BankingBusiness

State Street: Launches FIX API connectivity to simplify ETF creation

State Street: Launches FIX API connectivity to simplify ETF creation

  • State Street announced the launch of a FIX application programming interface (API) for its Fund Connect ETF platform
  • A global online portal for the creation and redemption of ETFs within the firm’s GlobalLink product suite
  • The FIX enhancement, now available to all participants on the platform, offers connectivity and electronic communication
  • This will allow market participants to send orders directly from their order management system (OMS)
  • Fund Connect ETF also recently released the ability for issuers or their agents to approve AP creations
  • The new FIX connectivity method drives increased efficiency, reduced operational risk
Previous article
Clear Street: Receives Investment from IMC Investments
Next article
Lulalend: Scores $35 million Series B
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

Salmon Strengthens Fundraising for Philippines Expansion

Fintech company Salmon secures new funding to enhance its operations in the Philippines.Highlights: Salmon raises significant funds to...
FinTech

Truist Pilots Zelle Bill Payments, Strengthening Digital Banking Services

New pilot program aims to simplify bill payments through Zelle for customers.Highlights: Truist launches pilot program for Zelle...
FinTech

ACI Worldwide Strengthens Payment Solutions with Cloud-Native Platform

New platform enhances support for eight U.S. payment networks.Highlights: ACI Worldwide launches a cloud-native payment platform.The platform supports...
FinTech

LendingClub Rebrands as Happen Bank, Strengthens Digital Banking Services

The transformation aims to enhance customer engagement and streamline services.Highlights: LendingClub officially rebrands to Happen Bank.The rebrand focuses...