Deutsche Boerse and Clearstream have rolled out a fund trading service that will increase demand for European funds from Asia, Reuters reports. The service will free up $919.8 billion of collateral for clients and enable them to trade the 80,000 European and Asian funds that its mutual fund system, Vestima, offered on its trading platform, Xetra.
The service will help clients trade the funds in real-time, like equities, rather than at the end of the day, as they had been required to do earlier. It stores details of individual funds centrally, which enables clients to use the funds registered in Vestima as collateral.
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