Wednesday December 4 2019
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
Country: US
Link: https://bit.ly/3604Q6H
On 03rd December 2019, Intercontinental Exchange announced that it has added new functionality to ICE ETF Hub to support US-listed fixed income exchange traded funds (ETFs).
Since launching last week, fixed income primary trades for 17 funds, including the iShares Core U.S. Aggregate Bond ETF (AGG) and the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), have passed through the system.
This new functionality enables authorized participants to submit creation/redemption orders for fixed income ETFs – including those containing domestic and international government bonds, corporate bonds, mortgages and municipal bonds. ICE ETF Hub is an industry-wide, open architecture, primary market platform for ETFs with the objective of creating a more standardized and simplified process for ETF creation and redemption.
Click on the above link for further information.