COSMOS, the award-winning smart operational create/redeem platform from ETF FinTech and data expert, Ultumus, has onboarded VanEck, a leading provider of ETFs including innovative
cryptocurrency and digital currency related ETFs for both retail and institutional investors.
VanEck’s forward-looking thinking on designing investment products goes hand in hand with its desire to improve operating models with best of breed solutions. VanEck is adopting the Ultumus COSMOS platform for managing Create/redeem orders for their crypto products.
The vision to optimise operational efficiencies in the ETF Market is coming to fruition. The old ETF operating landscape of fragmented and disparate portals, systems and processes, sometimes requiring ad hoc emails and messaging, is giving way to centralized, standardised aggregation solutions that expedite and coordinate the operational machinery and routines of the ETF ecosystem.
Ultumus is committed to serving the cryptocurrency market. Ultumus' global presence with offices in the US, Asia and UK is helpful for the crypto market and Ultumus is abreast of rapidly evolving developments around spot trades, negotiated baskets and instant messaging.
Ultumus has also devised more sophisticated methods for capturing crypto transactions in more detail. VanEck bolsters COSMOS’s footprint in the crypto space, where clients already include Virtune and CoinShares.
ULTUMUS are seeing multiple mandate wins globally, in crypto and more traditional ETFs, because they have a proven track record and understand the importance of data, speed, and technology within the ETF space. The growing client base deploy the COSMOS service on a global basis across Market Makers, APs, Trading Desks, Issuers and transfer agents. Cosmos engenders a virtuous circle for the entire ETF ecosystem, accommodating all players in a single portal. Centralising order flow streamlines order placement, which generates cost, time and accuracy efficiencies for APs, sponsors and transfer agents.
COSMOS builds on Ultumus’ extensive dynamic library of near real time global data on ETFs, their underlying portfolios and portfolio composition files, provided for leading ETF players in crypto and conventional asset classes. It is natural and logical to plug these into order flow and work flow management to complete the operational jigsaw.
Significant momentum in the uptake of the COSMOS platform underscores how the ETF eco-system has been crying out for standardization and centralization to help fuel the next chapter of growth.
ULTUMUS is a pure play ETF specialist owned by SIX Group, the Swiss Exchange.