ULTUMUS and Calastone announce partnership for COSMOS platform integration to further streamline the ETF creation and redemption process
London, April 23rd 2024 – ULTUMUS today announces the integration of Calastone’s ETF Servicing technology with ULTUMUS’ COSMOS ETF Creation/Redemption (C/R) platform. The integration allows a full, front-to-back deployment for fund managers and asset servicers to centralize and streamline the entire ETF process, from order capture and approval through order management, cash confirmation, settlement, and reporting.
With ETF market dynamics rapidly pushing the global ETF industry to make deep changes, such as the forthcoming implementation of T+1 for US stocks, the use of an agnostic C/R platform that can insulate the whole ETF value chain from such complex exogenous changes is particularly timely.
ULTUMUS’ is the largest PCF calculation agent globally, providing its services to ETF issuers and investor services groups across all trading hubs, alongside a specialization in the provision of global ETF and index data to ETF trading desks. COSMOS has seen rapid adoption since its launch in 2023. COSMOS facilitates order flow in the Primary Market, connecting Authorized Participants with asset managers and transfer agents via a zero-deployment front-end GUI and automated API.
Calastone’s ETF servicing technology supports the straight-through-processing of primary market orders from order capture through to settlement. The technology enables ETF servicers to improve service, reduce cost, mitigate risk and scale their business to provide APs and Issuers enhanced connectivity, speed of process, and transparency.
Bernie Thurston, ULTUMUS CEO commented ‘Calastone's focus on ETFs is progressive and demonstrates how the ETF market’s expansion has created new opportunities for such specialized solutions. We are thrilled to have partnered with Calastone, and doing so has accelerated our ability to provide a complete, out-the-box solution for a best-in-class offering for fund managers and transfer agents.’
Brian Godins, Chief Commercial Officer, Calastone commented ‘We are thrilled to partner with ULTUMUS and integrate our ETF servicing technology into the COSMOS platform. Integrating our advanced technology into COSMOS not only enhances operational efficiencies but also sets a new standard for scalability in the ETF ecosystem. This will ensure that the growing demands of the ETF market are met with innovative and responsive solutions.’
ABOUT ULTUMUS by SIX:
ULTUMUS is a pure play ETF specialist owned by SIX Group, the Swiss Exchange. Since launching in 2016, ULTUMUS has become the central managed data service for the ETF and Index market and is the largest PCF calculation agent globally for ETF issuers and investor service groups, its technology-enabled solutions capture, normalise, enrich and distribute data daily across the entire ETF and Index ecosystem. ULTUMUS ETF data feeds are now being used natively throughout the COSMOS platform to streamline the ETF order management process.
ULTUMUS is headquartered in London and has offices in Singapore, California, and Hawaii
ABOUT CALASTONE:
Calastone is the largest global funds network, connecting the world’s leading financial organisations.
Our mission is to help the funds industry transform by creating innovative new ways to automate and digitalise the global investment funds marketplace, reducing frictional costs and lowering operational risk to the benefit of all. Through this, we make investing more accessible, generating the opportunity for the industry to deliver greater value for the investor.
Over 4,000 clients in 55 countries and territories benefit from Calastone’s services, processing £250 billion of investment value each month.
Calastone is headquartered in London and has offices in Luxembourg, Hong Kong, Taipei, Singapore, New York, Milan and Sydney.
