ATFund Market
The platform for open-end fund trading
ATFund provides a transparent and efficient platform to expand access to open-end funds, supporting the growth of distribution towards both retail and institutional investors.
Organized and managed by Borsa Italiana as a Multilateral Trading Facility (MTF), ATFund ensures neutrality, independence, and full compliance with European standards of transparency and operational efficiency.
Key Features
- Innovation: the only Italian platform dedicated to the trading of open-end funds within a multilateral trading system.
- Transparency and investor protection: funds are traded and settled at NAV, with full disclosure of any costs applied by intermediaries.
- Operational efficiency: the market simplifies processes for operators, enhancing the quality of services offered to clients.
Regulatory Framework
ATFund operates in compliance with European regulations:
- MiFID II (Directive 2014/65/EU), ensuring transparency in trading methods and investor protection;
- MAR (Regulation (EU) 596/2014), ensuring market integrity and fairness.
Eligible Financial Instruments
The following financial instruments are eligible for trading on ATFund:
- Units or shares of Italian and foreign open-end funds compliant with the UCITS Directive 2009/65/EC, passported for institutional investors;
- Units or shares of foreign open-end AIFs compliant with the AIFMD Directive 2011/61/EU, authorized by Consob for retail distribution pursuant to Article 44 of the Italian Consolidated Law on Finance.
Useful Documentation
Contact Us
For further information regarding admission to trading on ATFund or to receive operational support: