State Street has expanded the capabilities of its asset servicing platform Alpha, to serve ETF issuers and support the complete exchange traded funds (ETF) lifecycle.
Initially designed for institutional investment and wealth managers, State Street Alpha for ETF Issuers provides a centralised platform for ETF issuers to enable growth across ETF strategies and increase speed to market.
The platform now offers front-, middle- and back-office capabilities, all of which are supported by the State Street Alpha Data Platform. Alpha’s open architecture structure allows for integration with external ETF providers and State Street’s internal ETF systems.
The expansion follows recent growth in the ETF sector, with State Street reporting that the funds showed “no sign of slowing” in the first four months of 2023. Globally, the ETF market currently stands at approximately US $10 trillion, the company says.
John Plansky, head of State Street Alpha, comments: “By optimising ETF workflows with consistent data, key analytics and more efficient basketing capabilities, asset managers are better equipped to drive investment decision making with access to near real-time data, and modernise their operating models as the ETF marketplace continues to grow.”
Frank Koudelka, global ETF product specialist for State Street, adds: “For the past 30 years, State Street has continuously innovated to support the ETF marketplace. This heritage of expertise has been leveraged throughout the development of the Alpha platform.”
