07.14.2020

ICE ETF Hub Has Record Notional Volume In Second Quarter

Intercontinental Exchange, Inc., a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that ICE ETF Hub had record notional volume of $148 billion in the second quarter of 2020, compared to $137 billion in the first quarter, an increase of 9%.

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 authorized 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,” said Peter Borstelmann, Head of ICE ETF Hub. “We’re excited to continue working with issuers and authorized 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 standardized 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.

Source: ICE

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