Being the ETF sell-side platform of choice is the goal of Citi, winner of this year’s ETF Express European award for Best ETF Research Provider.
BNY Mellon: Best ETF Administrator (Equity ETFs) & Best ETF Custodian – Jeff McCarthy, Segment Head, Exchange-Traded Funds, BNY Mellon believes that the firm’s holistic approach to providing ETF solutions lies behind their two awards this year.
Jane Street: Best Market Maker/Authorised Participant (Commodity ETFs) & Best Market Maker/Authorised Participant (Fixed Income ETFs) – Q&A with Ian Shea, Head of Fixed Income, Europe and Asia, Jane Street.
Truss Edge: Best ETF Middle Office Tech Provider – Another example of being in the right place at the right time has come for middle and back-office support firm Truss Edge, whose adaptability for thematic ETFs has seen its business grow 120 per cent over 2020.
State Street: Best ETF Back Office Tech Provider & Best Overall ETF Administrator – ETFs have had a good pandemic, says Ciarán Fitzpatrick, head of ETF servicing for Europe for State Street, which is, as he says, something you can’t say very often.
Amundi: Best ESG ETF Issuer (USD1bn+) & Best ETF Distributor – Q&A with Fannie Wurtz Head of Amundi ETF, Indexing & Smart Beta.
London Stock Exchange: Best European Exchange for Trading ETFs – Ivan Gilmore, Head of Exchange Traded Products, Fixed Income & Alternatives, London Stock Exchange comments that MiFID II made ETFs MiFID instruments and as such brought in pre- and post-trade transparency for them. “We are aware that it is a fragmented and competitive landscape,” he says. “There are lots of issuers competing with products, exchanges competing for listings, and platforms competing for trading away from those venues.
Invesco: Best Capital Markets Team & Best Global Equity ETF Issuer (USD1bn-USD5bn) – Q&A with Gary Buxton, Head of EMEA ETFs & Indexed Strategies, Invesco.
Optiver: Best Overall ETF Liquidity Provider/Market Maker – Over the last few years, Optiver has significantly improved and expanded its ETF pricing, risk warehousing and coverage, says Jean-Marie Tine, Head of Institutional Trading Delta 1 at the firm. With a 35-year history in derivatives market making, Optiver started its ETF business nearly 10 years ago by providing liquidity on-exchange in a small range of liquid ETFs. In 2016 the proprietary trading firm decided to use its expertise to build a strong base to become one of Europe’s leading ETF liquidity providers.
Euronext: Best European Exchange for Listing ETFs – 2020 was a very strong year for Euronext’s ETF business, with a significant increase in ETF trading volumes. On-screen trading in 2020 was up 37 per cent from 2019, representing over EUR75 billion, and there were 142 new ETF listings over the course of the year.