Citi and Bloomberg announced an integration between Bloomberg's BSKT service with Citi's proprietary ACES (Citi Advanced ETF System) platform to better support Citi's ETF clients who use BSKT to negotiate fixed income baskets. BSKT is a primary market solution for negotiation, ticketing and routing ETF creation and redemption transactions. ACES features a suite of efficient workflow tools that fully automates the entire ETF process reducing time to market and cost to issuers.

The two solutions provide an optimized basket negotiation experience for mutual ETF clients who manage fixed income portfolios with improved integration and workflow. The collaboration between Citi and Bloomberg allows Citi to scale its fixed income ETF servicing business and further enhance its integrated ETF offering.