BNY Mellon has launched a new ETF basket construction platform. The new platform will provide asset managers with a digital workflow, backed by start-of-day NAV data, to present market-making information to liquidity providers. This solution will support asset managers in valuing, creating, and publishing basket information more efficiently.
Users will be able to customise and retrieve ETF baskets via API, as well as access the platform externally through the client gateway to view the workflow and status of outstanding processing exceptions. This latest release builds on recent investments to improve ETF workflow, including delivery of the Intelligent Basket Builder custom negotiation tool and Asset Flow Analytics dashboard in 2022 and FIX protocol connectivity in 2023.