Intercontinental Exchange Launches FIX Connectivity and Multi-Order Functionality for ICE ETF Hub
11 February 2020 - 12:30AM
Business Wire
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator
of global exchanges and clearing houses and provider of data and
listings services, today announced the launch of two key
enhancements for its ICE ETF Hub platform:
- FIX Connectivity: ICE ETF Hub has launched a FIX
(Financial Information eXchange) application programming interface
(API), which allows Authorized Participants to connect to the ICE
ETF Hub platform and manage create/redeem orders in a seamless,
automated way. With this new functionality, ICE ETF Hub is the
first platform to offer FIX access to both Issuers and Authorized
Participants. The FIX protocol is used by global financial markets
to communicate trade information and complete millions of
transactions each day.
- Multi-Order Functionality: ICE ETF Hub’s new multi-order
functionality enables Authorized Participants to submit multiple
transactions to an ETF Issuer as one order, enhancing operational
efficiency, reducing human error and cutting transaction times down
to seconds.
“These new enhancements provide our customers much greater
levels of standardization and efficiency both in the way that they
connect with ICE ETF Hub and process creation and redemption
orders,” said Peter Borstelmann, Head of ICE ETF Hub. “We are
working closely with our customers to continue delivering key
functionality to improve the ETF primary market trading workflow,
which has been a critical part of our mission from the start.”
ICE ETF Hub is being developed as an industry-wide, open
architecture, primary market platform for ETFs, which creates a
more standardized and simplified process for ETF creation and
redemption. It currently offers support for both US-listed domestic
equity and fixed income ETFs, and plans to launch support for the
assembly of custom baskets and US-listed international equity ETFs
later in 2020. It also plans to establish connectivity to ICE
Bonds’ trading protocols, including portfolio auctions,
click-to-trade and request-for-quote (RFQ).
ICE ETF Hub is available to all market participants on an open
basis, offering flexible access to third party order management
systems, trading venues, proprietary software solutions and
connectivity firms. For more information about ICE ETF Hub, visit:
www.theice.com/etf-hub.
About Intercontinental Exchange
Intercontinental Exchange (NYSE: ICE) is a Fortune 500 company
formed in the year 2000 to modernize markets. ICE serves customers
by operating the exchanges, clearing houses and information
services they rely upon to invest, trade and manage risk across
global financial and commodity markets. A leader in market data,
ICE Data Services serves the information and connectivity needs
across virtually all asset classes. As the parent company of the
New York Stock Exchange, the company is the premier venue for
raising capital in the world, driving economic growth and
transforming markets.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its
affiliates is located at
http://www.intercontinentalexchange.com/terms-of-use. Key
Information Documents for certain products covered by the EU
Packaged Retail and Insurance-based Investment Products Regulation
can be accessed on the relevant exchange website under the heading
“Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 -- Statements in this press release regarding
ICE's business that are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion
of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see ICE's Securities and Exchange Commission (SEC)
filings, including, but not limited to, the risk factors in ICE's
Annual Report on Form 10-K for the year ended December 31, 2019, as
filed with the SEC on February 6, 2020.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200210005220/en/
ICE Media: Damon Leavell Damon.Leavell@theice.com
212-323-8587
ICE Investors: Warren Gardiner Warren.Gardiner@theice.com
770-835-0114
Intercontinental Exchange (NYSE:ICE)
Historical Stock Chart
From Apr 2024 to May 2024
Intercontinental Exchange (NYSE:ICE)
Historical Stock Chart
From May 2023 to May 2024