State Street has launched a FIX API for its Fund Connect ETF platform, its 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 through an industry protocol widely used in electronic trading. This will enable market participants to send orders directly from their OMS to the Fund Connect ETF platform, streamlining the ETF creation and redemption process. State Street recently enabled issuers or their agents to approve AP creations and redemptions via RESTful API.
