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ICE ETF Hub sees record notional volume in Q2

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Intercontinental Exchange’s ICE ETF Hub saw record notional volume of USD148 billion in the second quarter of 2020, compared to USD137 billion in the first quarter, an increase of 9 per cent.This growth in activity follows the progress that ICE ETF Hub has made in building the network of ETF Hub community members. Since launching in October 2019, seven new firms have been added as authorised participants, and two of those firms – Credit Suisse and Wells Fargo – joined in the last month. Additionally, ICE ETF Hub has continued to launch new functionality that enhances the processing of ETF create and redeem orders and brings new efficiencies to the ETF primary market.

“In a very short time, we’ve seen both strong interest from the ETF community in joining ICE ETF Hub and rapid growth in activity on the platform,” says Peter Borstelmann, Head of ICE ETF Hub. “We’re excited to continue working with issuers and authorised participants across the ETF industry to launch new functionality that will bring more transparency and streamlined access to the primary market.”

ICE ETF Hub has been developed as an industry-wide, open architecture, primary market technology solution for ETFs, which forms a more standardised and simplified process for ETF creation and redemption. It currently supports both US-listed domestic equity and fixed income ETFs.
ICE ETF Hub recently launched functionality for the assembly of custom baskets in an automated way via APIs and ICE ETF Hub’s front-end user interfaces, and ICE Chat functionality is planned to launch in the third quarter of 2020. Connectivity between ICE ETF Hub and ICE FI Select for integrated secondary market cash bond execution is also planned to launch during the third quarter, and support for US-listed international equity ETFs is planned for later in 2020.
 

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