New first for ETF Securities

ETF Securities, an independent provider of exchange-traded products (ETPs), reports the listing of the first Exchange Traded Commodities (ETCs) on Euroclear’s FundSettle fund processing platform, powered by FundsPlace.

Peter Lidblom, head of Nordics & Netherlands, ETF Securities, says: “Typically described as a safe haven asset, investors are buying gold as a hedge against the extreme economic and financial turbulence prompted by uncertain monetary policy from the ECB and FED and political worries over Brexit and the US presidential election.

“We are pleased to respond to this increased demand by making our products available via our FundsPlace solutions. ETF Securities developed the world’s first gold ETC in 2003 and are dedicated to ensuring our products are accessible in a convenient and transparent manner to the full spectrum of investors.”

Mohamed M’Rabti, deputy global head of FundsPlace, Euroclear said: ” This co-operation showcases the true breadth and flexibility of the FundSettle platform. These ETCs will be the first to be made available on FundSettle benefitting from our safe, reliable and scalable service offering.”