ETF Securities has listed the first-ever exchange traded commodities (ETCs) on Euroclear’s FundSettle fund processing platform.

Investors will have access to two physically-backed gold ETPs from the firm via the platform; Gold Bullion Securities and ETFS Physical Gold.  

ETCs are traditionally listed on a stock exchange and can be traded like equities at any point during market hours.

FundSettle allows investors to buy and sell shares in these ETPs like those of mutual funds at the end-of-day ‘net asset value’ (‘NAV’), an additional means of accessing the products.

Since the beginning of 2016, ETF Securities has seen over $3bn flow into its gold products and the firm is the most comprehensive provider of commodity ETPs in Europe, taking 36% of commodity ETP flows to end of June .

“Typically described as a safe haven asset, investors are buying gold as a hedge against the extreme economic and financial turbulence prompted by uncertain monetary policy from the ECB and FED and political worries over Brexit and the US presidential election,” said  Peter Lidblom, head of Nordics & Netherlands, ETF Securities.

“We are pleased to respond to this increased demand by making our products available via our FundsPlace solutions. ETF Securities developed the world’s first gold ETC in 2003 and are dedicated to ensuring our products are accessible in a convenient and transparent manner to the full spectrum of investors.”

Mohamed M'Rabti, deputy global head of FundsPlace, Euroclear added: “These ETCs will be the first to be made available on FundSettle benefitting from our safe, reliable and scalable service offering.”