ETF Solutions
PCF Calculation
ULTUMUS is the largest ETF calculation agent globally calculating Portfolio Composition Files, which can include cash, securities, futures and other derivatives, swaps, other ETFs, and other line items, such as currency hedges. ULTUMUS calculates ETF values for buy side asset managers as well as sell side trading desks and market makers.
ETF Aggregation
A holistic ETF aggregation service ties together portfolio composition and basket data, including creation and redemption data, reference data, flow data and corporate actions such as dividends per instrument. Both the raw source data and tags for various entities from issuer to umbrella, fund, sub-fund, share class, listings and associated legal entity identifiers need to be timely and validated. These processes should be automated as far as possible to avoid manual error.
Corporate Action Feeds
A comprehensive, global and dynamically updated corporate action feed should capture and account for all corporate actions from M&A to spin offs, rights issues and other offerings, cash and scrip dividends, index additions, deletions and rebalancings, and other items.
To learn more about PCF Calculation Service follow the link below
ESG Scores
ESG scores and categories can involve global standards, such as UNPRI (United Nations Principles for Responsible Investment), or may be specific to geographic regions. For instance, in the EU, some ETFs are making disclosures under article 6, 8 or 9 of the SFDR (Sustainable Finance Disclosure Regime) while others may even opt out of the SFDR.
There are also numerical rankings from groups such as MSCI. For instance, VettaFi has developed its own scoring criteria using 77 different ESG metrics based on MSCI data.
Some ETFs are also reporting carbon emissions, based on measures such as millions of tonnes of C02 per USD 1 million invested.
Fixed Income Reference Data
Fixed income reference data is more complicated than equity reference data as there are so many more instruments which change more often. There are millions of actively traded fixed income instruments listed on over 100 markets, which can include exchanges as well as other sorts of trading venues since some of these markets are still mainly over the counter (OTC). Beyond the fragmented and disparate nature of the markets, fixed income indices are analytically more complex. ULTUMUS are experts in fixed income indices and this glossary may be helpful [ LINK ].
Index Aggregation
Most ETFs are designed to track an index. They need a license to do so and they also need to track its price and constituent weightings accurately in real time during market hours. ULTUMUS offers a managed data index service that gathers data from over 400 index providers from the household name giants to a growing variety of niche index providers. ULTUMUS keeps track of changing market prices, index weightings, rebalances, additions, deletions and corporate actions round the clock, with 24 hour support, so that buy side and sell side players hit the ground running when markets open.
COSMOS Creation/Redemption Platform
COSMOS is the award-winning smart operational create/redeem platform from ULTUMUS. COSMOS builds on ULTUMUS’ extensive dynamic library of near real time global data on ETFs, their underlying portfolios and portfolio composition files, provided for leading ETF players in crypto and conventional asset classes. It is natural and logical to plug these into order flow and work flow management to complete the operational jigsaw. The growing client base deploy the COSMOS service on a global basis across Market Makers, APs, Trading Desks, Issuers and transfer agents.
COSMOS engenders a virtuous circle for the entire ETF ecosystem, accommodating all players in a single portal. Centralising order flow streamlines order placement, which generates cost, time and accuracy efficiencies for APs, sponsors and transfer agents. Significant momentum in the uptake of the COSMOS platform underscores how the ETF eco-system has been crying out for standardization and centralization to help fuel the next chapter of growth.
For more information about COSMOS find our brochure on the page below
