HSBC Launches ETF Platform Solutions

HSBC announced the launch of ETF Platform Solutions – its new end-to-end platform for providing asset servicing solutions to ETF issuers globally. Under a single offering, ETF issuers will have access to HSBC’s Markets & Securities Services capabilities, such as: ETF order management, PCF (portfolio composition file) production and custom ETF NAV (net asset value) attribution analysis; AP (authorized participant) services including ETF seeding and HSBC’s ETF fair value algorithms; swap provision and dedicated execution services under FX4ETFs; and HSBC FX Overlay Services. As part of the roll-out of ETF Platform Solutions, HSBC has also partnered with Calastone to provide a next-generation ETF Order Management system. Using Calastone’s cloud-based Distributed Market Infrastructure, the new ETF Order Management system will deliver real-time processing and monitoring capabilities to ETF issuers throughout the ETF creation and redemption life cycle. From order placement through to settlement, HSBC’s digital data integration interfaces will deliver live analytics to ETF issuers and authorised participants as order executions are completed. 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.