Having been a founding member of the ICE ETF Hub advisory committee, Citi has now signed up as an authorised participant for the exchange group’s ETF ecosystem.
Tag: ICE ETF Hub
As it becomes a member of the ICE ETF Hub advisory committee, JP Morgan Asset Management will be a key development partner for the platform.
New automated functionality for ICE ETF Hub will allow participants to assemble custom basket proposals for exchange traded funds.
The ICE ETF Hub saw record notional volume in the second quarter, after welcoming Credit Suisse and Wells Fargo as authorised participants.
ICE has further expanded the list of authorised participants engaging with its ETF Hub with Credit Suisse.
Wells Fargo joins several other major institutions as an authorised participants on the ICE ETF Hub, including Goldman Sachs and Citadel Securities.
Notional value processed through the ICE ETF Hub in the first quarter surged a huge 220% from record last month.
February was a record month of activity for the ICE ETF Hub, with $20 billion of notional processed for fixed income ETFs.
Goldman follows JP Morgan, Bank of America, Citadel Securities and Virtu Financial in joining the ICE ETF ecosystem.
Four major institutions are the first authorised participants to use the ICE ETF ecosystem, according to chief executive Jeff Sprecher.