Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator
of electronic marketplaces for rates, credit, equities and money
markets, and Tokyo Stock Exchange (TSE), one of the largest stock
exchanges in the world, today announced their collaboration to
offer institutional investors enhanced access to liquidity in
Japanese exchange-traded funds (ETFs). The launch of a new direct
link between Tradeweb and TSE’s request-for-quote (RFQ) platform,
CONNEQTOR, allows Tradeweb buy-side clients to include CONNEQTOR
liquidity providers when launching a trade enquiry on the Tradeweb
Japan-listed ETF marketplace. Global X Japan executed the first
transaction using this new connectivity.
Enrico Bruni, Head of Europe and Asia Business at Tradeweb,
said: “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, 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 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.”
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 Asia, Europe and
U.S.-listed ETFs, while benefitting from multi-dealer liquidity,
greater pre-trade transparency and competitive pricing. Clients can
also leverage Tradeweb’s new generation of automated trading via
its AiEX tool, as well as advanced functions such as time release.
Tradeweb is a global leader in ETF RFQ execution, revolutionising
trading in this asset class since the launch of its first ETF
platform in Europe in 2012, in the U.S. in 2016, and in Asia in
2018. Between Q1 and Q3 2024, Tradeweb reported global ETF trading
volumes exceeding USD 1 trillion. Over the same period,
institutional ETF volumes transacted by Asia clients on Tradeweb’s
RFQ marketplace increased by 30% year-over-year.
Since its launch in February 2021, CONNEQTOR has aimed to
improve the speed of ETF trading in Japan, allowing investors to
trade at real-time best price quoted, while reducing transaction
costs and improving operational efficiency. CONNEQTOR is used by
more than 250 institutional investors, and they can trade ETFs by
requesting simultaneous quotes from market makers around the world,
without having counterparty risks. Its monthly trading value
reached a record high of JPY 295.5 billion (USD 1.93 billion), and
an average daily trading value of JPY 13.4 billion (USD 87
million), a 97% increase over the previous year in July 2024.
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 Japan, which is
engaged in the provision of market facilities for trading of
securities, publication of stock prices and quotations, ensuring
fair trading of securities and other financial instruments. As one
of the leading exchanges not only in the Asian region but also in
the world, the recent average daily trading value of the TSE prime
market has exceeded approximately 5 trillion JPY. Its ETF market
also boasts high liquidity, with average trading value exceeding
349 billion JPY. In the course of working together as an exchange
group, JPX offers a comprehensive range of services including Index
Service, Derivatives, Commodity, and Clearing House. Website
(https://www.jpx.co.jp/english/)
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 $1.9 trillion
in notional value traded per day over the past four fiscal
quarters. For more information, please go to www.tradeweb.com.
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.
Any forward-looking statement that we make in this release
speaks only as of the date of such statement. Except as required by
law, we do not undertake any obligation to update or revise, or to
publicly announce any update or revision to, any of the
forward-looking statements, whether as a result of new information,
future events or otherwise, after the date of this release.
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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
Tradeweb Markets (NASDAQ:TW)
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부터 10월(10) 2024 으로 11월(11) 2024
Tradeweb Markets (NASDAQ:TW)
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