Europe’s first ETF white labeller, HANetf, has confirmed the first tranche of Authorised Participants (APs) that will provide essential liquidity to on-platform funds.
The firm writes that the companies are leading global market making firms with extensive knowledge and experience in providing deep and efficient ETF markets on most major European stock exchanges.
HANetf writes that it 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 writes that it operates an open and competitive market making model, designed to promote deeper liquidity and tighter pricing for on-platform ETFs.
The firm writes that its 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, says: “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.”
