primary market

T+1 in Europe: The ETF Operating Model Stress Test most Issuers are underestimating

From 2027 onwards, ETF businesses in the UK, EU and Switzerland will be judged less on their product line‑up and more on whether their operating model can actually run at trade‑date speed. The move from T+2 to T+1 sounds like a technical change; in practice it is a hard audit of how quickly you can

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How to reduce the private markets talent gap by leveraging vendor relationships

“Investment firms often fail in enhancing the value of outsourcing by not having a strategy.” Dave Shastri, CEO, TrussEdge Building an investment firm is a challenge: regardless of the where, when and how, the attraction of the private assets industry means founders are faced with significant competition and consequently critical decisions need to be made on

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Market makers and APs: liquidity engines under strain

One of the main pillars of the ETF story has always been liquidity: intraday trading, tight spreads, and deep secondary‑market pools. But none of that happens automatically. It depends on a relatively small group of firms, market makers and authorized participants, willing to put capital and infrastructure to work every day between issuers and investors.

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New ETF issuers: running before they can walk?

If the UCITS ETF market feels crowded, that’s because it is and is still growing. Assets hit roughly 3.5 trillion dollars in April 2026, tripling in six years and marking the 43rd consecutive month of net inflows. New issuers are piling in: 13 managers launched in Europe in 2025 alone, most of them with actively

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