Virtu Financial, Inc. (NASDAQ:VIRT) today announced that Virtu’s Triton Valor execution management system (EMS) has established direct connectivity to CONNEQTOR, Tokyo Stock Exchange’s (TSE) platform for trading exchange traded funds (ETFs).
Triton is a global, multi-asset execution management system for trading equities, ETFs, futures, options, FX and fixed income across more than 700 brokers and venues for all types of flow–Care, PT, DMA, Algos, RFS and RFQs. Triton is designed around the needs of today’s active trader and provides technology to assist traders in achieving their objectives throughout the lifecycle of a trade.
The Tokyo Stock Exchange developed its CONNEQTOR RFQ platform as an extension of its ETF offering to allow investors to trade large-scale transactions that were difficult to complete in the auction sessions.
Steve Cavoli, Global Head of Execution Services at Virtu Financial, commented:
“A growing number of clients trading Japanese ETFs rely on Virtu’s global, broker neutral, multi-asset EMS for liquidity sourcing, execution analytics, and workflow solutions for their trading desks. We added TSE’s CONNEQTOR protocol in response to our clients’ requests for access to new, innovative liquidity sources for their ETF trading.”
“CONNEQTOR was developed as a platform for investors, which will allow institutional investors to trade ETFs faster and more efficiently. Connection with Virtu’s Triton EMS allows more investors to access real-time and deep ETF liquidity,” said Hiroki Kawai, Senior Executive Officer, TSE.
