TSE’s CONNEQTOR Platform Hits Record in Monthly ETF Trades
The Tokyo Stock Exchange said trading activity on its CONNEQTOR platform reached a record JPY 506.9 billion in January, the highest monthly total since the request-for-quote service launched in 2021.
Average daily trading value rose to JPY 26.6 billion, a 250% increase on the year, reflecting rapid growth in usage beyond traditional investor clients.
TSE said more than 310 investors used the service at the end of January, supported by rising participation from market makers, securities firms, overseas investors and even non-financial domestic institutions such as universities.
The platform, which marks its fifth anniversary in February, was designed to improve ETF liquidity by enabling participants to request competitive quotes from 11 market makers and execute trades through 22 brokers.
Increased integration with order and execution management systems used by asset managers, as well as connectivity to Tradeweb, has also contributed to rising activity.
CONNEQTOR is increasingly seen as an essential execution tool for institutional investors in Japan’s expanding ETF market, the exchange said.
TSE added that it would continue to enhance the service to support the country’s ambitions to strengthen its asset-management ecosystem and further develop the domestic ETF market.
