Market Making Incentive Scheme
Awards for outstanding ETF market makers
The Tokyo Stock Exchange, in an effort to improve liquidity in the ETF market, introduced a market making scheme in the ETF market and has been operating it while making improvements. Since 2021, the Best Market Makers Award has been given to market makers who have contributed to the improvement of market liquidity through continuous quoting, and the role of market makers in the market has been widely communicated. We are pleased to announce that this year's award winners have been selected.
The following companies have been selected as winner of each award in 2026.
The Best Market Maker
The six market makers that have delivered outstanding performance in trading sessions (in Japanese alphabetical order).
IMC Pacific Pty Ltd
Optiver Australia Pty Limited
Grasshopper Asset Management Pte Ltd
Jane Street Asia Trading Limited
Nine Mile Financial Pty Ltd
Flow Traders Hong Kong Ltd
The Best Market Makers for CONNEQTOR
The five market makers that have delivered outstanding performance on CONNEQTOR (in Japanese alphabetical order).
Optiver Australia Pty Limited
Grasshopper Asset Management Pte Ltd
Jane Street Asia Trading Limited
Nine Mile Financial Pty Ltd
Flow Traders Hong Kong Ltd
The Good Market Makers
The four market makers that have stably delivered a high level of performance in trading sessions (in Japanese alphabetical order).
Nomura Securities Co., Ltd.
Virtu Financial Singapore Pte Ltd
BNP Paribas
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
- ･Period covered by performance measurement: February 2025 to January 2026
- ･Awardees: Market makers who participated in the scheme before January 2025.
Contact
Equities Department, Tokyo Stock Exchange, Inc.
TEL:+81-3-3666-0141 (Operator)
E-mail:kabuso-kaigi@jpx.co.jp