The CredNex platform is designed to automate key ETF operations and improves market liquidity, trading speed and price stability.
The Tokyo Stock Exchange (TSE) has launched CredNex, a platform designed to speed up the creation and redemption of exchange traded funds (ETFs). This system replaces the older platform run by the Japan Securities Clearing Corporation (JSCC) and is seen as a major improvement in efficiency and stability in Japanese ETF market. In ETF trading, the processes of creation and redemption are crucial for keeping market liquidity and ensuring that ETF prices reflect their underlying asset values. Prev