back Back

HSBC unveils ETF Servicing Platform in partnership with Calastone

By Gloria Methri

August 17, 2023

  • Asset Trading
  • Calastone
  • ETF
Share

HSBC, ETF Servicing, FinTech, ETF, UKHSBC has announced the launch of ETF Platform Solutions,  its new end-to-end platform for providing asset servicing solutions to ETF issuers globally.

Under a single offering, ETF issuers will have access to HSBC’s Markets & Securities Services capabilities, such as ETF order management, PCF (portfolio composition file) production and custom ETF NAV (net asset value) attribution analysis; AP (authorised participant) services including ETF seeding and HSBC’s ETF fair value algorithms; swap provision and dedicated execution services under FX4ETFs; and HSBC FX Overlay Services.

As part of the roll-out of ETF Platform Solutions, HSBC has also partnered with Calastone to provide a next-generation ETF Order Management system.

Using Calastone’s cloud-based Distributed Market Infrastructure, the new ETF Order Management system will deliver real-time processing and monitoring capabilities to ETF issuers throughout the ETF creation and redemption life cycle. From order placement through to settlement, HSBC’s digital data integration interfaces will deliver live analytics to ETF issuers and authorised participants as order executions are completed.

HSBC’s Securities Services business, one of the leading administrators and custodians to the ETF industry in Europe and Asia, will be deploying the new ETF Order Management system across its global ETF client base, including issuers domiciled in Ireland, Hong Kong, Singapore, and Australia.

Fiona Horsewill, Global Head of Securities Services, at HSBC, said, “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, Calastone, said, “We are pleased to be partnering with HSBC to provide the underlying technology for their new ETF Order Management system. Designed specifically for the ETF industry and powered by our Distributed Market Infrastructure, Calastone ETF Servicing is a scalable solution that enables HSBC to seamlessly support the growing ETF industry, while the enhanced market connectivity we offer brings improved timeliness and transparency to ETF fund managers and their authorised participants.”

Previous Article

August 17, 2023

BizPay secures Seed round funding led by Inflection Point Ventures

Read More
Next Article

August 17, 2023

Trade Capital Partners & EDB to launch supply chain financing for SMEs

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

Asset Trading

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

LTIMindtree extends multi-million-dollar contract with Absa Bank

Read More

Today

FinTech Focus: Catch latest developments of the week

Read More

Today

Airwallex obtains AFSL for expansion into retail investment offering

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024