Itiviti integrates ETF data services from ULTUMUS

Eurex enhances European ETF ecosystem with new product

Itiviti, the global provider of multi-asset trading technology and financial infrastructure, has announced a strategic partnership with ULTUMUS, an ETF data solution provider. The partnership will provide Tbricks by Itiviti ETF clients with the ability to compare multiple sources of static data to ensure quality which is key for a competitive and profitable ETF business.

The rapidly evolving ETF trading space both in terms of new issuers coming to market and depth of data now being demanded by trading houses and regulators has led to a renewed focus in the best way to source, manage and support this data set. Addressing these demands, the solution combines the flexibility and performance of the Tbricks by Itiviti trading platform with the most comprehensive and best supported managed data service from ULTUMUS, covering all aspects of ETF pricing and reference data.

We are very pleased to be partnering with Itiviti to provide an ETF data set that offers the greatest granularity of data and client support,” said Bernie Thurston, CEO, ULTUMUS. “This partnership allows us to provide our service to a wider audience and provides a real choice to clients on who can service their ETF data needs.

We are delighted to continue our commitment and strategic investment in the ETF space by offering the ULTUMUS data service in Tbricks,” commented Richard Bentley, Chief Product Officer, Itiviti. “The ability to compare and validate data in real time before sending quotes, either when directly pricing ETFs or via proxy pricing, sets a new standard for the market. In order to further automate processes and meet the growing demands around ETF trading, market making and RFQ responding, it is crucial to confidently and accurately price ETFs with the latest and most reliable data. Providing our Tier 1 ETF clients with access to multiple sources of ETF static data achieves that.

Tbricks by Itiviti is the first trading platform designed from the ground up for today’s trading reality: built to be customized, scaled, co-located and blazingly fast. Its app-based architecture combines the tailored functionality of an in-house built system with the convenience of a third-party solution.

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