In this section we provide information on the ETF Capital Markets structure, including the key players in the trading ecosystem, the creation and redemption process and how our Capital Markets Team develops and maintains market quality across our official exchange listings.
Gain an understanding of the roles and responsibilities of the capital markets players involved in the ETF ecosystem, including authorised participants, market makers, lead market makers, broker-dealers, different types of trading desks, exchanges, venues and clearing agents.
ETFs benefit from a unique process called creation and redemption. In essence:
This process sets ETFs apart from other investment vehicles and is the mechanism that underpins many of their benefits, from improved tax efficiency to enhanced liquidity. But there is a lot more to it.