Navesis-ETF platform moves into Emerging Markets

Interdealer broker Tradition and financial services firm Nomura have listed 35 new emerging markets ETFs on the Navesis-ETF platform they launched jointly in February this year.

Navesis-ETF is a Multilateral Trading Facility (MTF) for trading exchange traded funds. The new additions to the platform, a result of customer requests, enhance the depth and range of markets that can be accessed through the platform. Further product and issuer additions are planned.

Navesis-ETF now lists almost 200 ETFs, covering Equities, Commodities, Fixed Income and Emerging Markets. Rupert Hodges, Managing Director, TFS Derivatives Ltd at Tradition said there is constant demand from investors looking for a low cost, efficient & effective way to gain access to those markets, especially Asia, Africa and the Middle East, which would otherwise prove very difficult.

“This, together with further functional enhancements that we have implemented since launch, marks another important step forward in the development of Navesis-ETF, as the market’s leading ETF trading platform.”

Tradition is the interdealer-broking arm of Compagnie Financière Tradition SA. With a presence in 27 countries, the group provides broking services for a range of financial products, including money market products, bonds, interest rate, currency and credit derivatives, equities, equity derivatives, interest rate futures and index futures, and commodity-related products.

Compagnie Financière Tradition SA is listed on the SIX Swiss Exchange (CFT). Navesis-ETF is a trade mark of Compagnie Financière Tradition SA. Navesis-ETF is an MTF operated by Tradition Financial Services Limited, authorised and regulated by the UK Financial Services Authority.

Lee Burrows, head of Delta One, EMEA at Nomura added: “In light of market reaction to the platform and the level of participation that we are currently experiencing, this move represents a natural and logical progression for the platform after a particularly encouraging launch period.”

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