UNITED STATES: Intercontinental Exchange Launches ICE ETF Hub

Tuesday October 29 2019

On 28^th October 2019, the Intercontinental Exchange announced the launch of ICE ETF Hub, a new platform that is designed to enable the next phase of growth in the ETF market. ICE ETF Hub is an open architecture platform designed to bring efficiencies and standardization to the ETF primary trading market, where shares of ETFs are created and redeemed.

ICE ETF Hub aims to offer a standardized, automated process for assembling and placing creation and redemption baskets. ICE ETF Hub plans to include ICE Data Services’ pricing, reference data and analytics, as well as connections to ICE BondPoint and TMC Bonds, which provide fixed income execution protocols for asset classes including Municipals, Corporates, Treasuries, Agencies and Certificates of Deposit.

ICE ETF Hub is available to all market participants on an open basis, offering flexible access to third party order management systems, trading venues, proprietary software solutions and connectivity firms.

ICE ETF Hub is currently live with domestic equities, and support for fixed income is expected to come on line in the fourth quarter of 2019. Additional functionality, including support for custom baskets and U.S.-listed international exposures, is planned to be added in 2020.

The new ecosystem leverages the many strengths of ICE across connectivity, data, execution, and analytics to establish a robust platform for ETF primary trading. By creating new standards and protocols for the primary market, ICE ETF Hub is designed to reduce inefficiencies in the ETF create/redeem workflow – and lead to increased participation across the marketplace.

Click on the above link for further information.