Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services, announced that ICE Hub had record notional volume of $148 billion in the second quarter of 2020, compared to $137 billion in the first quarter, an increase of 9%.
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“In a very short time, we’ve seen both strong interest from the ETF community in joining ICE ETF Hub and rapid growth in activity on the platform”
This growth in activity follows the progress that ICE ETF Hub has made in building the network of ETF Hub community members. Since launching in October 2019, seven new firms have been added as authorized participants, and two of those firms – Credit Suisse and Wells Fargo – joined in the last month. Additionally, ICE ETF Hub has continued to launch new functionality that enhances the processing of ETF create and redeem orders and brings new efficiencies to the ETF primary market.
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“In a very short time, we’ve seen both strong interest from the ETF community in joining ICE ETF Hub and rapid growth in activity on the platform,” said Peter Borstelmann, Head of ICE ETF Hub. “We’re excited to continue working with issuers and authorized participants across the ETF industry to launch new functionality that will bring more transparency and streamlined access to the primary market.”
ICE ETF Hub has been developed as an industry-wide, open architecture, primary market technology solution for ETFs, which forms a more standardized and simplified process for ETF creation and redemption. It currently supports both US-listed domestic equity and fixed income ETFs.
