Tradeweb, the leading global provider of online financial markets, and Tora, the leading technology, trading and liquidity provider for Asia, jointly announced today that TORA Compass is the latest concentrator to join the Tradeweb Routing Network (TRN).
This connection will provide Tora's buy-side users with access to liquidity from over 650 certified trading destinations particularly in North America and Europe.
TRN is one of the largest FIX protocol-based messaging networks in the world trading well over 1.6 billion shares per day globally. TORA Compass is the most comprehensive multi-broker, multi-product electronic trading platform focused on Asia.
"Tora is an excellent addition to the Tradeweb Routing Network. 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," said Jim Fiesel, Managing Director for Tradeweb's equities business.
"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," commented Robert Dykes, CEO of Tora.