State Street Corporation expands SST Alpha platform with ETF capabilities

State Street Corporation has announced that its Alpha front-to-back asset servicing platform, for institutional investment and wealth managers, will now support the entire exchange traded fund (ETF) lifecycle with front, middle and back-office capabilities.

The new State Street Alpha for ETF Issuers offering will integrate front office products with State Street’s industry ETF servicing capabilities to deliver end-to-end technology and processes for ETF issuers.

State Street Alpha provides a centralised 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.

It 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, the firm said.

According to John Plansky, head of State Street Alpha, by optimising ETF workflows with consistent data, key analytics and more efficient basketing capabilities, asset managers will be better equipped to drive investment decision making with access to near real-time data modernise their operating models as the ETF marketplace continues to grow.