Nomura, Tradition expand Navesis-ETF trading platform

Mar 13th, 2012 | By | Category: ETF and Index News

Following the recent launch of the Navesis-ETF platform, a multilateral trading facility (or MTF) for ETFs, founders Tradition and Nomura have announced the listing of 35 new Emerging Markets ETFs on to the platform.

Nomura, Tradition expand Navesis-ETF trading platform

Nomura and Tradition have expanded the Navesis-ETF trading platform with the listing of 35 emerging markets ETFs.

These additions significantly enhance the depth and range of markets that can be accessed through the platform.

The additions address requests received from the Navesis-ETF customer base, which includes institutional traders, sell-side banks and market makers.

Since Navesis-ETF’s launch in February this year, the platform now lists almost 200 ETFs, covering equities, commodities and fixed income. Further product and issuer additions are planned.

According to a statement jointly issued by Tradition and Nomura, most of the core anticipated customer base has signed up and work is in progress to add several more market makers to the platform; new functionality enhancements are constantly being made, incorporating client feedback.

The platform is designed to create a common market place to transform the current creation and redemption process, enabling market participants to fulfil NAV-based ETF orders in real-time, transparently, and at competitive prices.

Alternative trading platforms, such as this, emerged after MiFID rules implemented in 2007 facilitated their creation. Existing platforms, such as Chi-X and BATS Europe, now compete with traditional exchanges such as the London Stock Exchange, NYSE Euronext and Deutsche Boerse, and have helped drive costs and trading fees lower.

Rupert Hodges, Managing Director of London-based TFS Derivatives, part of Tradition, commented: “This indicates a significant step in advancing our current capabilities. We’re seeing ever-increasing levels of demand from investors looking for a low cost, efficient and effective way to gain access to those markets, especially Asia, Africa and the Middle East, which would otherwise prove very difficult.

“This, together with further functional enhancements that we have implemented since launch, marks another important step forward in the development of Navesis-ETF, as the market’s leading ETF trading platform.”

Lee Burrows, Head of Delta One, EMEA, at Nomura added: “In light of market reaction to the platform and the level of participation that we are currently experiencing, this move represents a natural and logical progression for the platform after a particularly encouraging launch period.

“The expansion of Navesis-ETF into a more diversified product range comes after positive feedback and a strong initial uptake, whilst demonstrating our continued desire to cater for the evolving needs of the market. It represents the first of many positive steps in listening to, and providing for, the market as it continues to advance.”

Following is a full list of the emerging market-focused ETFs introduced onto Navesis-ETF:

DB X-trackers FTSE China 25 ETF

DB X-Trackers MSCI Asia X-Japan ETF

DB X-Trackers MSCI Brazil ETF

DB X-trackers MSCI Emerging Markets TRN ETF

DB X-Trackers MSCI Korea TRN ETF

DB X-Trackers MSCI Mexico ETF

DB X-Trackers MSCI Pacific X-Japan ETF

DB X-trackers S&P CNX NIFTY ETF

HSBC MSCI Brazil ETF

HSBC MSCI Emerging Markets ETF

HSBC MSCI Mexico Capped ETF

HSBC MSCI South Africa ETF

HSBC S&P BRIC 40 ETF

iShares FTSE Bric 50 ETF

iShares MSCI Emerging Markets ETF

iShares MSCI Emerging Markets ETF

iShares MSCI Korea ETF

iShares MSCI Korea ETF

iShares MSCI Taiwan ETF

Lyxor ETF China Enterprise HSCEI

Lyxor ETF Hong Kong HSI

Lyxor ETF Korea

Lyxor ETF Malaysia

Lyxor ETF MSCI Ac Asia X-Japan

Lyxor ETF MSCI EM Lat America-B

Lyxor ETF MSCI EMU Value

Lyxor ETF MSCI India

Lyxor ETF MSCI Indonesia

Lyxor ETF Russia

Lyxor ETF Taiwan

Lyxor ETF Thailand

Lyxor ETF Turkey

MSCI Brazil Source ETF

MSCI Emerging Market Source ETF

MSCI India Source ETF

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