BNY Mellon announced the launch of its next-gen ETF basket construction platform. The new comprehensive platform will provide asset managers with a digital workflow, backed by start-of-day net asset value (NAV) data, to present vital market-making information to liquidity providers. This solution will support asset managers in valuing, creating, and publishing basket information more efficiently in the rapidly growing ETF market, allowing them to better serve their clients.

BNY Mellon collaborated with its clients to design and develop the new platform to address the evolving challenges of an ETF manager. Asset manager users of the platform will be able to customize and retrieve ETF baskets via API, as well as access the platform externally through the client gateway to view the workflow and status of outstanding processing exceptions. This latest release builds on recent investments to improve ETF workflow, including delivery of the Intelligent Basket Builder custom negotiation tool and Asset Flow Analytics dashboard in 2022 and financial information exchange (FIX) protocol connectivity in 2023.

BNY Mellon's ETF platform supports comprehensive technology across nearly 2,000 ETFs, presenting an all-in-one global solution for fund providers across the US, Europe, Canada, and APAC. It draws on BNY Mellon's 240 years of experience and data from overseeing nearly $50 trillion in assets for clients across the financial lifecycle ? managing it, moving it, and keeping it safe.