Ossiam relies on a number of external partners to allow investors to subscribe and/or redeem shares at any time with complete transparency. These partners act as authorized participants and/or liquidity providers. The authorized participant is a representative who is allowed to subscribe through the transfer agent of the SICAV. An authorized participant may also act as liquidity provider. The liquidity provider (market maker) ensures on-exchange liquidity and commits to be present in the order books throughout the trading session for sizes up to several million euros.
Baader Bank is one of the leading investment banks in Germany and market leader in trading financial instruments. As a market maker and specialist Baader Bank is responsible for the exchange and over-the-counter pricing of more than 700,000 securities. Around 6,000 funds and exchange-traded funds (ETFs) are traded on German exchanges. By several commitments to the exchanges trading venues and Partners, Baader Bank offers Liquidity and Service to Investors throughout trading hours, even in markets with sufficient liquidity. Constant in-house calculation of fund and ETF prices ensures that customers are offered a fair market price in any market situation.
Banca IMI is one of the leading Italian financial operators and has a strong presence in equity and debt placements, extraordinary finance and securities trading. Banca IMI provides liquidity for a large range of ETFs all around Europe and is AP for the US Market. Further information can be found visiting the web site.
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations. Our global markets business operated through BofAML is among the top ranked in Europe in ETF trading and an authorized participant for all major European ETF issuers.
Barclays Synthetics platform provides clients with best-of-breed solutions that combine the strengths of two award-winning divisions: Equities and Prime Services. Our diverse client base – which includes pensions funds, money managers, mutual funds, and hedge funds – benefits from our integrated equity execution and financing platform, global product offering, and regional sales and service focus. Our full service global Synthetics platform provides financing solutions across asset classes and regions on the following products: single Stock, Index, Sector and Future, Custom and Thematic Baskets, Emerging Market Access in Latin America, Asia and EMEA, Porfolio Swap and Quantitative and High Frequency. We were ranked #2 in the ISF Synthetics Survey in 2012.
BNP Paribas is one of the strongest banks in the world, with top positions in Europe, a strong presence in the Americas and a solid, fast growing business in Asia.BNP Paribas' Delta-one desk is an integrated platform spread across five regional trading hubs and boasts a leading position in trading Dividend Swaps, Equity Swaps and in ETF market making .
Commerzbank is providing liquidity for more than 500 ETFs on exchange and is by far the largest Designated Sponsor for ETFs on the German XETRA Exchange in terms of number of covered ETFs.
Credit Suisse's global Prime Financing offering encompasses swaps, futures, ETFs, bespoke synthetic products and other structured solutions. This offering provides clients with maximum efficiency, leveraging Credit Suisse's resources, including its global presence, proprietary idea generation and research, industry leading execution platform and top-tier reporting system. The dedicated and experienced team of ETF traders, based in London, Hong Kong and New York are able to help clients find the right ETF execution strategies in every time zone.
Flow Traders, with offices in Amsterdam, New York and Singapore, is an independent market making specialist for ETFs, ETCs & ETNs (ETPs). Since starting operations in 2004, Flow Traders has become the most important market maker in Europe due to its market knowledge, experience and innovative software. With a team of over 130 professionals, including 40 dedicated ETP market makers, Flow Traders provides continuous liquidity for all ETPs on all European exchanges. For institutional investors we provide highly competitive 2-way bid-ask prices on an OTC basis. Deutsche Börse, Euronext, London Stock Exchange, Borsa Italiana and SiX have confirmed Flow Traders as Europe’s leading market maker.
Intermonte, founded in 1995 by the present management, is the main Italian equity broker. The long experienced ETF Sales Trading desk offers liquidity and advisory services on almost every European listed ETPs and DeltaOne solutions.
Jane Street’s seasoned traders have a long history in ETFs, dating back to the 1993 American Stock Exchange launch of SPY, the first-ever U.S. ETF. Today, our firm is active in over 2,000 ETFs worldwide, and we continuously refine proprietary quantitative models and cutting-edge technology to provide order-book liquidity in over 40 countries. We’re highly regarded by our counterparties for our consistently deep and reliable markets. We are also experts in ETF structure and mechanics, maintaining strong relationships with the major ETF providers.
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Delta one team leverages Morgan Stanley's global footprint, to provide our clients with sophisticated solutions to their trading needs in ETF's and other Delta One instruments.
Natixis is the corporate, investment management and financial services arm of BPCE, the second-largest banking group in France. Natixis provides liquidity on European listed ETFs with European and US indices as underlyings. Natixis also prices emerging ETFs (on demand).
SG CIB is a unique multi-provider dealer and an experienced cross-asset player. Our Global Equity Flow department provides the full range of services that a client can expect in both cash equities and equity derivatives and has won numerous industry awards that recognise our expertise and the value of our equity solutions. Our 1-Delta team is the largest in Europe and we benefit from more than 10 years of experience and investment in electronic market making. We are the official liquidity provider for 170 ETFs on six European exchanges and offer pricing and execution for 1,000 equity ETFs in OTC markets. Across the entire ETF value chain, from market-leading ETF advisory to execution, SG CIB is the trusted choice to deliver solutions that allow our clients to achieve more.
Susquehanna International Securities Limited is a leading ETF and ETP market maker in Europe, providing deep liquidity both on-exchange and OTC to a wide range of professional clients. We make markets across equity, fixed income and commodity products from all the main issuers. Our robust and competitive pricing across such a broad range of products has made us an essential counterparty to anyone active in trading ETFs and has played an integral part in the success of the products in Europe.
UBS is a global firm providing financial services to private, corporate and institutional clients. We are present in all major financial centers and have offices in over 50 countries. We combine enormous global strength with real local knowledge and insight. By delivering workable solutions that are based on a genuine understanding of our clients' business environments, we have secured influential positions in every major market. We operate a tier 1 ETF trading business, operating across asset classes and have AP status with all major providers.
10 year leadership in ETFs. Your home advantage in European equities. Our focus is on bringing our clients the best overall service in European equities. This year marks the 10th anniversary of our pioneering leadership in ETFs. We are continuing to build on our proven strengths to deliver a local advantage. As a further example of this, we are also an official market maker on the Warsaw Stock Exchange in addition to London, Paris, Amsterdam, Brussels, Milan, Zurich, Vienna and Frankfurt.
- Official market maker on 9 European exchanges
- Bid ask spreads and volumes quoted for all ETF issuers
- Leading ETF market maker on all European exchanges: Primary and Secondary markets
- All ETFs: emerging markets, developed countries, sectors, style categories, bond, credit, commodities and currencies
The Virtu family of companies is privately held and includes Madison Tyler, Madison Tyler Trading (MTT), Madison Tyler Energy and Commodities (MTEC), and EWT. Virtu and its affiliates are members of the NYSE Euronext, NASDAQ, the Chicago Mercantile Exchange (CME) and more than 25 other exchanges and market centers around the world. Virtu is a leading electronic trading firm and market maker on numerous exchanges and electronic marketplaces in equities, fixed income, currencies and commodities. Our market making lowers costs for both retail and institutional investors who trade on public securities and commodities exchanges, and supplies the liquidity necessary for the public to trade and invest. Since 2008, Virtu's business has grown to comprise a significant market share in several asset classes, playing a vital role in contributing to the healthy and efficient functioning of global financial markets. Virtu is as much a technology company as a trading company, and its success is based largely on its proprietary technology. Virtu develops and employs proprietary software that automates liquidity provision and trade execution through a focused collaboration between traders and developers.