State Street Corporation (NYSE:STT) today announced the expansion of its Fund Connect ETF portal via upgrades to its Application Protocol Interface (API), now offering coverage to all clients globally including Europe and the APAC region.
Fund Connect ETF APIs have been available in the U.S. and Canada for years and account for nearly half of North American order volumes.
Fund Connect ETF is a global online portal that facilitates the creation and redemption of ETFs, designed as a single point of access to many issuers. The portal’s automated order routing solution provides access to ETFs in multiple currencies, supplying a direct link between Authorized Participants (APs), order takers, sub-advisors and sponsors.
This API expansion allows global market participants to scale their businesses and capitalize on efficiency gains and…
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