The Australian Securities Exchange (ASX) has partnered with the Tokyo Stock Exchange (TSE) and Fujitsu to deliver a SaaS request for quote (RFQ) platform for Australia’s ETF market.
Through the collaboration, a memorandum of understanding (MOU) has been signed, and Fujitsu is set to develop the platform based on TSE’s CONNEQTOR system which has assisted more than 290 users in reducing costs and enhancing ETF trading operation efficiency since its launch in February 2021.
The offering is expected to bring innovation in electronic trading and support the development of the Australian ETF market.
Andrew Walton, general manager, trading at ASX said: “With the ability to increase liquidity and price discovery, ASX sees the potential to support the development of this market segment and its participants. We will be engaging extensively with the Australian industry to gather feedback to assess the feasibility of launching this platform in the first half of 2026.”
Fujitsu has also said that the offering is set to pave the way for further expansion of its RFQ platform to other exchanges in the future.
Masaru Yagi, corporate executive officer, SEVP, Fujitsu Limited said: “Leveraging our deep experience in building and maintaining financial infrastructure with cutting-edge technology, we’re confident that our strong partnership with the Tokyo Stock Exchange will unlock even greater value for the ASX and its global customers.”
The offering follows further developments for the Australian markets and ASX in recent months. In May 2022, the exchange partnered with technology provider Beeks Financial Cloud Group to provide clients with colocation infrastructure to connect to the Australian Liquidity Centre (ALC).