This direct connection will enable asset management companies, such as Sumitomo Mitsui DS Asset Management Co., Ltd., to use CONNEQTOR directly from Xilix, providing more advanced and efficient processes.

“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, 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.”

“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, 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.”

Broadridge’s EMS solution empowers firms to navigate these challenges successfully by allowing Request For Quote (RFQ) functionality that enables institutional investors who want to trade a particular ETF at a particular quantity to send out a request for a quote to a large number of market makers.