State Street and Bloomberg have jointly implemented an enhancement for the institutional ETF market.
State Street Corporation (NYSE: STT) has teamed up with Bloomberg to launch an upgraded utility that helps enhance fixed income Exchange -traded fund (ETF) market, whereby assisting users in the processing and settling of ETF orders in a more streamlined and automated fashion, per a recent State Street report.
ETF trading is on the rise in the United States and other countries, which according to Broadridge’s ETF tracker has notched double-digit growth in 2016. This increase has occurred across both the retail and institutional sector, with the adoption of institutional ETFs receiving attention via the new partnership between State Street and Bloomberg.
The growing ETF industry has thus provided an impetus to upgrade the trade and settlement of these instruments in the primary market – more specifically, the aforementioned enhancement entails the assimilation of Bloomberg’s Fixed Income ETF Basket utility with TotalETF, State Street’s automated, ETF servicing solution, as well as Fund Connect, State Street’s online order management system.
For its part, Bloomberg’s service helps afford authorized participants the ability to submit orders directly from State Street, whereby generating in-kind settlement instructions based on transaction messages received from Bloomberg – the utility is slated to be available to all ETF sponsors presently serviced by State Street Global Services.
According to Frank Koudelka, Senior Vice President (SVP) at State Street Global Services, in a recent statement on the enhancement: “The proliferation of ETFs across fixed income has led to increased complexity. The enhancement will be the first, true end-to-end solution for the processing and settlement of fixed income ETF baskets, integrating the state-of-the-art capabilities of TotalETF with a global, industry-standard interface in Bloomberg’s Professional service.”
"As institutional participation in the fixed income ETF market grows, the need for workflow efficiency in the creation and redemption process will be critical. The integration of BSKT and TotalETF ensures that ETF sponsors using Bloomberg and Fund Connect will experience efficient processing of their transactions,” explained Ben Macdonald, Bloomberg's Global Head of Product, in an accompanying statement.
State Street Corporation (NYSE: STT) has teamed up with Bloomberg to launch an upgraded utility that helps enhance fixed income Exchange -traded fund (ETF) market, whereby assisting users in the processing and settling of ETF orders in a more streamlined and automated fashion, per a recent State Street report.
ETF trading is on the rise in the United States and other countries, which according to Broadridge’s ETF tracker has notched double-digit growth in 2016. This increase has occurred across both the retail and institutional sector, with the adoption of institutional ETFs receiving attention via the new partnership between State Street and Bloomberg.
The growing ETF industry has thus provided an impetus to upgrade the trade and settlement of these instruments in the primary market – more specifically, the aforementioned enhancement entails the assimilation of Bloomberg’s Fixed Income ETF Basket utility with TotalETF, State Street’s automated, ETF servicing solution, as well as Fund Connect, State Street’s online order management system.
For its part, Bloomberg’s service helps afford authorized participants the ability to submit orders directly from State Street, whereby generating in-kind settlement instructions based on transaction messages received from Bloomberg – the utility is slated to be available to all ETF sponsors presently serviced by State Street Global Services.
According to Frank Koudelka, Senior Vice President (SVP) at State Street Global Services, in a recent statement on the enhancement: “The proliferation of ETFs across fixed income has led to increased complexity. The enhancement will be the first, true end-to-end solution for the processing and settlement of fixed income ETF baskets, integrating the state-of-the-art capabilities of TotalETF with a global, industry-standard interface in Bloomberg’s Professional service.”
"As institutional participation in the fixed income ETF market grows, the need for workflow efficiency in the creation and redemption process will be critical. The integration of BSKT and TotalETF ensures that ETF sponsors using Bloomberg and Fund Connect will experience efficient processing of their transactions,” explained Ben Macdonald, Bloomberg's Global Head of Product, in an accompanying statement.
EU Parliament Imposes €10,000 Cash Payment Limit in New Anti-money Laundering Legislation
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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