Clearstream’s June Metrics Stagnate, Failing to Move on Brexit
Posted: Wed Jul 13, 2016 7:40 am
Clearstream, a provider of post-trade services for financial services participants, today issued its latest monthly report indicating that the demand for Exchange Traded Funds (ETF) has been steadily growing.
The market now has a value of more than €450 billion with over 2,200 products in over 20 countries.
Increase in demand for ETFs
Jeffrey Tessler, Chairman of Clearstream, noted that the boom was curtailed by settlement and realignment challenges within the fragmented European market. He said: “In Europe, ETFs are listed on multiple exchanges in different regions. As a result, trading desks have to hold multiple accounts with all Central Securities Depositories (CSDs) ... (read more)