In a significant move, Fujitsu Ltd. has joined hands with the Australian Securities Exchange (ASX) and the Tokyo Stock Exchange, Inc. to develop a cutting-edge SaaS-based Request for Quote (RFQ) platform. This platform, based on TSE’s CONNEQTOR system, aims to revolutionize ETF pricing in Australia, bringing in enhanced efficiency and cost savings to the market.
The collaboration between Fujitsu, ASX, and TSE signifies a strategic effort to introduce a modernized RFQ platform to the Australian market. By leveraging the success of CONNEQTOR in the Asian market, the new platform is poised to streamline ETF trading operations and drive liquidity in the Australian financial landscape.
ASX’s General Manager, Trading, Andrew Walton, has expressed enthusiasm for the partnership, highlighting the platform’s potential to boost liquidity and price discovery, ultimately benefiting market participants. The introduction of the Fujitsu RFQ platform is projected to mark a significant milestone in the Australian financial sector, with plans to launch it by the first half of 2026.
From the Tokyo Stock Exchange’s perspective, Satoshi Takura, Senior Executive Officer, views the collaboration as a step towards providing global ETF market functions through innovative technological solutions. This initiative is expected to enhance market diversity and international competitiveness, fostering growth and development in the ETF segment.
Commenting on the partnership, Masaru Yagi, Corporate Executive Officer at Fujitsu Limited, emphasized the company’s commitment to delivering value to ASX through advanced technology solutions. With a strong foundation in financial infrastructure development, Fujitsu aims to unlock new opportunities for ASX and its global clientele, showcasing the potential for transformative growth in the Australian financial market.
As part of their long-term vision, Fujitsu and TSE plan to expand the RFQ platform to other global exchanges, paving the way for enhanced collaboration and technological innovation in the ETF trading space. This expansion strategy underscores the commitment of both companies to driving global market development and fostering cross-border partnerships.
ASX, known for its integrated exchange services, plays a pivotal role in Australia’s financial markets, offering a range of services from listings to post-trade operations. The collaboration with Fujitsu and TSE aligns with ASX’s commitment to driving technological advancements and enhancing market efficiency, positioning the exchange as a leader in the evolving financial landscape.
On the other hand, Tokyo Stock Exchange, a key player in the Japanese financial market, boasts a significant market capitalization, making it a central hub for securities trading in Asia. By partnering with Fujitsu and ASX, TSE aims to bring its expertise in RFQ platforms to global markets, contributing to the growth and innovation of the ETF sector.
Fujitsu, with its focus on sustainability and innovation, is dedicated to leveraging technology to address global challenges. By integrating AI, computing, networks, data security, and converging technologies, Fujitsu aims to drive sustainability transformations and deliver impactful solutions to customers worldwide.
Overall, the collaboration between Fujitsu, ASX, and TSE signifies a concerted effort to introduce advanced technology solutions to the Australian financial market, with far-reaching implications for market efficiency, liquidity, and global competitiveness. The development of the Fujitsu RFQ platform heralds a new era of innovation and growth in the ETF trading landscape, setting the stage for enhanced collaboration and market expansion.
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