Bloomberg has announced that Australian issuer ETF Shares has adopted BSKT, an automated tool designed to streamline ETF creation and redemption workflows. By integrating this technology, ETF Shares aims to improve operational efficiency and risk management. The tool allows for the seamless distribution of portfolio composition files to authorised participants at the conclusion of each trading day, ensuring data consistency across the primary market.
The BSKT solution centralises primary market liquidity on the Bloomberg Terminal, allowing ETF Shares to manage electronic creation and redemption requests and track order lifecycles in real time. Standardised fund flow data assists portfolio managers in executing critical tasks, such as pre-trade compliance checks. Furthermore, once orders are settled, the system automates notifications to asset servicing providers, reducing manual intervention in the post-trade process.
As part of Bloomberg’s broader suite of ETF products, BSKT supports the entire investment lifecycle for issuers, investors, and liquidity providers. It complements other electronic market solutions, such as the RFQe service for secondary market trading. By automating the assembly of underlying asset baskets, the tool provides market-makers and authorised participants with a more efficient framework for managing ETF assets.
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