A 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.
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