Betashares taps UK tech provider to automate ETF market
Australia’s leading investment manager Betashares has entered a partnership with London-headquartered infrastructure provider ETPLink, in a push to automate its ETF primary market operations as industry scale and trading volumes continue to grow.
The agreement will see Betashares integrate ETPLink’s exchange traded product order management platform, which uses distributed ledger technology (DLT) to streamline ETF creation and redemption between issuers and authorised participants.
Founded in 2009, Betashares manages more than A$75 billion across ETFs, managed accounts and superannuation, and offers one of Australia’s broadest ETF line-ups spanning equities, fixed income, cash and commodities.
Chief Operations Officer at Betashares, Debbie Bennett said the the integration would improve firm’s operational agility in its primary market processes.
“This collaboration will improve our operational agility and provide greater flexibility allowing us to better serve our investors while supporting our ambitions to help more Australians progress on their financial goals,” Bennet said.
ETPLink, established in 2021, operates a software platform aimed at standardising ETF primary market workflows through automation and smart contracts linking issuers, custodians and counterparties.
Chief Commercial Officer at ETPLink, Roger Balch said the deal would deliver secure, scalable and cost-effective primary market order management to leading ETP issuers worldwide.
“Our partnership with Betashares highlights why ETPLink is such a truly global product,” Balch said.
“It’s flexible, distributed ledger technology allows seamless integration with a wide range of issuers and custodians across multiple jurisdictions, making it uniquely positioned to meet the evolving demands of the global ETF market.”
ETPLinks has further stated that the agreement with one of Australia’s three largest ETF providers will be significant in its commitment to support business expanding its Authorised Participant network in the Australian and wider APAC ETP marketplace.
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