- Recognition of flexibility of technology and expertise of team
- Over $10bn in ETF assets now supported by Truss Edge
- Thematic ETFs are major area of demand
Truss Edge has been recognised by leading industry magazine ETF Express for the world-leading quality of its ETF technology.
Truss Edge picked up the award for Best ETF Middle Office Tech Provider. The fintech specialist was recognised for being “in the right place at the right time” by ETF Express, thanks to the adaptability of its ETF technology, which is ideally suited to support the launch of thematic ETFs.
Among the criteria that supported the award were the way Truss Edge works closely with asset management clients, helping them to ensure that ETFs make their daily NAV calculations. This also requires close cooperation with the other service providers like the approved participants and market makers that are typically supporting a successful ETF launch.
“We are very pleased to receive this recognition from the readers of ETF Express, it means a lot to our team,” said Truss Edge CEO Jay Duffy. “The face of the ETF industry has changed in recent years. ETFs are no longer just synthetic products: now they are physically replicated portfolios using an index and require a more complex suite of support tools. We are a small enough business that we can speedily respond to new requirements from ETF fund managers as they emerge.”
Truss Edge has supported the launch of a number of thematic ETFs in recent months, including in areas like hydrogen and clean energy. The ETF universe is becoming rapidly more diverse, requiring a high level of flexibility from technology service providers. Truss Edge now supports over $10bn in ETF assets.
“We are witnessing considerable demand for systems that can readily support the launch of thematic ETFs, as this is the area of the market where new growth lies,” commented Dave Shastri, Head of Strategy. “We expect to see further launches along these lines in 2021 and look forward to supporting these.”
Truss Edge has been active in fund operations since 1998. It provides specialist and modular solutions for hedge funds, ETFs and family offices globally. Clients work closely with the firm’s highly experienced team of operations consultants and software engineers to develop its middle office applications and reporting to meet their requirements.