ICE ETF Hub integrates LiquidityBook’s OEMS for enhanced access to ETF primary market

Rick Steves

“Our OEMS platform helps asset managers, hedge funds and other institutional investors manage positions and transact efficiently across markets.”

LiquidityBook’s Order and Execution Management System (OEMS), LBX, has been integrated with the ICE ETF Hub to offer efficient access to the ETF primary market, where new ETF shares are created and redeemed, as per announcement.

ICE ETF Hub’s FIX application programming interface (API) allows third-party platforms and ETF market participants to connect to the ICE ETF Hub platform to seamlessly and systematically manage their creation and redemption orders.

LiquidityBook’s LBX is now connected to ICE ETF HUB and users are able to receive ETF creations and redemptions in real time allowing them to manage their portfolios within the OEMS for portfolio and trade management.

An alternative to the inefficient file-to-file and spreadsheet-based processes

Peter Borstelmann, President of ICE Bonds, said: “By modernizing and bringing new efficiencies to the creation and redemption process, the ICE ETF Hub offers a powerful platform for accessing the ETF primary market. Connecting with LiquidityBook’s LBX OEMS gives institutional investors seamless access to our workflow over a highly scalable trade management platform, and it builds on our goal of providing an open architecture framework to create a unique network for ETF market participants.”

Kevin Samuel, CEO of LiquidityBook, commented: “Our OEMS platform helps asset managers, hedge funds and other institutional investors manage positions and transact efficiently across markets. Our cloud-based offering provides our clients an alternative to the inefficient file-to-file and spreadsheet-based processes that portfolio managers have used in the past and gives them more capacity to handle increasing order volumes, which promotes growth. We are excited to work with ICE to expand this functionality within the ETF creation and redemption process.”

ICE ETF Hub aims to bring efficiencies and standardization to the ETF primary trading market, where shares of ETFs are created and redeemed. The creation and redemption process is central to how an ETF ensures that its share price trades in line with its underlying net asset value and allows funds to efficiently access markets.

The platform supports U.S.-listed equity, fixed income, derivative, commodity and multi-asset ETFs. ETF primary market participants also have access to functionality that facilitates the assembly and negotiation of custom basket proposals.

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