ETF platform will “transform” creation process

software_410A joint venture that includes the investment bank Nomura has launched a fully electronic trading platform designed to enhance the way exchange-traded funds (ETFs) are traded.

The platform, called Navesis-ETF, also involves Tradition, an inter-dealer broker, and aims to allow market participants to engage in intra-day and auction trading as well as referencing net asset value (NAV) prices.

In a statement, the companies said Navesis-ETF created a market place that would transform the current creation and redemption process by allowing market participants to fulfill NAV-based ETF orders in real-time, transparently and at competitive prices.

©2012 funds europe