SIX Group, the operator of the Zurich Stock Exchange, has announced that it has acquired ULTUMUS, a company specializing in international indices and data ETFs.
ULTUMUS has been acquired by ETFS Capital to strengthen SIX’s ETF and Managed Data Service offering.
The global ETF industry is expected to reach a record $9 trillion in assets by the end of the second quarter of 2021, and the acquisition of ULTUMUS, already a partner of SIX itself, serves to enhance the data offering for the rapidly growing global ETF market.
ETFS Capital had recognized the potential of ULTUMUS since its inception, having been its first investor in 2016, and having invested further in it in 2018 to actively support its growth to enable it to become a global provider of ETF and Managed Data solutions.
The transaction closed on 12 July 2021, but the financial terms of the deal were not disclosed.
ULTUMUS CEO Bernie Thurston said:
“On behalf of myself and the team, I want to thank the ETFS Capital team for all their support and guidance as we built ULTUMUS into a global business. As their first investee company we learned a lot along the way and they have worked with us throughout to ultimately enable this next step. We are excited by the opportunities ahead and what we can accomplish by now being part of SIX”.
ETFS Capital Managing Director Martyn James added:
“We are proud to have been part of the ULTUMUS story and to have supported Bernie and the team in their journey from pitchbook to leading market data pioneer. We wish them every future success and are excited to see how they develop as part of SIX in taking the business to the next level”.
SIX ready for ETFs
SIX has been active in the crypto sector for some time now, as it already announced the development of a trading and custody infrastructure for digital assets three years ago.
It has also launched several cryptocurrency ETPs on the market since 2019, and at this point it is to be expected that it may also launch ETFs.
Cryptocurrency ETFs are a product traded on traditional exchanges that can allow investors and traditional speculators to take positions on cryptocurrency prices, therefore suitable for exchanges like SIX that still largely cater to these types of clients.