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
Previous article
Clear Street: Receives Investment from IMC Investments
Next article
Lulalend: Scores $35 million Series B
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.

You May Also Like

FinTech

JPMorgan Pilots Software to Monitor Junior Bankers’ Working Hours

New initiative aims to enhance oversight of junior employee hours worked.Highlights: JPMorgan tests software to monitor working hours...
FinTech

Goldman Sachs to Implement Performance-Based Staff Cuts in April

The bank plans restructuring amidst shifting financial landscape.Highlights: Goldman Sachs plans performance-based staff cuts in April.The restructuring aims...
FinTech

Nasdaq Secures SEC Approval for Trading Tokenized Securities

This marks a significant advancement in digital asset trading.Highlights: Nasdaq gains SEC approval for trading tokenized securities.This approval...
FinTech

Aveni Launches Agentic AI Council to Enhance AI Ethics

New council aims to guide ethical AI development and deployment strategies.Highlights: Aveni establishes the Agentic AI Council for...