Credit Suisse becomes authorized participant on ICE ETF Hub

Maria Nikolova

Credit Suisse has also become a member of the advisory committee for the platform.

Operator of global exchanges and clearing houses and provider of data and listings services Intercontinental Exchange Inc (NYSE:ICE) today announces that Credit Suisse has joined the ICE ETF Hub as an authorized participant. Credit Suisse has also become a member of the advisory committee for the platform.

ICE ETF Hub has been created as an industry-wide, open architecture, primary market technology solution for ETFs, which forms a more standardized and simplified process for ETF creation and redemption. It currently supports both US-listed domestic equity and fixed income ETFs.

“As the ETF market continues to grow in both size and complexity, it’s critical that more electronification and standardization be applied to the ETF primary market,” said Jim McKeever, Head of Program Trading Americas and ETF Create Redeem at Credit Suisse. “We look forward to working with the members of the ICE ETF Hub advisory committee as they bring more efficiency to the creation and redemption process.”

ICE 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.

Several days ago, Wells Fargo joined the ICE ETF Hub as an authorized participant.

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