J.P. Morgan Integrates With ICE ETF Hub Creating Connectivity for Its ETF Issuers
07 June 2022 - 10:30PM
Business Wire
Intercontinental Exchange, Inc. (NYSE: ICE), a leading global
provider of data, technology and market infrastructure, today
announced that J.P. Morgan’s Securities Services has integrated
with ICE ETF Hub to facilitate connectivity for its ETF
issuers.
“The integration of J.P. Morgan’s Securities Services business
into the ETF Hub builds on our mission of improving ETF workflows
by establishing connectivity for ETF issuers,” said Peter
Borstelmann, President of ICE Bonds. “This integration broadens the
ETF Hub’s community and brings greater efficiencies to our
customers.”
ICE ETF Hub continues to bring efficiencies to primary trading
workflows by providing market participants with open architecture
technology, which simplifies and standardizes the process for ETF
creation and redemption. The solution supports equity and fixed
income ETFs and allows authorized participants to use a FIX
application programming interface (API) to systematically manage
the creation and redemption process, offering users an end-to-end,
fully electronic workflow. The ETF Hub has supported over $1.5
trillion in notional create/redeem orders since its inception.
“As demand for negotiated baskets continues to grow, adopting
and using proven infrastructure to support that momentum is
critical,” said Fearghal Woods, Global Head of ETF Product in
Securities Services at J.P. Morgan. “The ICE ETF Hub provides our
customers with access to innovative workflows that help improve the
negotiation process and further expands our support capabilities in
fixed income. We are pleased to be deepening our relationship with
ICE, as together we continue to modernize and bring additional
efficiencies to the ETF ecosystem.”
J.P. Morgan serves as the administrator, custodian and ETF
service provider to various ETF issuers. Its ETF servicing platform
supports 40 Authorized Participants and over 400 traders globally,
processing over $200B in net create/redeem flows annually. J.P.
Morgan is a marketing name for the Securities Services businesses
of JPMorgan Chase Bank, N.A. and its affiliates worldwide.
For more information about ICE ETF Hub, please visit:
https://www.theice.com/exchange-traded-funds/etf-hub.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500
company that designs, builds and operates digital networks to
connect people to opportunity. We provide financial technology and
data services across major asset classes that offer our customers
access to mission-critical workflow tools that increase
transparency and operational efficiencies. We operate exchanges,
including the New York Stock Exchange, and clearing houses that
help people invest, raise capital and manage risk across multiple
asset classes. Our comprehensive fixed income data services and
execution capabilities provide information, analytics and platforms
that help our customers capitalize on opportunities and operate
more efficiently. At ICE Mortgage Technology, we are transforming
and digitizing the U.S. residential mortgage process, from consumer
engagement through loan registration. Together, we transform,
streamline and automate industries to connect our customers to
opportunity.
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 here. Other products, services, or company
names mentioned herein are the property of, and may be the service
mark or trademark of, their respective owners. 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, 2021, as
filed with the SEC on February 3, 2022.
SOURCE: Intercontinental Exchange
ICE-CORP
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version on businesswire.com: https://www.businesswire.com/news/home/20220607005390/en/
ICE Media Contact: Damon Leavell damon.leavell@ice.com
(212) 323-8587 media@ice.com ICE Investor Contact: Mary
Caroline O’Neal marycaroline.oneal@ice.com (770) 738-2151
investors@ice.com
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