Deutsche Börse welcomes Ridgex as new ETC issuer on Xetra
Deutsche Börse welcomes Ridgex as new ETC issuer on Xetra
Initial listing of four Exchange Traded Commodities/Focus on sustainable precious metals
Ridgex, a new Exchange Traded Commodities (ETCs) issuer on the European market, has chosen Deutsche Börse with its trading venues Xetra and Börse Frankfurt for the initial listing of four ETCs on precious metals.
Ridgex specialises in precious metals from sustainable sources. The issuer uses blockchain technology to provide investors with higher transparency and security regarding the origin and sustainability of the underlying precious metals.
The physically backed ETCs include gold, silver, platinum and palladium. The precious metals are stored in vaults in London and Zurich.
Name | Asset class | ISIN | Ongoing charges | Reference index |
GPF Physical Gold ETC Securities | ETC | 0.145% | Gold price (LBMA) | |
GPF Physical Silver ETC Securities | ETC | 0.20% | Silver price (LBMA) | |
GPF Physical Platinum ETC Securities | ETC | 0.20% | Platinum price (LBMA) | |
GPF Physical Palladium ETC Securities | ETC | 0.20% | Palladium price (LBMA) |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,619 ETFs and 198 ETPs (ETCs and ETNs). With this selection and an average monthly trading volume of around €16.5 billion, Xetra is the leading trading venue for ETFs in Europe.