Citi Securities Services and Bloomberg BSKT Integration Streamlines Fixed Income ETF Basket Negotiation

Citi and Bloomberg announced an integration between Bloomberg’s BSKT service with Citi’s proprietary ACES (Citi Advanced ETF System) platform to better support Citi’s ETF clients who use BSKT to negotiate fixed income baskets. BSKT is a primary market solution for negotiation, ticketing and routing ETF creation and redemption transactions. ACES features a suite of efficient workflow tools that fully automates the entire ETF process reducing time to market and cost to issuers. The two solutions provide an optimized basket negotiation experience for mutual ETF clients who manage fixed income portfolios with improved integration and workflow. The collaboration between Citi and Bloomberg allows Citi to scale its fixed income ETF servicing business and further enhance its integrated ETF offering. Citi’s ETF servicing model is based on modern, extensible and scalable technology that leverages Citi’s core infrastructure, global footprint and expertise to provide Global Custody and Fund Administration Services. By taking an integrated approach to enabling growth, Citi ETF Services is regularly expanding its ETF platform with innovative solutions. BSKT is a part of Bloomberg’s ETF suite of products that support the entire ETF lifecycle, and is used by investors, issuers, and liquidity providers. Portfolio analytics allow clients to analyze positions, historical performance and risk. Real-time data feeds and evaluated pricing on Bloomberg help track intraday fixed income ETF pricing across the fixed income liquidity spectrum.