ATLANTA & NEW YORK –(BUSINESS WIRE)– Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced multiple creation and redemption activity records for its ICE ETF Hub platform in February 2020.
- During the month of February, Authorized Participants (APs) processed a record $27 billion in notional value through the ICE ETF Hub platform, a 21% increase from the previous month.
- A majority of the activity was in Fixed Income, where APs processed $20.5 billion in notional value, up 17% from January.
- For Equities, APs processed $6.6 billion in notional value in February, up 7% month over month.
“As we continue to build out the ICE ETF Hub platform through the addition of new functionality and the introduction of new efficiencies to the ETF primary market, we’re pleased to see continued growth and adoption from the ETF community,” said Peter Borstelmann, Head of ICE ETF Hub.
ICE ETF Hub launched on October 21, 2019 and has been developed as an industry-wide, open architecture, primary market platform for ETFs, which creates a more standardized and simplified process for ETF creation and redemption. It currently offers support for both US-listed domestic equity and fixed income ETFs, and plans to launch support for the assembly of custom baskets and US-listed international equity ETFs later in 2020.
For more information about ICE ETF Hub, please visit: www.theice.com/etf-hub.
