ULTUMUS has integrated Calastone’s ETF servicing technology with ULTUMUS’ COSMOS ETF creation/redemption platform. The integration allows a full, front-to-back deployment for fund managers and asset servicers to centralise and streamline the entire ETF process, from order capture and approval through order management, cash confirmation, settlement, and reporting.
ULTUMUS claims to be the largest PCF calculation agent globally, providing its services to ETF issuers and investor services groups across all trading hubs, alongside a specialisation in the provision of global ETF and index data to ETF trading desks. UK-based Calastone’s ETF servicing technology supports the STP of primary market orders from order capture through to settlement. The technology enables ETF servicers to improve service, reduce cost, mitigate risk and scale their business to provide APs and issuers enhanced connectivity, speed of process, and transparency.