HANetf confirms APs ahead of debut ETFs

Aug 2nd, 2018 | By | Category: ETF and Index News

HANetf has unveiled the Authorised Participants (APs) committed to provide liquidity to its white-label ETF platform.

HANetf confirms Authorised Participants ahead of first ETF launch

HANetf is Europe’s first independent ‘white label’ ETF platform.

The market-making firms include Goldenberg Hehmeyer, IMC, Old Mission Europe, and RBC Europe.

HANetf has said it plans to expand this set in the near future.

Jason Griffin, director of business development and capital markets at HANetf, commented, “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.”

According to HANetf, the platform operates an open and competitive market-making model, designed to promote deep liquidity and tighter pricing for its clients’ ETFs.

The firm notes that asset managers who embark on launching their own ETF capability (as opposed to partnering with a white-label platform) would face the time and cost impact of having to set up an AP network from scratch.

Griffin said, “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.”

The firm, which launched in August last year with the aim of lowering the barriers to entry for prospective ETF issuers, is expected to announce its first ETFs within weeks, with listings scheduled for London Stock Exchange, Borsa Italiana and Deutsche Börse, subject to regulatory approval.

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