The ETFs, listed on the London Stock Exchange, will be backed by a newly-developed Authorized Participant Exchange.
US private bank Brown Brothers Harriman (BBH) has rolled out its Authorized Participant Exchange (Apex), a newly developed component of its web platform for exchange-traded fund (ETF) servicing that will automate workflow and redemption order processing between authorized participants, sponsors and BBH.
The bank launched several European exchange-traded fund (ETFs) listed on the London Stock Exchange and offered in partnership with Malvern, Penn.-based Vanguard, which has more than $200 billion in ETF assets under management.
The initial launch, which was initiated in May, includes five ETFs covering the FTSE 100, S&P 500, FTSE All-World, FTSE Emerging Markets, and UK government bond.
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails