COSMOS deployment Creation/Redemption Platform, Strengthening ETF Services with Industry-Leading Data and Technology Offering
TORONTO, CANADA – 2 September 2025 – Ultumus with the collaboration of National Bank of Canada (NBC), one of Canada’s six important banks, announced the successful deployment of the COSMOS platform and PCF (Portfolio Composition File) calculation service to support its rapidly expanding ETF servicing client base, providing NBC with cutting-edge technology infrastructure as the Canadian ETF market continues its robust growth trajectory.
The implementation of COSMOS highlight’s NBC’s commitment to ETF operations and the desire to continue technological advancement in the space, including providing real-time portfolio transparency, enhanced risk management capabilities and streamlined operational efficiency. With this deployment, Ultumus COSMOS now serves a growing number of buy side, sell side and service provider participants in the Canadian ETF ecosystem, solidifying Canada's position as a key global hub for ETF innovation and trading.
COSMOS delivers superior functionality that sets it apart from legacy solutions in the market. Key differentiating features include:
- Seamless Integration Architecture: Cloud-native design and flexible interoperability enable rapid deployment and integration with existing trading infrastructure
- Enhanced Regulatory Compliance: Built-in compliance monitoring provides audit trails to inform adherence to evolving Canadian and international ETF regulations
- Scalable Performance: Proprietary automated technology architecture handles high-volume trading scenarios while maintaining system reliability
Bernie Thurston, CEO of Ultumus, comments " The Canadian ETF market has emerged as one of the world's most dynamic and innovative ETF ecosystems, with assets under management experiencing unprecedented growth. NBC's adoption of COSMOS technology validates the confidence and grows our creation/redemption network globally.”
Harvey Sliwowicz, Head of Custody at National Bank Trust, comments “The COSMOS platform empowers NBC to deliver enhanced value propositions to ETF clients through improved operational transparency, reduced settlement risk, and time to market.”
About Ultumus by SIX
Ultumus is a leading financial technology company specialising in advanced ETF infrastructure and portfolio management solutions. The company's COSMOS platform serves major financial institutions globally, providing cutting-edge PCF calculation services, risk analytics, and trading optimisation tools. Ultumus is committed to driving innovation in the ETF ecosystem through superior technology and deep market expertise.
Ultumus is owned by SIX, operator of SIX Swiss Exchange and BME Exchange in Spain. Since launching in 2016, Ultumus has built technology-enabled solutions to capture, normalise, enrich and distribute data daily across the entire ETF and Index ecosystem.
Ultumus is headquartered in London and has offices in Singapore and Hawaii.
About NBC
With $536 billion in assets as at April 30, 2025, National Bank of Canada is one of Canada's six systemically important banks. The Bank has approximately 34,000 employees in knowledge-intensive positions and operates three business segments in Canada: Personal and Commercial Banking, Wealth Management and Financial Markets. A fourth segment, U.S. Specialty Finance and International, complements the growth of its domestic operations. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank’s activities at nbc.ca or via social media.
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