Belgium
09 June 2014
Reporter: Tammy Facey
Euroclear launches ETF structure on BATS Chi-X Europe
Euroclear Bank will launch the first exchange-traded fund listed on BATS Chi-X Europe with an international structure.

The iShares MSCI Dividend will be available to trade on BATS thank to the partnership.

The new international structure is expected to improve liquidity, ease cross-border processing and lower overall costs and risks because it will use a single European settlement location.

Mark Hemsley, CEO of BATS Chi-X Europe, said: “This latest listing proves that listing on BATS brings material benefits to pan-European investors looking to access deep and liquid markets, and we are looking forward to working with Euroclear Bank in the near future.”

The second international ETF will provide safer electronic delivery-versus-payment settlement, according to Stephan Pouyat, global head of international markets at Euroclear.

He added: “As the market knows, expedient reconciliation as well as the timely and accurate payment of dividends is vital to the attractiveness of ETFs—and the optimal functioning of the market.”

Leland Clemons, head of iShares Capital Markets in Europe, the Middle East and Africa, said: “Market infrastructure improvements are imperative to support the rapid growth of the ETF industry and we hope to see this structure adopted by providers across Europe to drive the ETF market evolution.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
LSEG and IBM partner for SME blockchain
20 July 2017 | London | Reporter: Drew Nicol
The framework will be built on Hyperledger Fabric version 1.0 and hosted by The Linux Foundation
Northern Trust commits to EU hub
19 July 2017 | Luxembourg | Reporter: Stephanie Palmer
Northern Trust is set to establish a banking presence in Luxembourg, and has appointed a new head of continental Europe, in a move that it says is “further establishing its commitment to the region”
New OMS launches to support firms in MiFID II
19 July 2017 | London | Reporter: Stephanie Palmer
London-based financial technology start-up Hedgd has launched its cloud-based order management system, to support firms in compliance with the second Markets in Financial Instruments Directive
SIX launches new regulatory data and document exchange platform
18 July 2017 | Zurich | Reporter: Barney Dixon
SIX Financial Information has launched a new platform allowing for more efficient electronic exchange of regulatory data between wealth managers, asset managers and banks
T7 goes live at Irish Stock Exchange
18 July 2017 | Leinster | Reporter: Barney Dixon
The Irish Stock Exchange has migrated to Deutsche Börse’s new T7 trading platform, which aims to enhance the performance of ISE’s equity marketing offering
Lombard Risk dominates Canada with new mandate win
18 July 2017 | London | Reporter: Drew Nicol
Lombard Risk Management has tightened its grip on the Canadian banking market with another major bank signed up to its flagship Colline collateral management solution
Ex-Visa CEO takes helm at BNY Mellon
18 July 2017 | New York | Reporter: Stephanie Palmer
BNY Mellon has named Charles Scharf as CEO and director of the company, effective immediately
More news