U.S. Bank is to offer its clients access to Intercontinental Exchange’s ICE ETF Hub, which provides electronic access to the ETF primary market. ICE ETF Hub, which recently surpassed USD1trn in notional create/redeem orders, is an industry-wide, open architecture technology solution, offering a standardised and simplified process for the creation and redemption of ETF shares. The hub currently supports U.S.-listed equity, fixed-income, derivative, commodity and multi-asset ETFs. U.S. Bank services more than 70 ETF clients, with more than 330 ETFs. Clients will also have access to ICE’s automated functionality, which allows ETF primary market participants to negotiate and assemble custom basket proposals.
