Exchange traded fund (ETF) and exchange traded product (ETP) WisdomTree has signed up 12 Authorised Participants (APs) to support the WisdomTree Europe’s range of UCITS ETFs.
The APs are all world class liquidity providers. Each of the APs, in conjunction with the existing network of Market Makers (MMs), will benefit clients by providing additional market depth, tradability and execution efficiency to WisdomTree’s growing family of UCITS ETFs.
The APs are:
• KCG Europe Limited – Lead Market Maker
• Commerzbank AG
• Citigroup Global Markets Limited
• Flow Traders B.V.
• Goldman Sachs International
• Goldenberg Hehmeyer LLP
• Jane Street Financial Limited
• Mako Financial Markets LLP
• Merrill Lynch International London
• Morgan Stanley & Co International
• Susquehanna International Securities Limited
• UniCredit Bank AG
With the wide range of existing MMs and APs, clients will now have a choice of over 20 global leading execution counterparties. These provide dedicated support to a multi-currency ETF range that has listings on the London Stock Exchange, Borsa Italiana, Deutsche Borse (Xetra), Swiss Exchange (SIX) and the Irish Stock Exchange. Knight Capital Group (KCG), a world class trading and execution firm, serves as the lead market maker on all exchanges.
Zach Hascoe, Director of Capital Markets, says: “Liquidity is a key focus at WisdomTree and we work hard to ensure our investors have a world class panel of ETF market makers, liquidity providers and authorised participants to support our range of WisdomTree Europe UCITS ETFs. They all bring a wealth of experience to our range of products and this panel will help our clients access a greater network of global leading ETF execution firms across Europe. To have such a high calibre list of experts is a great benefit in building WisdomTree Europe. Today’s announcement is part of WisdomTree’s effort to continually improve upon the support and services for our clients.”