Intermediaries
This section provides an overview of the main operational features of the ATFund market, including information on how to access it.
The content is intended for both active intermediaries and intermediaries interested in connecting to the market.
Onboarding of a new intermediary
Access and participation in the market are governed by the ATFund Rulebook.
The Rulebook also defines the minimum technological requirements for intermediaries wishing to connect to the market directly.
For further details on the onboarding process, please refer to the dedicated section.
Useful resources
Intermediaries
In accordance with the ATFund Rulebook, the trading of open-ended funds requires the presence of an Appointed Intermediary, responsible for the following activities:
- acceptance or rejection of each order received from the Euronext NAV trading system within the order confirmation phase;
- transmission of the execution price (NAV) of open-ended investment funds to the Euronext NAV Trading Facility. This activity is carried out on behalf of the issuer, who remains responsible for the NAV calculation 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. |
Technological set-up of Appointed Intermediaries
Borsa Italiana provides Appointed Intermediaries with a free technical set-up, including a predefined number of transactions per second as specified in the system parameters guidelines.
Appointed Intermediary are also exempt from trading fees for transactions executed in the fulfilment of their obligations.
Buy-in and Sell-out notification forms
Download the Buy-in notification forms:
Download the Sell-out notification forms:
Interested in becoming an intermediary on ATFund?
For further information, please contact the Borsa Italiana Team: ATFund@euronext.com.
Borsa Italiana for open-end funds
Discover all the details about listing on the ATFund market: download the Presentation and access information on the benefits and procedures for listing funds.