The online brokerage bourse direct has become the first retail broker to create a direct connection to Euroclear Bank, a proven market infrastructure that simplifies the settlement of stock market capital (ETFS).
This partnership allows Bourse directly to smooth out the ETF settlement and to provide its customers access to a wider ETF spectrum, supported by the secure and effective infrastructure of Euroclear.
The IETF model, used for more than 80% of European EIEE, is the industrial standard, as it represents a single group of liquidity between coins, allowing the integration of distribution and execution for both primary and secondary markets in one place, either negotiated or excessive transfers. This makes the ETF invest more effective, safer and more accessible to all types of investors.
Sebastien Danloy, EUROCLEAR’s chief executive, commented:
“We are pleased to join forces with Bourse Direct to provide French retail investors easy access to a wide range of ETFS UCITS.
Catherine Nini, chairman of the Board of Directors of Bourse Direct, added:
“Our connection to Euroclear allows us to further expand the ETF bid to respond to growing demand from retail investors for innovative and differentiated financial means.