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J.P. Morgan Integrates With ICE ETF Hub Creating Connectivity for Its ETF Issuers
Rhea-AI Impact
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Rhea-AI Sentiment
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Rhea-AI Summary
Intercontinental Exchange (NYSE: ICE) announced the integration of J.P. Morgan’s Securities Services with ICE ETF Hub, enhancing connectivity for ETF issuers. This partnership aims to streamline ETF workflows, enabling efficient creation and redemption processes for both equity and fixed income ETFs. The ETF Hub has facilitated over $1.5 trillion in notional create/redeem orders, showcasing its significance in the ETF ecosystem. J.P. Morgan's platform processes over $200 billion in net annual flows, reinforcing their role in modernizing the ETF market.
Positive
Integration with J.P. Morgan enhances ICE ETF Hub connectivity.
ETF Hub has supported over $1.5 trillion in orders since inception.
J.P. Morgan processes over $200 billion in net create/redeem flows annually.
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None.
ATLANTA & NEW YORK--(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.
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.
