HSBC has announced the launch of its new end-to-end platform, providing asset servicing solutions to exchange traded funds (ETF) issuers globally. The platform grants users access to HSBC’s Markets & Securities Services capabilities, including custom net asset value attribution analysis, portfolio composition file production and order management. As part of the roll-out of ETF Platform Solutions, HSBC has partnered with Calastone which aims to provide an ETF order management system. Using Calastone’s cloud-based Distributed Market Infrastructure, the new ETF Order Management system aims to deliver real-time processing and monitoring capabilities to ETF issuers throughout the ETF creation and redemption life cycle. HSBC’s digital data integration interfaces intend to output live analytics to ETF issuers and authorised participants as order executions are completed. Fiona Horsewill, global head of securities services at HSBC, says: “ETF Platform Solutions is tailored for ETF issuers using the full breadth of HSBC’s securities services capabilities. The scale and connectivity of our platform will cover the entire ETF ecosystem, so ETF issuers and authorised participants can benefit from improved operational and infrastructure efficiency in processing large volumes of ETF orders across our global footprint.” Brian Godins, chief commercial officer at Calastone, comments: “Designed specifically for the ETF industry and powered by our distributed market infrastructure, Calastone ETF Servicing is a solution that enables HSBC to support the growing ETF industry, while the market connectivity we offer brings better timeliness and transparency to ETF fund managers and their authorised participants.”
