Bank of America Adopts FIX API for ICE ETF Platform

Bank of America has become the first authorized participant to implement the new FIX API for the ETF ecosystem from US exchange group ICE, according to a story in The Trade news. ICE launched its FIX API for the ICE ETF Hub in February this year, allowing authorized participants to connect to the ETF platform for managing create/redeem orders in a more automated way.  The adoption of the API provides Bank of America with an electronic workflow between its order management system and platforms of ETF issuers.