Broadridge connects EMS to Tokyo Stock Exchange’s ETF trading platform
The direct connection is expected to enhance the trading experience for institutional investors by streamlining workflows and offering better pricing options. Broadridge’s Xilix platform is equipped with Request For Quote (RFQ) functionality, enabling institutional investors to efficiently solicit quotes from a wide array of market makers for specific ETF quantities.
Tokyo Stock Exchange and Broadridge have announced a direct connection between CONNEQTOR, TSE’s ETF trading platform, and Xilix, Broadridge’s Execution Management System (EMS).
This integrated solution aims to offer asset management companies, including firms like Sumitomo Mitsui DS Asset Management Co., Ltd., advanced and efficient processes for trading exchange-traded funds (ETFs).
Streamlining workflows and offering better pricing options
“CONNEQTOR was developed as a platform to enable investors to trade ETFs ‘faster and better priced,’ and this launch of a direct connection with Xilix, Broadridge’s EMS, will allow institutional investors to trade with even greater convenience,” said Hiroki Kawai, Senior Executive Officer at TSE. “We will continue our efforts to further develop an even more highly convenient market environment that enables smoother execution and better pricing for investors.”
The direct connection is expected to enhance the trading experience for institutional investors by streamlining workflows and offering better pricing options. Broadridge’s Xilix platform is equipped with Request For Quote (RFQ) functionality, enabling institutional investors to efficiently solicit quotes from a wide array of market makers for specific ETF quantities.
“We are thrilled to strengthen our partnership with Tokyo Stock Exchange and jointly deliver our Xilix platform for trading ETFs using CONNEQTOR,” said Raymond Tierney, President of Broadridge Trading and Connectivity Solutions. “In today’s complex global markets, businesses require solutions that enable automated workflow, capture growth opportunities, integrate seamlessly with internal and external systems, meet regulatory obligations, and streamline operations, and we will continue our efforts to solve the issues faced by institutional investors.”
The partnership comes at a time when the ETF market is seeing significant growth and increased demand for more sophisticated trading solutions. By combining the capabilities of CONNEQTOR and Xilix, TSE and Broadridge are not only enhancing the user experience but also addressing the complexities that institutional investors encounter in today’s fast-paced trading environment. This development signals a concerted effort to elevate the quality of market infrastructure and highlights the increasing role of technology in shaping the future of financial markets.
