Navesis-ETF platform extends trading hours
Following the launch of Navesis-ETF, the MTF for trading exchange-traded products referencing net asset value, Tradition and Nomura have extended the platform’s current trading hours from a half-day to a full-day, following direct consultation with members.
Navesis-ETF will now trade into the late afternoon.
Navesis-ETF will be operational from 09.00 to 15.15 (GMT), with a dark auction to take place from 15.15 to 15.30 (GMT).
Rupert Hodges, managing director – TFS Derivatives Ltd, London, at Tradition, says: “We are very pleased with the progress of Navesis-ETF since its launch in the spring. We have 23 members live, including some of the biggest names in the industry, and trading momentum has exceeded our expectations. We are further enhancing the offering from Navesis-ETF by extending our trading hours into the afternoon. This is something that our members have requested and we have responded quickly improving the trading flexibility of the platform. This evolution in the platform should allow Navesis-ETF to offer even more competitive pricing, better trading, broader access and efficient execution for all our members.”
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