State Street Corporation has announced that its Alpha front-to-back asset servicing platform for institutional investment and wealth managers, now supports the entire ETF lifecycle with front, middle and back-office capabilities, with everything bolstered by The State Street Alpha Data Platform (ADP).
The firm writes that the new State Street Alpha for ETF Issuers offering integrates Charles River Development’s front office products with State Street’s industry leading ETF servicing capabilities to deliver end-to-end technology and processes for ETF issuers.
“In the first four months of 2023, growth in ETFs showed no sign of slowing. According to our internal research, ETFs had over USD200 billion of inflows globally, the third highest total on record, bringing the total ETF market to approximately USD10 trillion,” says John Plansky, head of State Street Alpha. “By optimising ETF workflows with consistent data, key analytics and more efficient basketing capabilities, asset managers are better equipped to drive investment decision making with access to near real-time data modernise their operating models as the ETF marketplace continues to grow.”
The firm writes that State Street Alpha provides a centralised platform for ETF Issuers across the entire ETF lifecycle, including portfolio management, trading and compliance to enable growth across a variety of ETF strategies and increase speed to market.
“For the past 30 years, State Street has continuously innovated to support what has become a USD10 trillion ETF marketplace. Today State Street is the largest ETF administrator in the world with more than 2,700 ETFs serviced in 13 countries and provides fully integrated global ETF servicing capabilities. This heritage of expertise has been leveraged throughout the development of the Alpha Platform and reaffirms our position as the forefront leader in ETF servicing,” says Frank Koudelka, global ETF Product Specialist for State Street.
State Street’s Alpha platform is designed as an open architecture structure to integrate with external ETF providers as well as State Street’s internal ETF systems. More broadly, State Street writes that it has also established a fully integrated middle office servicing model that has been tailored specifically for ETF issuers.