Northern Trust has announced an agreement with Intercontinental Exchange (ICE) to utilize ICE ETF Hub as the order-taking platform for its new U.
S. exchange-traded funds (ETF) servicing capability. This integration marks a key milestone in Northern Trust’s strategic entry into the U.
S. institutional investor ETF servicing market.
Institutional investor demand for ETFs continues to grow, driven by strong inflows and rapid innovation across both passive and active strategies. Northern Trust is implementing the necessary operational and technology components to support its U.
S. ETF servicing operations.
ICE ETF Hub provides a secure, scalable technology infrastructure designed to streamline ETF primary market workflows. The platform connects directly with authorized participants, market makers, distributors, and other essential participants in the ETF ecosystem. It will seamlessly integrate with Northern Trust’s fully automated, proprietary ETF servicing application.
Phil Nanof, Head of ETF Services, Americas at Northern Trust, stated, “Integrating ICE ETF Hub is a key component of our overall U.
S. ETF servicing strategy. 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.”
Peter Borstelmann, President of ICE Bonds, commented, “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. 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 offers a complete suite of Asset Servicing solutions, including fund administration, global custody, investment operations outsourcing, and data solutions. These services support various complex investment strategies across a full spectrum of asset classes. Northern Trust Corporation, founded in Chicago in 1889, is a provider of wealth management, asset servicing, asset management, and banking services globally. As of December 31, 2025, the company reported assets under custody/administration of US$18.7 trillion and assets under management of US$1.8 trillion.
