Calastone, the largest global funds network, today announces that HSBC has selected Calastone ETF Servicing, a unique ETF administration platform created for managing and automating the full ETF lifecycle in the primary market, as the underlying technology to power their new ETF Order Management System. This forms part of HSBC’s new ETF Platform Solutions, their new end-to-end platform for providing asset servicing solutions to ETF issuers globally.
Designed specifically for the ETF industry, Calastone ETF Servicing connects every participant in the ETF creation and redemption lifecycle, providing real-time processing and visibility of order management through to the underlying trading.
HSBC’s Securities Services business – one of the leading administrators and custodians to the ETF industry in Europe and Asia – will be deploying the new ETF Order Management system across its global ETF client base, including issuers domiciled in Ireland, Hong Kong, Singapore and Australia.
Brian Godins, Chief Commercial Officer of Calastone said: “We’re thrilled to be partnering with HSBC to provide the underlying technology for their new ETF Order Management system. Calastone ETF Servicing is a scalable and technology driven solution that empowers clients to seamlessly support the growing ETF industry while the enhanced market connectivity we offer brings improved timeliness and transparency to our clients’ fund managers and their authorised participants.”
