BankingBusiness

State Street: Launches FIX API connectivity to simplify ETF creation

State Street: Launches FIX API connectivity to simplify ETF creation

  • State Street announced the launch of a FIX application programming interface (API) for its Fund Connect ETF platform
  • A global online portal for the creation and redemption of ETFs within the firm’s GlobalLink product suite
  • The FIX enhancement, now available to all participants on the platform, offers connectivity and electronic communication
  • This will allow market participants to send orders directly from their order management system (OMS)
  • Fund Connect ETF also recently released the ability for issuers or their agents to approve AP creations
  • The new FIX connectivity method drives increased efficiency, reduced operational risk
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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