According to the ATFund Market Rules, for the trading of Open-Ended CIUs, the presence of an Appointed Intermediaries is required.
The Appointed intermediary is responsible for the following activities:
- Acceptance or rejection of each order that is routed to it by the Euronext NAV Trading Facility by the Confirmation-Only Phase;
- Transmission of the Execution Price (NAV) for the Open-Ended CIUs to the Euronext NAV Trading Facility. This activity is carried out on behalf of the Issuer, that is responsible for calculation of NAV and delegates only its transmission to the Appointed intermediary.
|Banca Finnat Euramerica S.P.A.|
|Equita SIM S.P.A.|
|Intermonte SIM S.P.A.|
Please contact our team for further info: ATFund@euronext.com.
For Appointed Intermediaries, in order to comply with the requirements described above, a link-up of 25 tps is granted, pursuant the Guide to the parameters.
Appointed Intermediaries are also exempt from paying trading fees for contracts executed in the fulfilment of their obligations.