| Demo environment Release date | Production environment Release date | What’s new | Functions and necessary procedures | Target | ||
|---|---|---|---|---|---|---|
| Investors | Market makers | Brokers | ||||
| 2024.9.17 | 2024.9.24 | The estimated amount can now be displayed on the screen of the supervisor using the approval function. | ・The estimated amount is now displayed on the screen of the supervisor who is using the approval function. ・This allows the estimated amount to be known when sending RFQs with a specified number of units. | ● | ||
| 2024.3.18 | 2024.3.25 | It is now more difficult to perform unintended operations when setting transaction prices. | ・The “Execute Transaction” button and other buttons cannot be clicked while setting a transaction price. ・This will prevent unintentional button presses and other mishandling when setting transaction prices. | ● | ● (Brokers trading on behalf of investors) |
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| 2024.3.18 | 2024.3.25 | CSV files containing Japanese characters can now be downloaded. | ・CSV files containing Japanese characters can now be downloaded. ・This will allow users to download CSV files uploaded by users even if they include Japanese characters in the file name. | ● | ||
| 2024.2.13 | 2024.2.19 | The maximum amount has been set in the RFQ that can be sent for the request. | ・In order to prevent erroneous orders, the maximum amount of RFQs that can be sent has been set at 25 billion yen. ・As a result, investors will no longer be able to trade in amounts exceeding 25 billion yen. | ● | ● (Brokers trading on behalf of investors) |
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| 2024.1.15 | 2024.2.19 | The maximum time market makers can take to approve a trade will be reduced. | ・The time taken for market makers to approve a trade after an investor presses “Execute Trade” will be reduced to a maximum of 20 seconds. ・This will allow investors to confirm whether or not a trade has been executed more quickly. | ● | ● | ● (Brokers trading on behalf of investors) |
| 2023.11.20 | 2023.11.27 | Investors can check the price of Japanese equity ETFs by futures comparision. | ・Investors can check the price of Japanese equity ETFs by futures comparision. ・This allows investors to check futures comparison of ETFs they wish to trade and decide whether or not to trade them. | ● | ● (Brokers trading on behalf of investors) |
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| 2023.8.28 | 2023.9.21 | Investors can now send RFQs from Xilix, which is an EMS provided by Broadridge. | ・Investors(Xilix users) can send order data entered into Xilix directly to CONNEQTOR, which can then send it to multiple market makers as RFQ. ・This allows investors (Xilix users) to compare prices quoted by market makers and trade at the best price. | ● | ||
| 2023.8.21 | 2023.8.28 | Investors can check the iNAV distributed by Solactive AG. | ・Investors can check the iNAV distributed by Solactive AG on the “RFQ” screen, in addition to by ICE Data Service and S&P Global. ・This allows investors to check iNAV on more ETFs. | ● | ● (Brokers trading on behalf of investors) |
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| The operation when deleting RFQ cards in multiple RFQs screen will be improved. | ・The operation when deleting RFQ cards in multiple RFQs screen will be improved. | ● | ● (Brokers trading on behalf of investors) |
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| Market makers can send both Bid and Offer simultaneously in one message. | ・Investors can check the iNAV distributed by S&P Globa on the “RFQ” screen, in addition to by ICE Data Service. ・This allows investors to check iNAV on more ETFs. | ● | ||||
| 2023.7.24 | 2023.7.31 | Investors can check the iNAV distributed by S&P Global. | ・Investors can check the iNAV distributed by S&P Globa on the “RFQ” screen, in addition to by ICE Data Service. ・This allows investors to check iNAV on more ETFs. | ● | ● (Brokers trading on behalf of investors) |
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| 2023.7.18 | 2023.7.24 | Investors can check the ETF's accounting date. | ・Investors can check the ETF's accounting date. ・Investors can send RFQ while confirming the accounting date of the ETF they are trading. | ● | ● (Brokers trading on behalf of investors) |
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| 2023.5.12 | 2023.6.12 | Investors can now send RFQs from SBA, which is an OMS/EMS provided by NRI. | ・Investors（SBA users） can send order data entered into SBA directly to CONNEQTOR, which can then send it to multiple market makers as RFQ. ・This allows investors (SBA users) to compare prices quoted by market makers and trade at the best price. | ● | ||
| 2023.4.10 | 2023.4.17 | Brokers can limit the time that RFQs can be sent by investors. | ・Brokers can set the last possible time for RFQs to be sent by investors as “Available time for investors to send RFQs”. ・This prevents investors from sending RFQs after the “Available time for investors to send RFQs” set by the broker they have designated. | ● | ||
| 2023.3.13 | 2023.3.20 | Brokers can set the maximum amount of RFQs that investors can trade. | ・Brokers can set the maximum amount of orders that can be accepted from investors as the “Maximum amount for one RFQ”. ・This prevents investors from trading RFQs that exceed the “Maximum amount for one RFQ” set by the broker they have selected. | ● | ||
| 2023.2.20 | 2023.2.27 | Brokers (FIX users) can control ETF in RFQ sent by investors. | ・Brokers (FIX users) can register ETF for which they are unable to place orders. ・When an investor selects you as broker, they will not be able to send RFQs for that ETF. | ● | ||
| 2023.1.23 | 2023.1.30 | Brokers (GUI users) can control ETF in RFQ sent by investors. | ・Brokers (GUI users) can register ETF for which they are unable to place orders. ・When an investor selects you as broker, they will not be able to send RFQs for that ETF. | ● | ||
| 2022.12.20 | 2023.1.30 | The investor name search function will be improved. | ・When brokers trading on behalf of investors creates an RFQ, brokers can search for investor names registered in roman letters, without distinguishing between upper and lower case letters. | ● (Brokers trading on behalf of investors) |
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| The display of the number of quotes will be changed. | ・Investors can only see the number of quotes offered and rejected by market makers (not the number of waiting for quotes). | ● | ● (Brokers trading on behalf of investors) |
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| 2022.11.7 | 2022.12.5 | API specifications will be improved. | ・Market makers can see RFQ status details. ・Market makers will be able to see who quoted last in the same organization. | ● | ||
| Brokers or market makers can now buy and sell as Investors on their own account. | ・Brokers or market makers can now buy and sell as Investors on their own account. ・In this case, market makers will be able to see the investor's name. ※The names of investors other than brokers or market makers will not be visible as before. | ● | ||||
| 2022.11.1 | 2022.11.7 | Market makers are more likely to be aware of trade offers from investors. | ・Market makers are more likely to be aware of trade offers from investors when using the Group Trading function or the API. | ● | ||
| Some items in the Quote Request CSV format will be changed. | ・The item “Account ID” in the Quote Request CSV format will be changed to “Account Name”. | ● | ||||
| 2022.9.28 | 2022.10.11 | Investors can resend RFQs in multiple RFQs screen. | ・Investors can resend closed RFQs in multiple RFQs screen. | ● | ● (Brokers trading on behalf of investors) |
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| Order request notifications are easier to notice. | ・When Brokers receive order request notifications, Brokers can also receive a pop-up notification. | ● | ||||
| 2022.8.15 | 2022.8.29 | Investors can download PDFs of their transaction forms from the screen. | ・Investors can download PDFs of their transaction forms from the screen. | ● | ||
| Investors can see prices other than the best price in multiple RFQs screen. | ・Investors can see prices other than the best price in multiple RFQs screen. | ● | ● (Brokers trading on behalf of investors) |
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| 2022.5.30 | 2022.7.25 | Investor can now trade multiple RFQs simultaneously. | ・Investors can send multiple RFQs simultaneously by CSV uploading. ・Investors can see and trade multiple RFQs in new screen. ・Investors can quickly trade several RFQs without manual operation. ※（2022.7.6 update）Investors can cancel RFQs on multiple RFQs screen in demo environment. | ● | ||
| User interface for investors will be improved. | ・User interface for investors when the best price from marketmaker is updated is improved. | ● | ● (Brokers trading on behalf of investors) |
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| User interface for brokers will be improved. | User interface for brokers when receiving notification to execute the order on ToSTNeT is improved. | ● | ||||
| 2022.3.23 | 2022.3.28 | Market makers (API users) can now obtain estimatied notional and estimatied quantity. | ・The estimated notional and estimated quantity of RFQ that are displayed in the GUI can now also be obtained via the API. This will make it easier to present quotes via the API. | ● | ||
| Improvement of specification when investors request trade. | ・Even if the best quote displayed on the investor's screen is updated by the market maker at the timing of “trade request”, when the updated price is favorable to the investors, the confirmation request will be sent to the market maker as it is. ※Currently, “trade request” process fails regardless of the updated price. ※The bug that the limit price function [automatic] is not activated when “trade request” process fails was also fixed. | ● | ● (Brokers trading on behalf of investors) |
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| An icon is displayed when urgent notices are released. | ・When urgent notices such as trading halts information are released, an icon is displayed on the menu bar. | ● | ● | ● (Brokers trading on behalf of investors) |
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| Brokers trading on behalf of investors can now select investor name from the drop-down list. | ・Brokers trading on behalf of investors can now select investors name from the drop-down list. | ● (Brokers trading on behalf of investors) |
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| 2022.3.2 | 2022.3.7 | Investors can now know when the time on their device is not correct. | ・Investors can receive a notification if there is a certain difference between the time of their devices and the time of CONNEQTOR when sending RFQ. | ● | ● (Brokers trading on behalf of investors) |
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| 2021.12.13 | 2022.3.7 | Investors can now extend RFQ time (5 minutes). | ・A time extension button is added to the RFQ screen for investors, which can be pressed only once at any given time per RFQ (i.e., the time for one RFQ can be extended to 10minutes). ※Investors do not need to apply to TSE in advance. | ● | ● (Brokers trading on behalf of investors) |
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| Investors can now see the amount of the best quote against iNAV in yen. | ・The amount of the best quote against iNAV in yen is displayed on the RFQ screen for investors. ※Currently investors can only see the best quote to iNAV ratio. ※Investors do not need to apply to TSE in advance. | ● | ● (Brokers trading on behalf of investors) |
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| Market makers (API users) can now find out RFQs which are likely to be executed immediately. | ・API users can find out RFQs which are likely to be executed immediately. ・”Display of investor's trading intention” released on November 29 is also provided for market makers who use API. ※Market makers do not need to apply to TSE in advance. | ● | ● | ● (Brokers trading on behalf of investors) |
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| 2021.11.22 | 2021.11.29 | Investors can now send an RFQ automatically including/excluding the commition for their brokers. | ・When an investor sends an RFQ whose notional is specified, the notional which the commition for the broker is automatically included in (excluded from) is displayed to market makers. ※Investors do not need to apply to TSE in advance. | ● | ● (Brokers trading on behalf of investors) |
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| Market maker can now find out RFQs which are likely to be executed immediately. | ・When an investor uses the limit price function [automatic], and the price set by the investor and the price quoted by the market maker are within a certain range, CONNEQTOR will inform the market maker on the RFQ card. ※The buy/sell side and the limit price specified by the investor are not displayed on the card. ※This function applies to all RFQs that meet the condition to display. | ● | ● | ● (Brokers trading on behalf of investors) |
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| Market makers can now use the pop-up function when a confirmation request is received. | ・Market makers can now use the pop-up function when a confirmation request is received. ※Market makers do not need to apply to TSE in advance. | ● | ||||
| - | 2021.10.25 | Introduction of the feedback function for investors. | ・・In order to improve CONNEQTOR to a better platform, a feedback questionnaire is displayed on the screen of investors when RFQ is canceled by them or RFQ times out. | ● | ||
| 2021.10.19 | 2021.10.25 | All GUI users can now use the change password function. | ・All GUI users can change their login password on the CONNEQTOR. | ● | ● | ● |
| 2021.09.21 | 2021.09.27 | Resend function for investors is improved when an RFQ times out. | ・When an RFQ times out, the contents of the RFQ remain, resending RFQ easier. ※Investors do not need to apply to TSE in advance. | ● | ||
| 2021.08.23 | 2021.09.13 | Investors can now use the Approval function. | ・Investors can interrupt the process to have their supervisor approve the RFQ before sending it. ※This function is available as Option, and prior application for TSE is necessary for its use. | ● | ||
| 2021.07.12 | 2021.08.02 | Brokers trading on behalf of investors can now see the reference price including the commission on CONNEQTOR. | ・Brokers trading on behalf of investors can see the reference price including the commission on CONNEQTOR. ※Brokers trading on behalf of investors do not need to apply in advance. | ● (Brokers trading on behalf of investors) |
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| Multiple accounts for market makers (API users) are now available. | ・API users can use multiple accounts on CONNEQTOR. When a market maker approves a confirmation request from an investor, the order will be sent to its broker along with the account information designated by the market maker. ※Market makers do not need to apply to TSE in advance. | ● | ||||
| 2021.07.05 | 2021.07.05 | Bug fixes for market makers who use GUI. | ・The following issues were fixed on both Production environment and Demo environment. ・The issue that multiple RFQ strips with the same RFQ ID are displayed when the RFQ screen is refreshed. ・The issue that closed RFQs cannot be deleted at once when the “Delete all closed RFQs” button is pushed. | ● | ||
| 2021.06.29 | 2021.08.02 | Investors can now see the reference price calculated based on the commission rate and the cap amount. | ・Investors can see the reference price calculated based on the commission rate and the cap amount (the maximum amount of commission for their broker), which are set by investors in advance on CONNEQTOR. ※Investors do not need to apply to TSE in advance. | ● | ||
| 2021.06.28 | Revisions to FIX Interface Specifications for brokers (the addition of Tag) | ・“Tag15: Currency”, “Tag100: ExDestination”, and “Tag8101: Settlement Date” were added into Order Entry Message. | ● | |||
| 2021.06.17 | 2021.06.28 | Market makers can now use the pop-up function when an RFQ is received. | ・Market makers can now use the pop-up function when an RFQ is received. ・Currently, a sound is played when an RFQ is sent, but market makers can notice an RFQ even when no sound is played. ※Market makers do not need to apply to TSE in advance. | ● | ||
| Group Trading function (Grab function) for market makers are now available. | ・Market Makers can now use Group trading function (Grab function) on CONNEQTOR. ・All GUI and API users will be able to approve or decline the confirmation request from the investor sent to other traders in the same firm on behalf of them. ※Market makers do not need to apply to TSE in advance. | ● | ||||
| Investors can now see the reference price including the commission for their brokers on CONNEQTOR. | ・Investors can see the reference price including the commission for their brokers on CONNEQTOR. ※Investors do not need to apply in advance. | ● | ||||
| 2021.05.25 | 2021.05.31 | Group trading functions for market makers are now available. | ・Market makers can use Group trading functions for GUI on CONNEQTOR. ・GUI users can view instantly the contents of quote sent by other traders (both of GUI and API users) in the same firm and also view all transaction history of their firm on the screen. ※Market makers do not need to apply to TSE in advance. | ● | ||
| 2021.05.18 | Multiple accounts for market makers are now available. | ・Market makers can use multiple accounts on CONNEQTOR. When a market maker approves a confirmation request from an investor, the order will be sent to its broker along with the account information designated on CONNEQTOR by a market maker in advance. ※Market makres and their brokers need to apply to TSE in advance. | ● | |||
| 2021.04.26 | - | Available time of the Demo environment has been changed. | ・The available time of the Demo environment has been changed as follows based on the current usage status of the demo environment of users. ＜Before＞Weekday from 7:00 a.m. to 11:30 p.m. (GMT+9) ＜After＞Weekday from 7:30 a.m. to 9:00 p.m. (GMT+9) | ● | ● | ● |
| 2021.04.19 | 2021.04.26 | Risk limit function (One-shot) is now available to market makers. | ・Market makers can set one-shot risk limit on their firm-wide basis on CONNEQTOR (optional function).If the notional amount calculated from an input price exceeds the threshold specified in advance, the input price is rejected by CONNEQTOR. ※Market makers need to apply to TSE for an account for parameter setting in advance. | ● | ||
| 2021.04.05 | 2021.04.05 | Bug fixes for market makers who use API. | ・An application bug that market makers who use API can not correctly approve confirmation requests from investors was fixed. | ● | ||
| 2021.03.23 | 2021.03.29 | Limit price function (manual execution) is now available to investors. | ・A new “manual execution” is added in the limit price function, and investors can manually execute transactions at any timing only if a market maker quotes a better price than the limit price specified by the investor. ※Investors do not need to apply in advance and can use it immediately if they log in. | ● | ● (Brokers trading on behalf of investors) |
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| Brokers trading on behalf of investors can now use GUI for agency brokers. | ・Brokers trading on behalf of investors have been able to use agency broker function only with FIX connection method, but this function will also be available to brokers who use GUI connection method. ※Brokers need to apply to TSE in advance. | ● (Brokers trading on behalf of investors) |
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| Brokers can now limit the settlement date that investors can designate when sending RFQ. | ・Brokers can limit the settlement date that investors can designate when sending RFQ to T+2 if they do not support settlement dates other than T+2. ※Brokers need to apply to TSE in advance. | ● | ||||
| - | 2021.02.22 | Limit price function (automatic execution) is now available to investors. | ・If a market maker quotes a better price than the limit price specified by the investor, the transaction is executed automatically and investors can prevent from occuring transactions incorrectly at unintentional prices. ※Investors do not need to apply in advance and can use it immediately if they log in. | ● | ● (Brokers trading on behalf of investors) |
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| - | 2021.02.01 | Launch of CONNEQTOR | ● | ● | ● | |