Tradeweb Markets Inc. and Tokyo Stock Exchange (TSE) 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.

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. The collaboration with TSE builds on Tradeweb?s 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.