A bi-directional releasable connector includes a connecting link defining a main tension leg and a pair of looped ends, the connecting link engaging a pair of spring-biased plungers axially movable independently of one another inside an outer housing. Axially outward movement of the plungers under the bias of the spring is limited by stops in the housing engaged by the plungers. Either end may be selectively opened and, in the static position with both ends closed, oppositely directed axial loads on the ends of the connector link are borne by the tension leg which is preferably made of steel or other high tensile strength material. Axial loads on the connector impose no loads or forces on the remaining components.