State Street Expands State Street Alpha℠ with New Front-to-Back ETF Capabilities
June 13 2023 - 9:00AM
Business Wire
State Street Corporation (NYSE: STT) today announced that its
Alpha front-to-back asset servicing platform for institutional
investment and wealth managers, now supports the entire ETF
(exchange traded funds) lifecycle with front, middle and
back-office capabilities, with everything bolstered by The State
Street Alpha℠ Data Platform (ADP). The new State Street Alpha for
ETF Issuers offering integrates Charles River Development’s front
office products with State Street’s industry leading ETF servicing
capabilities to deliver end-to-end technology and processes for ETF
issuers.
“In the first 4 months of 2023, growth in ETFs showed no sign of
slowing. According to our internal research, ETFs had over US$200
billion of inflows globally, the third highest total on record1,
bringing the total ETF market to approximately US$10T,” said John
Plansky, head of State Street Alpha. “By optimizing 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
modernize their operating models as the ETF marketplace continues
to grow.”
State Street Alpha provides a centralized platform for ETF
Issuers across the entire ETF lifecycle, including portfolio
management, trading and compliance to enable growth across a
variety of ETF strategies and increase speed to market.
“For the past 30 years, State Street has continuously innovated
to support what has become a US$10T ETF marketplace. Today State
Street is the largest ETF administrator in the world with more than
2,700 ETFs serviced in 13 countries2 and provides fully integrated
global ETF servicing capabilities. This heritage of expertise has
been leveraged throughout the development of the Alpha Platform and
reaffirms our position as the forefront leader in ETF servicing,”
said Frank Koudelka, global ETF Product Specialist for State
Street.
State Street’s Alpha platform is designed as an open
architecture structure to integrate with external ETF providers as
well as State Street’s internal ETF systems. More broadly, State
Street has also established a fully integrated middle office
servicing model that has been tailored specifically for ETF
issuers.
About State Street
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $37.6 trillion in assets
under custody and/or administration and $3.6 trillion* in assets
under management as of March 31, 2023, State Street operates
globally in more than 100 geographic markets and employs
approximately 43,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
*Assets under management as of March 31, 2023 includes
approximately $59 billion of assets with respect to SPDR® products
for which State Street Global Advisors Funds Distributors, LLC
(SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated. Investing involves risk
including the risk of loss of principal.
© 2023 State Street Corporation - All Rights Reserved
5748538.1.1.AM.RTL
1
https://www.ssga.com/us/en/institutional/etfs/insights/investors-put-2022-in-the-rearview-and-double-januarys-average-etf-inflow
2 State Street Internal Research
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version on businesswire.com: https://www.businesswire.com/news/home/20230613568016/en/
Media Contact: Brendan Paul Bpaul2@statestreet.com +1 401
644 9182
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