Tradeweb Expands Horizons With TSE Partnership, Boosting Access To Japanese ETFs

Tradeweb Markets Inc. TW partnered with the Tokyo Stock Exchange (TSE) to improve institutional investor access to liquidity in Japanese ETFs.

This collaboration introduces a direct link between Tradeweb and TSE’s RFQ platform, CONNEQTOR, allowing Tradeweb buy-side clients to connect with CONNEQTOR liquidity providers when initiating trade inquiries in Japan-listed ETFs.

The first transaction using this connectivity was completed by Global X Japan. Tradeweb’s collaboration with TSE expands its ETF platform, enabling buy-side traders to access Asia, Europe, and U.S.-listed ETFs with multi-dealer liquidity and enhanced pricing.

Leveraging Tradeweb’s AiEX automated trading and advanced features, global ETF trading surpassed $1 trillion from the first to the third quarter of 2024, with Asia client volumes up 30% year over year.

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.”

Moriyuki Iwanaga, President of Tokyo Stock Exchange, added, “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.”

In October, Tradeweb reported third-quarter adjusted EPS of 75 cents, missing the 76 cents estimate, and sales of $448.92 million fell short of the $449.49 million estimate.

This month, Tradeweb reported total trading volume of $54.7 trillion for October 2024, with an average daily volume of $2.3 trillion.

Investors can gain exposure to the stock via Neuberger Berman ETF Trust Neuberger Berman Disrupters ETF NBDS and Listed Funds Trust Horizon Kinetics Blockchain Development ETF BCDF.

Price Action: TW shares are down 0.70% at $131.00 premarket at the last check Monday.

Image via Pexels

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