ICE: Announced that ICE ETF Hub has launched new automated functionality
- ICE a Fortune 500 company formed in the year 2000 to modernize markets
- Announces Launch of Innovative Custom Basket Negotiation Technology
- ICE ETF Hub is an industry-wide, open architecture, primary market technology solution for primary market ETF activity
- Enables a more standardized and simplified process for ETF creation and redemption
- The new functionality allows market participants to screen, communicate and assemble custom baskets with issuers electronically
- The platform gives users a straight through process, allowing them to seamlessly send approved baskets to authorized participants for order placement
