Direxion, a provider of tradeable and thematic ETFs, has selected SS&C ALPS Distributors to provide medallion distribution services for its ETF and mutual fund range. Direxion manages more than USD40bn across a diverse suite of leveraged and inverse ETFs and mutual funds. SS&C ALPS Distributors will act as the underwriter and distributor for issuance, redemption and distribution. SS&C will also handle FINRA compliance and continuing education requirements, review marketing and sales literature, and consult and support Direxion funds’ distribution model and strategy.
