HANetf Confirms Authorised Participants Ahead of ETF Launches
First key ETF liquidity providers confirmed
·
Barriers to entry to European ETF markets lowered
by first European independent white-label ETF platform
London, 31st July
2018 – HANetf, Europe’s first independent
‘white-label’ UCITS ETF platform, confirms the first tranche of Authorised
Participants (AP’s) that will provide essential liquidity to on-platform funds.
The companies are leading global market making firms with extensive knowledge
and experience providing deep and efficient ETF markets on most major European
stock exchanges. HANetf will further expand the range of APs to create one of
the most extensive AP and market making networks in the European ETF market.
The first confirmed APs are:
- Goldenberg
Hehmeyer LLP
- IMC
- Old
Mission Europe
- RBC
Europe
This announcement comes ahead of the
much-anticipated launch of the first funds on HANetf’s Irish domiciled fund
platform, that are scheduled for listing on London Stock Exchange, Borsa
Italiana and Deutsche Boerse XETRA in the near future, subject to regulatory
approval.
HANetf operates an open and competitive
market making model, designed to promote deeper liquidity and tighter pricing
for on-platform ETFs. HANetf’s asset management clients will be able to take
advantage of this extensive panel of APs as they join and issue ETFs on the
platform. Asset managers who would otherwise set up their own ETF capability
would face the time and cost impact of having to set up their own AP network
from scratch.
Jason
Griffin, Director of
Business Development and Capital Markets at HANetf, commented on the
appointments:
“HANetf’s full-service proposition includes extensive
capital markets, distribution and marketing support. We are very happy to
welcome the first four companies to HANetf’s network of APs, promoting deeper
liquidity across our fund range and helping investors benefit from greater
market access and tighter spreads. Prospective ETF issuers will take confidence
that when they issue funds through HANetf, they benefit from an extensive and
expanding ecosystem of liquidity providers with tremendous ETF experience.”
Founded by co-CEOs, Hector McNeil and Nik
Bienkowski, HANetf provides a full service offering to prospective ETF issuers
including ETF product development, support, operations, capital markets, sales,
marketing and distribution. The HANetf platform removes the barriers to entry
for new entrants to the European ETF market, making it faster, easier and more
cost-efficient for asset managers to launch ETFs in Europe.