The pair see the current market as dominated by large investment banks and diversified financial institutions, with, they believe, questions being asked about their ETP business models.

Investors and regulators are seen as looking for more transparency relating to practices such as stock lending, collateral management and use of in-house hedging techniques. This scenario adds up to what the duo hope is an opportunity for an “independent, nimble and focused player”.

BOOST expects consolidation across the ETP sector and wants to position itself to take advantage of these opportunities as they arise. Its first ETPs will be launched on the London Stock Exchange.