The Australian Securities Exchange (ASX), the Tokyo Stock Exchange, Inc. (TSE), and Fujitsu Limited on June 2, 2025 signed MOU to develop a SaaS-based Request for Quote (RFQ) platform. Fujitsu will develop the platform based on "CONNEQTOR," an RFQ platform for the ETF market developed by TSE and Fujitsu, and provide it to ASX.

The initiative aims to modernize the process for ETF pricing in Australia by implementing a SaaS RFQ platform, built and managed by Fujitsu. The foundation of this new platform is the CONNEQTOR system provided by TSE, one of Asia's most successful RFQ platforms. Since its launch in February 2021, CONNEQTOR has enabled over 290 users to significantly reduce costs and improve the efficiency of their ETF trading operations. Monthly trading value reached a record high of JPY 306.4 billion in April 2025.

Fujitsu will serve as the service provider for the Fujitsu RFQ platform, responsible for service development, provision, and utilization support. TSE, as the licensor and operator of the CONNEQTOR system, will provide support for the platform's implementation.