This report contains interviews with a range of ETF service providers, all winners at the ETF Express US Awards 2019, detailing how they see their businesses in 2019, and comment on what lies ahead for this vibrant industry…
The 'US Best Practice 2019' special report comprises five separate articles listed below, these can be read individually or as a sequence.
This report contains interviews with some of the winners in the service provider sector for the inaugural ETF Express US awards, held in New York City in October this year.
State Street Global Services: Best ETF Custody Provider & Best ETF Fund Administrator – Frank Koudelka (pictured), Senior Vice President – ETF Product Specialist at State Street Global Services, explains that globally the firm looks after 62 per cent of ETF assets, while in the US, from an administration point of view, they have close to 60 per cent of assets under management and 70 per cent in custody.
Tradeweb: Best ETF Platform – Electronic platform trading provider Tradeweb launched its US ETF platform in 2016 after a lengthy period of consulting with existing European ETF customers as well as US fixed income clients.
BNY Mellon: Best ETF Back Office Tech Provider – Jeff McCarthy (pictured), global head of Exchange Traded Funds, BNY Mellon explains the firm’s 20+ years of experience in ETFs has positioned the bank to leverage mature processes to deliver a next generation of technology solutions. Today, BNY Mellon, winner of Best ETF Back Office Tech Provider in the ETF Express US awards, services one third of all ETFs listed.
Jane Street: Best US Liquidity Provider/Market Maker – With the ETF market recently surpassing USD5.6 trillion in global assets, ETF adoption continues to be on a rapid rise. Supporting this growth are market makers who provide the necessary liquidity and efficient pricing. One such market maker, and this year’s winner of Best US Liquidity Provider / Market Maker, is global trading firm Jane Street.