Throughout Q2 and the heightened market volatility, we continued to see an increase in adoption of the ICE ETF Hub. The Hub saw new records, including total number of orders placed, total notional processed via the Hub, record notional value of equities processed by Authorized Participants (APs) and a record $62bn in FI creation activity.
A key driver behind the increased activity was the use of our multi-order functionality, which was released in Q1. This enables APs to seamlessly and efficiently manage the booking of multiple orders.
In a continuation of our efforts to bring efficiencies to the ETF creation and redemption process, we successfully soft launched the custom basket facilitation in Q2. With this new feature, you can assemble custom baskets in a more automated way via APIs and ICE ETF Hub’s user interface. In the coming quarter, Hub users will see expanded functionality with ICE Chat and connectivity to ICE Bonds newly-launched platform ICE Fixed Income Select, to further enhance the way ETF baskets are negotiated between traders and issuers.