Navesis-ETF, an electronic exchange-traded funds (ETFs) trading platform, has joined forces with Calastone, a global transaction network for the fund industry, to improve the trading mechanism of the exchange-traded funds (ETF).
The partnership aims to develop new services which will provide market connectivity for trade execution for platforms, fund supermarkets and wrap providers.
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With the collaboration, the distributors will be able to leverage the Calastone’s trade notification service that will automatically route ETF settlement instructions to either the venue of settlement, or settlement agent.
The partnership between the two companies comes on the heels of the recent appointment of Jason Griffin as the head of sales at Navesis.
Griffin said: "The launch of this new infrastructure will allow Navesis to make efficient execution in ETFs available to the mutual funds market via a single technical connection to the Calastone transaction network. The simplicity of this solution will allow the platform market to better service their IFA clients and ultimately the end investor."
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By GlobalData
