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BTIG, the global financial services firm, has begun offering clients access to the Tokyo Stock Exchange’s (TSE) CONNEQTOR platform, marking the first time a non-domestic brokerage has joined the system.
Launched in February 2021, CONNEQTOR is a Request for Quote (RFQ) platform designed to improve liquidity in Japan’s exchange-traded fund (ETF) market.
It enables investors to request quotes from multiple market makers simultaneously at no additional cost, supporting faster and more cost-efficient execution of trades.
Through BTIG, institutional investors and financial institutions trading TSE-listed ETFs will now be able to directly access the platform’s liquidity.
The exchange said the development reflects its commitment to creating a highly efficient market environment for ETF investors.
Samuel Leung, Chief Strategy Officer for BTIG APAC, said: “As a firm serving global financial institutions and institutional investors, BTIG supports clients in trading TSE-listed ETFs.
“With growing interest in the Japanese market, we have started offering access to CONNEQTOR to improve trading convenience and provide a better execution environment for our clients. BTIG is honoured to be the first non-Japan domestic brokerage house offering the CONNEQTOR services to our client base across the regions.”
Naoki Isomoto, Executive Officer at the Tokyo Stock Exchange, added: “We developed CONNEQTOR to help investors trade ETFs ‘faster and cheaper.’ We are delighted that BTIG has begun offering access, allowing its clients to trade TSE-listed ETFs faster and cheaper.”
TSE said it hopes the move will help expand global investment in Japanese ETFs.
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