Online brokerage Bourse Direct has become the first retail broker to establish a direct connection with Euroclear Bank, a proven market infrastructure that simplifies settlement of Exchange Traded Funds (ETFs).
This partnership allows Bourse Direct to streamline ETF settlement and offer its clients access to a wider range of ETFs, supported by Euroclear’s secure and efficient infrastructure.
The iETF model, used for more than 80% of European ETFs, is the industry standard as it stands for a single pool of liquidity across currencies, allowing consolidation of distribution and execution for both primary and secondary markets in one place, whether traded on exchanges or over-the-counter. This makes ETF investing more efficient, safer and more accessible for all types of investors.
Sebastien Danloy, Chief Business Officer at Euroclear, commented:
“We are delighted to join forces with Bourse Direct to offer French retail investors easy access to a large range of UCITS ETFs. The choice of Bourse Direct demonstrates that Euroclear is well placed to further support the growing interest in ETFs. As a trusted financial market infrastructure, we aim to simplify access for investors to financial instruments and support long-term investment across Europe, in line with Europe’s Savings & Investment Union (SIU) objectives.”
Catherine Nini, Chair of the Management Board of Bourse Direct added:
“Our association with Euroclear enables us to further expand our ETF offering to meet the growing demand from retail investors for innovative and diversified financial instruments. Collaborating with a trusted European leader in market infrastructure ensures a high level of efficiency and reliability for our clients.”
