State Street and Bloomberg Team Up to Foster Offer ETF Settlement

[kreslik.news]

State Street Corporation (NYSE: STT) has teamed up with Bloomberg to launch an upgraded utility that helps enhance fixed income exchange-traded fund (ETF) market, whereby assisting users in the processing and settling of ETF orders in a more streamlined and automated fashion, per a recent State Street report.

ETF trading is on the rise in the United States and other countries, which according to Broadridge’s ETF tracker has notched double-digit growth in 2016. This increase has occurred across both the retail and institutional sector, with the adoption of institutional ETFs receiving attention via the new partnership between State Street ... (read more)