Tora Trading, a provider of agency brokerage services and trading technology to the Asian markets, has linked its TORA Compass trading platform to the Tradeweb Routing Network (TRN).
The link to TRN, a FIX-based messaging network provided by trading platform and technology firm Tradeweb, will give Tora’s buy-side clients access to over 650 trading destinations, primarily in North America and Europe.
“We are delighted to be connecting to the Tradeweb Routing Network. Its global prominence complements our deep coverage across Asia and provides TORA Compass clients with increased broker connectivity in North America and Europe,” said Robert Dykes, CEO of Tora, in a statement.
According to Tora, 25% of all electronic trading on the Tokyo Stock Exchange is processed each month through TORA Compass. TRN currently trades over 1.6 million shares daily.
“Tora is an excellent addition to the Tradeweb Routing Network,” added Jim Fiesel, managing director for Tradeweb’s equities business. “Their market leadership in Asia, sophisticated algorithmic trading strategies and deep liquidity attract an impressive user base that further enhances the world-wide TRN trading community.”
Tradeweb is owned by Thomson Reuters and ten leading global dealers: Barclays, Bank of America Merrill Lynch, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, J.P. Morgan, Morgan Stanley, The Royal Bank of Scotland and UBS.