Intercontinental Exchange announces multiple volume records for ICE ETF Hub

Intercontinental Exchange has announced multiple records for its ICE ETF Hub platform in February 2020.

During the month of February, Authorised Participants (APs) processed a total of USD27 billion in notional value through the ICE ETF Hub platform, as compared to USD22 billion in January 2020. Since its launch on 28 October, 2019, APs have processed a total of USD71 billion in notional value through the platform.

For Fixed Income, APs processed USD20.5 billion in notional value in February, as compared to USD52 billion since inception.

For Equities, APs processed USD6.6 billion in notional value in February, as compared to USD20 billion since inception.

“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,” says Peter Borstelmann, Head of ICE ETF Hub.

ICE ETF Hub has been developed as an industry-wide, open architecture, primary market platform for ETFs, which creates a more standardised 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.