Northern Trust Selects ICE ETF Hub to Support U.S. ETF Servicing Launch
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exchange-traded fundsfinancial
An exchange-traded fund is an investment product that bundles many stocks, bonds, or other assets into a single package that trades on a stock exchange like an individual share; think of it as a ready-made basket you can buy or sell throughout the trading day. For investors it matters because ETFs provide easy access to broad exposure, typically lower costs and built-in diversification, and the ability to adjust positions quickly without buying each asset separately.
etffinancial
An ETF, or exchange-traded fund, is like a basket of different investments such as stocks or bonds that you can buy or sell easily on the stock market, just like a regular share. It allows people to invest in many companies at once, making it a simple way to grow savings without picking individual stocks.
authorized participantsfinancial
Authorized participants are a small group of large financial firms that have a formal arrangement with an exchange-traded fund (ETF) or similar product to create and redeem shares directly with the issuer. They act like wholesalers for the fund, supplying or removing shares to keep the market price in line with the value of the underlying assets; their activity affects an ETF’s liquidity, trading costs and how closely it tracks its target holdings.
CHICAGO--(BUSINESS WIRE)--
Northern Trust (Nasdaq: NTRS) today announced 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.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2025, Northern Trust had assets under custody/administration of US$18.7 trillion, and assets under management of US$1.8 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.
