Northern Trust it has entered into an agreement with Intercontinental Exchange (ICE) to leverage ICE ETF Hub as the order‑taking platform for its new U.S. exchange-traded funds (ETF) servicing capability for institutional investors. The integration marks a key milestone in Northern Trust’s strategic entry into the U.S. institutional investor ETF servicing market.
ICE ETF Hub provides a secure, scalable technology infrastructure that streamlines ETF primary market workflows and connects directly with authorized participants, market makers, distributors, and other essential participants in the ETF ecosystem. The platform will seamlessly integrate with Northern Trust’s fully automated, proprietary ETF servicing application.
As institutional investor demand for ETFs continues to surge, driven by strong inflows and rapid innovation across both passive and active strategies, Northern Trust is putting in place the operational and technology components necessary for U.S. ETF servicing.
“Integrating ICE ETF Hub is a key component of our overall U.S. ETF servicing strategy,” said Phil Nanof, Head of ETF Services, Americas at Northern Trust. “This proven platform supports critical ETF workflows and provides established connectivity with key market participants. This collaboration is an important step in deploying Northern Trust’s end‑to‑end, fully automated ETF servicing solution spanning fund administration, custody, and transfer agency.”
“Following a playbook that ICE has used since its founding of moving markets from analog to digital, the ICE ETF Hub, with over $5 trillion in order notional processed since inception, was designed to standardize and automate the ETF creation and redemption process to provide workflow efficiencies and connectivity that ETF issuers and service providers can rely on,” said Peter Borstelmann, President of ICE Bonds. “We look forward to supporting Northern Trust as they incorporate our technology into their U.S. ETF servicing model.”
Northern Trust’s Global Fund Services provides a complete suite of Asset Servicing solutions including fund administration, global custody, investment operations outsourcing and data solutions – supporting a range of complex investment strategies across the full spectrum of asset classes.
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