing buy-side clients to access CONNEQTOR's liquidity providers through Tradeweb's Japan-listed ETF marketplace. Global X Japan executed the first transaction using this new connectivity.
The integration enables clients to submit orders to CONNEQTOR's market makers alongside Tradeweb's network while maintaining access to Tradeweb's automated execution tools and TSE's post-trade infrastructure. Between Q1-Q3 2024, Tradeweb reported global ETF trading volumes over USD 1 trillion, with Asian institutional ETF volumes up 30% year-over-year.
Tradeweb Markets (Nasdaq: TW) e Tokyo Stock Exchange (TSE) hanno annunciato una collaborazione per migliorare l'accesso degli investitori istituzionali alla liquidità degli ETF giapponesi. Questa partnership crea un collegamento diretto tra Tradeweb e la piattaforma CONNEQTOR di TSE, consentendo ai clienti buy-side di accedere ai fornitori di liquidità di CONNEQTOR attraverso il marketplace ETF di Tradeweb quotato in Giappone. Global X Japan ha effettuato la prima transazione utilizzando questa nuova connettività.
L'integrazione consente ai clienti di inviare ordini ai market maker di CONNEQTOR accanto alla rete di Tradeweb, mantenendo l'accesso agli strumenti di esecuzione automatizzata di Tradeweb e all'infrastruttura post-trade di TSE. Tra il Q1 e il Q3 del 2024, Tradeweb ha riportato volumi di trading globali degli ETF superiori a 1 trilione di USD, con volumi degli ETF istituzionali asiatici in aumento del 30% rispetto all'anno precedente.
Tradeweb Markets (Nasdaq: TW) y Tokyo Stock Exchange (TSE) anunciaron una colaboración para mejorar el acceso de los inversores institucionales a la liquidez de los ETF japoneses. Esta asociación crea un enlace directo entre Tradeweb y la plataforma CONNEQTOR de TSE, permitiendo a los clientes buy-side acceder a los proveedores de liquidez de CONNEQTOR a través del mercado de ETF de Tradeweb listado en Japón. Global X Japan ejecutó la primera transacción utilizando esta nueva conectividad.
La integración permite a los clientes enviar órdenes a los creadores de mercado de CONNEQTOR junto a la red de Tradeweb, manteniendo el acceso a las herramientas de ejecución automatizada de Tradeweb y a la infraestructura post-negociación de TSE. Entre el Q1 y el Q3 de 2024, Tradeweb reportó volúmenes de negociación globales de ETF por más de 1 billón de USD, con un aumento del 30% interanual en los volúmenes de ETF institucionales asiáticos.
Tradeweb Markets (Nasdaq: TW)와 도쿄 증권 거래소 (TSE)는 기관 투자자들의 일본 ETF 유동성 접근을 개선하기 위한 협력을 발표했습니다. 이 파트너십은 Tradeweb과 TSE의 CONNEQTOR 플랫폼 간에 직접적인 연결 고리를 만들어, 매수 측 고객이 Tradeweb의 일본 상장 ETF 마켓플레이스를 통해 CONNEQTOR의 유동성 공급자에 접근할 수 있게 합니다. Global X Japan이 이 새로운 연결성을 사용하여 첫 번째 거래를 실행했습니다.
이번 통합을 통해 고객은 Tradeweb 네트워크와 함께 CONNEQTOR의 시장 조성자에게 주문을 제출할 수 있으며, Tradeweb의 자동 실행 도구 및 TSE의 거래 후 인프라에 대한 접근을 유지할 수 있습니다. 2024년 Q1에서 Q3 사이에 Tradeweb은 글로벌 ETF 거래량이 1조 달러를 초과했다고 보고했으며, 아시아 기관 ETF 거래량이 전년 대비 30% 증가했습니다.
Tradeweb Markets (Nasdaq: TW) et Tokyo Stock Exchange (TSE) ont annoncé une collaboration pour améliorer l'accès des investisseurs institutionnels à la liquidité des ETF japonais. Ce partenariat crée un lien direct entre Tradeweb et la plateforme CONNEQTOR de la TSE, permettant aux clients buy-side d'accéder aux fournisseurs de liquidité de CONNEQTOR via le marché des ETF de Tradeweb coté au Japon. Global X Japan a exécuté la première transaction en utilisant cette nouvelle connectivité.
L'intégration permet aux clients de soumettre des ordres aux teneurs de marché de CONNEQTOR tout en maintenant l'accès aux outils d'exécution automatisée de Tradeweb et à l'infrastructure post-négociation de la TSE. Entre le Q1 et le Q3 de 2024, Tradeweb a rapporté des volumes de négociation d'ETF mondiaux dépassant 1 trillion USD, avec des volumes d'ETF institutionnels asiatiques en hausse de 30% par rapport à l'année précédente.
Tradeweb Markets (Nasdaq: TW) und Tokyo Stock Exchange (TSE) haben eine Zusammenarbeit angekündigt, um institutionellen Anlegern den Zugang zur Liquidität von japanischen ETFs zu erleichtern. Die Partnerschaft schafft eine direkte Verbindung zwischen Tradeweb und der CONNEQTOR-Plattform der TSE, wodurch Buy-Side-Kunden die Möglichkeit gegeben wird, über Tradewebs in Japan aufgeführten ETF-Marktplatz auf die Liquiditätsanbieter von CONNEQTOR zuzugreifen. Global X Japan hat die erste Transaktion unter Verwendung dieser neuen Konnektivität durchgeführt.
Die Integration ermöglicht es den Kunden, Aufträge an die Market Maker von CONNEQTOR neben Tradewebs Netzwerk zu übermitteln und gleichzeitig den Zugang zu Tradewebs automatisierten Ausführungswerkzeugen und TSEs Nachhandelsinfrastruktur zu behalten. Von Q1 bis Q3 2024 berichtete Tradeweb von weltweiten ETF-Handelsvolumina von über 1 Billion USD, wobei das Handelsvolumen institutioneller ETFs in Asien im Vergleich zum Vorjahr um 30% gestiegen ist.
- Direct link with TSE's CONNEQTOR platform expands access to Japanese ETF liquidity
- Global ETF trading volumes exceeded USD 1 trillion in Q1-Q3 2024
- Asian institutional ETF volumes increased 30% year-over-year
- CONNEQTOR's monthly trading value reached record JPY 295.5 billion (USD 1.93 billion)
- CONNEQTOR's average daily trading value increased 97% year-over-year to JPY 13.4 billion
- None.
Insights
This strategic collaboration between Tradeweb and TSE represents a significant advancement in global ETF trading infrastructure. The direct link to CONNEQTOR expands Tradeweb's liquidity pool and creates a more efficient trading ecosystem for institutional investors. The
Key benefits include enhanced price discovery, reduced transaction costs and improved operational efficiency through automated execution capabilities. The integration addresses a important gap in cross-border ETF trading, particularly beneficial for international investors seeking exposure to Japanese markets. CONNEQTOR's impressive growth, reaching
The technological integration between Tradeweb and CONNEQTOR represents a significant advancement in electronic trading infrastructure. The implementation of rules-based automated execution through AiEX, combined with TSE's post-trade infrastructure, creates a seamless end-to-end trading solution. This reduces operational friction and enables more efficient price discovery across multiple liquidity providers.
The platform's ability to aggregate quotes from both Tradeweb's network and CONNEQTOR's market makers enhances price competition and market depth. The straight-through-processing improvements and automated features position Tradeweb favorably in the competitive electronic trading landscape, particularly in the growing Asian ETF market.
Enrico Bruni, Head of
Moriyuki Iwanaga, President of Tokyo Stock Exchange, said: “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
With Tradeweb’s direct link to CONNEQTOR, clients can submit orders from the Tradeweb user interface to CONNEQTOR’s list of market makers – in addition to Tradeweb’s network of liquidity providers – and receive the best two-way quote back. Clients will continue to benefit from innovative functionality, such as Tradeweb’s rules-based automated execution tool, AiEX, and the post-trade infrastructure of TSE, where transactions with CONNEQTOR market makers will be cleared and settled.
Jooyoung Yun, CIO of Global X Japan, said: “We are very supportive of new initiatives that facilitate greater access to the Japanese ETF market. Tradeweb 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.”
The collaboration with TSE builds on Tradeweb’s award-winning offering that allows buy-side traders to transact
Since its launch in February 2021, CONNEQTOR has aimed to improve the speed of ETF trading in
About Tokyo Stock Exchange, Inc. (TSE)
Tokyo Stock Exchange, Inc. (TSE) is a subsidiary of Japan Exchange Group (JPX) and licensed financial instruments exchange in
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About Tradeweb Markets
Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients in the institutional, wholesale, retail and corporates markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 2,800 clients in more than 70 countries. On average, Tradeweb facilitated more than
Forward-Looking Statements:
This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements.
We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. In particular, preliminary average variable fees per million dollars of volume traded are subject to the completion of management’s final review and our other financial closing procedures and therefore are subject to change. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future performance and our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of results or developments in future periods.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20241110992764/en/
Media contacts:
Angeliki Kallipoliti, Tradeweb, +44 7824 327073, Angeliki.Kallipoliti@Tradeweb.com
Eloise Doolan, Tradeweb, +44 7917 266 191, Eloise.Doolan@Tradeweb.com
Equities Department, Tokyo Stock Exchange, Inc., +81-3-3666-0141, ask-conneqtor@jpx.co.jp
Investor contacts:
Ashley Serrao, Tradeweb, +1 646 430 6027, Ashley.Serrao@Tradeweb.com
Sameer Murukutla, Tradeweb, +1 646 767 4864, Sameer.Murukutla@Tradeweb.com
Source: Tradeweb Markets Inc.
FAQ
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