Bank of Ireland unveils pan-European ETF settlement platform

The BoISS ETP Direct platform allows ETFs to settle delivery against payment directly in multiple jurisdictions across the European Union (EU). BoISS director of business development Fearghal Woods says the platform is expected to streamline the trading activities of ETF market makers through reducing costs, risks and improving the timeliness of settlement. He explains market makers get deal flow on the secondary market, and then fill these orders on their books. In order to replenish inventory or restock, they trade in the primary market. However, he says this has historically bee...