State Street Launches European Online ETF Platform

martine-bond
Martine Bond, State Street Global Exchange

State Street Global Exchange has announced the launch of FundConnect, an online trading platform for Exchange Traded Funds (ETFs) designed to enhance the speed and efficiency in European ETF order-taking process.

FundConnect enables Authorized Participants (APs) in Europe to trade multiple products through a secure online interface, allowing them to significantly reduce the time taken to complete an order by including FundConnect in the order-taking workflow.

"FundConnect transforms the way ETFs are traded in Europe by replacing the reliance on faxes and phone calls with a single, electronic platform that connects all market participants," says Martine Bond, executive vice president and head of trading and clearing at State Street Global Exchange. "Solutions to optimize front-office capabilities are a priority."

Initially launched in the US in 2008, the platform also provides APs and ETF fund sponsors with a real-time view of their orders, and allows them to run historic transactional reports directly from the platform.

  • LinkedIn  
  • Save this article
  • Print this page