State Street has expanded its global servicing capability for exchange traded funds (ETFs) by leveraging cloud-enabled technology.
State Street said its enhanced ETF servicing application, TotalETF, which enables full automation throughout the lifecycle of an ETF from the basket-creation process to trade processing and settlement.
The new enhancements offer complete integration to core applications, end-to-end automation and client transparency through an ETF dashboard on the company site.
State Street’s Global Services business senior vice president Frank Koudelka said that totalETF will help solve all potential administrative pain points for ETF sponsors globally."
Other enhancements include the geographic expansion of the company’s Fund Connect ETF order management system and a daily performance attribution capability for ETFs.