cloudy.png
Thursday April 15th, 2021 7:42AM

J.P. Morgan Asset Management Joins ICE ETF Advisory Committee

By The Associated Press

ATLANTA & NEW YORK--(BUSINESS WIRE)--Jul 27, 2020--

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that JP Morgan Asset Management has joined the ICE ETF Hub advisory committee as a development partner for the platform.

“J.P. Morgan Asset Management will bring its recent expertise in building a suite of ETFs to our platform,” said Peter Borstelmann, Head of ICE ETF Hub. “As we launch new functionality, they will add valuable insights and experience to the process - particularly as we continue to roll out support for custom baskets.”

Working closely with the community of issuers, authorized participants, market makers and custodians, ICE ETF Hub was created as an open architecture platform designed to bring efficiencies and standardization to the ETF primary trading market, where shares of ETFs are created and redeemed. It currently offers support for both US-listed domestic equity and fixed income ETFs.

ICE recently launched functionality for the assembly of custom baskets in an automated way via APIs and ICE ETF Hub’s front-end user interfaces, and functionality is planned to launch in the third quarter of 2020. Connectivity between ICE ETF Hub and for secondary market cash bond execution is also planned to launch during the third quarter, and support for US-listed international equity ETFs is planned for later in 2020.

“As an issuer serving fast-growing ETF markets, we’re aware of the critical need for a robust infrastructure for the primary market that can support our customers’ needs for both investment returns and innovation,” said Joanna Gallegos, Global Head of ETF Strategy at J.P. Morgan Asset Management. “The ICE ETF Hub advisory committee is squarely focused on improving that infrastructure and we look forward to helping pursue greater efficiencies to the ETF market.”

For more information about ICE ETF Hub, please visit: .

(NYSE: ICE) is a Fortune 500 company formed in the year 2000 to modernize markets. ICE serves customers by operating the , and information services they rely upon to invest, trade and manage risk across global financial and commodity markets. A leader in market data, serves the information and connectivity needs across virtually all asset classes. As the parent company of the , the company is the premier venue for raising capital in the world, driving economic growth and transforming markets.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at . Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2019, as filed with the SEC on February 6, 2020.

An Authorized Participant is an institutional firm authorized by an ETF issuer to facilitate creations or redemptions of ETF shares.

ICE-CORP

View source version on businesswire.com:

CONTACT: ICE Media Contact:

Damon Leavell

[email protected]

212-323-8587ICE Investor Contact:

Warren Gardiner

[email protected]

770-835-0114

KEYWORD: NEW YORK GEORGIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE

SOURCE: Intercontinental Exchange

Copyright Business Wire 2020.

PUB: 07/27/2020 08:30 AM/DISC: 07/27/2020 08:30 AM

http://www.businesswire.com/news/home/20200727005189/en

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Corporate News, AP Online - Georgia News, AP Business Wire - Georgia, AP Business - Industries, AP Business - Financial Services
© Copyright 2021 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
US agents use gas, flash bangs to clear Portland protesters
A peaceful protest morphed into an intense early morning confrontation between demonstrators and law enforcement in Oregon's largest city
8:30AM ( 26 minutes ago )
Black soldiers monument faces scrutiny amid racial reckoning
Amid the national reckoning on racism, an unlikely monument is facing scrutiny: a Boston memorial to a famed Civil War unit made up of Black soldiers
8:27AM ( 28 minutes ago )
The Latest: Azar credits masks for 'plateauing' of cases
Health and Human Services Secretary Alex Azar says people “stepping up to the plate” is the reason for some of the “plateauing” in coronavirus cases being seen in Arizona, California, Florida and Texas
8:21AM ( 34 minutes ago )
Associated Press (AP)
Virus vaccine put to final test in thousands of volunteers
The world's biggest COVID-19 vaccine test got underway Monday with the first of 30,000 planned volunteers
7:28AM ( 1 hour ago )
The Latest: Belgian leaders concerned by surge in infections
Belgian health authorities say cases of COVID-19 are growing at an alarming rate amid a surge of infections in the port city of Antwerp
7:23AM ( 1 hour ago )
Lawyers summing up at Depp's libel trial against UK tabloid
Lawyers have begun summing up at Johnny Depp’s libel case against a British tabloid that accused him of abusing ex-wife Amber Heard
5:45AM ( 3 hours ago )
AP Business
Twitter and Facebook become targets in Trump and Biden ads
With just 100 days until Election Day, President Donald Trump and his Democratic rival Joe Biden aren't just attacking one another in online ads
9:46AM ( 23 hours ago )
South Africa warns COVID-19 corruption puts 'lives at risk'
South Africa’s COVID-19 response is marred by corruption allegations around its historic $26 billion economic relief package, as the country with the world’s fifth highest number of COVID-19 cases braces for more
9:04AM ( 23 hours ago )
The Latest: Ga. Democratic Senate candidate's wife has virus
Georgia Democratic Senate candidate Jon Ossoff says he’s in isolation with his wife, who contracted COVID-19
6:22PM ( 1 day ago )
AP Business - Corporate News
Porcello flops in Mets debut, Swanson's 5 RBIs lead Braves
Dansby Swanson tied his career high with five RBIs and the Atlanta Braves chased an erratic Rick Porcello during the third inning of his New York Mets debut in a 14-1 blowout
12:54AM ( 8 hours ago )
Porcello flops in Mets debut, Swanson's 5 RBIs for Braves
Dansby Swanson tied his career high with five RBIs and the Atlanta Braves chased an erratic Rick Porcello during the third inning of his New York Mets debut in a 14-1 blowout
12:52AM ( 8 hours ago )
Swanson ties career high with 5 RBIs, Braves rout Mets 14-1
Dansby Swanson tied his career high with five RBIs and the Atlanta Braves chased an erratic Rick Porcello during the third inning of his New York Mets debut in a 14-1 blowout
10:43PM ( 10 hours ago )
AP Online - Georgia News
AP Business Wire - Georgia
Trump to discuss energy, tour oil rig, raise money in Texas
The White House says President Donald Trump will shift his focus to American energy dominance when he stops in Texas later this week on a visit that will include his first tour of an oil rig
7:33PM ( 13 hours ago )
Trump talks up his rule-cutting, but courts saying otherwise
Court defeats are threatening President Donald Trump's image as a champion of regulation-cutting
11:01AM ( 1 day ago )
With no new law to curb drug costs, Trump tries own changes
President Donald Trump has been unable to land the big deal he sought with Congress to curb drug costs
12:18AM ( 2 days ago )
AP Business - Industries
Why are coins hard to find during the pandemic?
Why is there a coin shortage during the pandemic
3:32AM ( 4 days ago )
Senate panel approves Trump's controversial Fed nominee
The Senate Banking Committee approved President Donald Trump’s choice of Judy Shelton for the Federal Reserve board of governors on a party-line vote, overcoming widespread questions about her qualifications for the Fed
3:59PM ( 5 days ago )
Senate panel approves Trump's questionable Fed nominee
The Senate Banking Committee approved President Donald Trump’s controversial nominee for the Federal Reserve, Judy Shelton, on a party-line vote Tuesday
2:39PM ( 5 days ago )
AP Business - Financial Services
US agents use gas, flash bangs to clear Portland protesters
A peaceful protest morphed into an intense early morning confrontation between demonstrators and law enforcement in Oregon's largest city
8:30AM ( 26 minutes ago )
Black soldiers monument faces scrutiny amid racial reckoning
Amid the national reckoning on racism, an unlikely monument is facing scrutiny: a Boston memorial to a famed Civil War unit made up of Black soldiers
8:27AM ( 28 minutes ago )
The Latest: Azar credits masks for 'plateauing' of cases
Health and Human Services Secretary Alex Azar says people “stepping up to the plate” is the reason for some of the “plateauing” in coronavirus cases being seen in Arizona, California, Florida and Texas
8:21AM ( 34 minutes ago )
Iran moves mock aircraft carrier to sea amid US tensions
Iran has moved a mock aircraft carrier to the strategic Strait of Hormuz amid heightened tensions between Tehran and Washington
8:13AM ( 43 minutes ago )
European tourism faces turbulence only weeks after restart
Europe’s tourism revival is running into turbulence only weeks after countries opened their borders, with rising infections in Spain and other countries causing increasing concern as authorities worry about people bringing the coronavirus home from their summer vacations
8:09AM ( 47 minutes ago )