ICE ETF Hub Launches New Basket Negotiation Technology

The ETF Hub from US exchange group ICE will now allow participants to assemble custom baskets for exchange-traded funds (ETFs) in a bid to boost liquidity and tighten bid-ask spreads. The move means ICE ETF Hub users can screen, communicate, and assemble custom baskets with issuers electronically, via FIX-enabled APIs and front-end user interfaces of the hub. To accustom participants to the new technology, ICE ETF Hub will launch a pilot program allowing customers to test the custom basket negotiation in a live setting.