ICE ETF Hub Receives Regulatory Approval to Operate in Europe and Australia
Intercontinental Exchange, Inc. (NYSE:ICE), one of the world’s leading providers of financial market technology and data powering global capital markets, announced today that ICE ETF Hub has received regulatory approval to expand operations in Europe and Australia for the receipt and transmission of orders in Exchange Traded Products (ETP). With these two additions, ICE ETF Hub can now operate in 33 countries and jurisdictions across North America, Europe and Asia.
“As ETF assets under management (AUM) have continued to grow globally, so too has the need for an automated infrastructure for the creation and redemption of ETP shares,” said Peter Borstelmann, President of ICE Bonds. “These recent approvals further expand the reach of ICE’s ETF Hub community, building on our ongoing mission to bring standardization and greater efficiency to ETF issuer workflows globally.”
In Europe, ICE ETF Hub received regulatory approval to operate in the Netherlands and passport into 29 additional countries across Europe, including Ireland, Luxembourg, Germany, Switzerland and France, among others. In Australia, ICE ETF Hub received an Australian Market License permitting the ETF Hub to be provided to Australian participants.
