WisdomTree adds two trading firms to Ucits ETF platform

By Sam Shaw

Added 1st March 2016

Exchange traded fund provider WisdomTree has added Cantor Fitzgerald and IMC as authorised participants (AP) to its Ucits distribution platform.

WisdomTree adds two trading firms to Ucits ETF platform

The trading firms have permission to create and redeem ETF shares directly with the issuer on behalf of their investors.

Zach Hascoe, director of capital markets, Europe, said: “We are pleased to welcome two very well respected trading firms to the WisdomTree Ucits ETF platform. Cantor Fitzgerald and IMC join a growing list of APs that will play an important part in expanding and facilitating liquidity to our clients investing in WisdomTree Ucits ETFs.”

Joining the likes of ABN Amro, CitiGroup, Goldman Sachs, Merrill Lynch and Morgan Stanley; WisdomTree said the more firms on the platform, the greater the liquidity and more efficient the trading capacity.

European commitment

Hascoe added: “Expanding our bench of APs demonstrates the commitment that WisdomTree has to the European marketplace. Further, it underlines the solid capital markets infrastructure that has been developed to support the WisdomTree Ucits ETFs for a global client base which increasingly seeks to invest in the Ucits structure.”  

WisdomTree offers ETFs across multiple asset classes and alternatives and through its European offering.

It currently has $52.4bn (£37.4bn, €48bn) in assets under management.

 

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