State Street Expands Fund Connect ETF Digital Platform

State Street Corporation announced that Fund Connect ETF will now be open to support all exchange traded fund (ETF) issuers regardless of their service provider. The platform was previously only available to issuers receiving securities services from State Street. The Fund Connect platform has long served as a conduit between Authorized Participants (APs) and issuers. Fund Connect ETF, an integral platform within State Street’s GlobalLink product suite, is a global online trading portal for the creation and redemption of ETFs, designed as a single point of access to many sponsors. For nearly twenty years, the portal’s comprehensive automated trading solution has provided direct access to ETFs in multiple currencies, supplying a direct link between market makers, APs, distributors, transfer agents, sub-advisors and sponsors. This connectivity helps support increased efficiency, reduced operational risk and enhanced communication between all parties. Fund Connect ETF is now supported in all ETF trading jurisdictions across the globe including the US, EMEA, Canada and APAC.