Singapore, 4 May 2026 – Grasshopper Asset Management is pleased to announce that our Japan team has been awarded Best Market Maker and Best Market Maker for CONNEQTOR, in recognition of their continued contribution to the development and liquidity provision of the Japanese ETF market.

These awards reflect the team’s sustained efforts in supporting the growth and efficiency of Japan’s ETF ecosystem over the past year. During this period, the market has experienced notable expansion, with average daily ETF trading value increasing from JPY 23.6 billion in FY2024 to JPY 49.9 billion in FY2025. In parallel, the CONNEQTOR platform achieved a record monthly trading value of JPY 507 billion in January 2026, underscoring the increasing depth and participation in the market.

Grasshopper has been active in Japan since 2006, and over this period has observed and participated in the evolution of the market structure. The firm continues to engage constructively with exchanges and regulatory stakeholders as a long-term participant in the development of the local capital markets ecosystem.

These recognitions are particularly meaningful as they coincide with Grasshopper’s 20th anniversary, marking two decades of continuous engagement in global financial markets.

We would like to acknowledge the broader contributions of our engineers, risk and operation teams in Grasshopper. Their disciplined execution and commitment to maintaining resilient, high-performance trading infrastructure are foundational to the firm’s ability to operate effectively at scale and to support market quality across trading venues.

Grasshopper extends its appreciation to the Japan team for this recognition and to all colleagues whose efforts continue to support the firm’s presence and activities in the region.