The company that manages the Zurich stock exchange, SIX Group, has announced that it has acquired ULTUMUS , a company specializing in indices and ETF data on an international level.
ULTUMUS was acquired by ETFS Capital to strengthen SIX’s ETF and Managed Data Service offering.
The global ETF industry is expected to reach record assets of $ 9 trillion by the end of the second quarter of 2021, and the acquisition of ULTUMUS, a former partner of SIX itself, serves to improve the data offering for the fast growing global ETF market.
ETFS Capital had recognized the potential of ULTUMUS from its inception, having been its first investor in 2016, and having invested further in 2018 to actively support its growth in order to enable it to become a global provider of ETF and Managed solutions. Date.
The transaction was closed on July 12, 2021, but the financial terms of the transaction were not disclosed.
ULTUMUS CEO Bernie Thurston said:
“On behalf of myself and the team, I would like to thank the ETFS Capital team for all the support and guidance they have provided us as we have transformed ULTUMUS into a global company. Being their first investee company, we have learned a lot along the way and have been working with us all along to enable this next step. We are excited about future opportunities and what we can achieve by being part of SIX now.
ETFS Capital Managing Director Martyn James added:
“We are proud to have been part of ULTUMUS history and to have supported Bernie and the team on their journey from pitchbook to market data pioneer. We wish them every future success and are excited to see how they will develop as part of SIX in taking the business to the next level. “
SIX ready for ETFs
SIX has also been active in the crypto sector for some time, as it announced the development of a trading and custody infrastructure for digital assets three years ago .
Furthermore, starting from 2019 , it has launched several cryptocurrency ETPs on the market , and at this point it is reasonable to expect that it will also launch ETFs.
Cryptocurrency ETFs are a product traded on traditional exchanges that allow traditional investors and speculators to take a position on the prices of cryptocurrencies, therefore suitable for exchanges like SIX that still largely cater to clients of this type.