HANetf, Apex Group and The Royal Mint have partnered with ETPLink to use its order management platform for the white-label issuer’s gold and carbon exchange-traded commodities (ETCs)
The move will see The Royal Mint Responsibly Sourced Physical Gold ETC (RMAU) and SparkChange Physical Carbon EUA ETC (CO2) added to ETPLink's platform.
HANetf said the platform will automate the primary market lifecycle of the two ETCs, from order placement to settlement.
ETPLink’s platform is built on distributed ledger technology and relies on smart contracts. It streamlines workflows through Financial Information eXchange (FIX) and web services.
Roger Balch, director of business development and operations at ETPLink, commented: “We are pleased to welcome HANetf, Apex Group, and The Royal Mint to ETPLink, reducing their operational risk and creating efficiencies for all involved.”
Hector McNeil, co-founder and co-CEO of HANetf, added: “HANetf has always been at the forefront of bringing innovative solutions to the market and we are excited to partner with ETPLink on their vision and journey to make the ETF and ETP industry more efficient.”
HANetf becomes just the latest to lean on FIX capabilities to streamline ETF creation redemption. Last month, ETF Stream revealed DWS launched FIX connectivity for its authorised participant (AP) portal, providing automation across primary and secondary markets and reducing operational risk.