State Street completes its first AP order
16 September 2025 US
Image: OgulcanAksoy-SCA/stock.adobe.co,
State Street Corporation has completed the first Authorised Participant (AP) creation order via API for an Australian-domiciled exchange traded fund (ETF).
According to the firm, the automation of AP order flow through APIs enables greater efficiency, scalability, and operational resilience — particularly as ETF trading volumes continue to grow.
Lori Coakley, head of fund connect ETF at State Street, says: “Executing our first API order in an Australian-domiciled ETF is a clear signal of how far the industry has come in embracing automation.
“We are proud to support our clients with the infrastructure they need to scale efficiently and meet the demands of a growing market.”
Fund Connect ETF has six ETF issuers and six APs live on the platform, with more to come.
The Australian ETF market grew nearly 40 per cent in 2024, reaching a record AU$180 billion in assets under management, according to the Global X Australian ETF Market Scoop.
The firm adds that as trading activity intensifies, the need for automated, high throughput infrastructure has become increasingly critical for market participants.
Ahmed Ibrahim, head of ETF solutions APAC at State Street, adds: “We are excited to bring this level of automation to the Australian ETF ecosystem.
“This first API order is a meaningful step forward in our regional strategy, and we are already working with additional APs and issuers to expand adoption and deliver even greater operational efficiency.”
According to the firm, the automation of AP order flow through APIs enables greater efficiency, scalability, and operational resilience — particularly as ETF trading volumes continue to grow.
Lori Coakley, head of fund connect ETF at State Street, says: “Executing our first API order in an Australian-domiciled ETF is a clear signal of how far the industry has come in embracing automation.
“We are proud to support our clients with the infrastructure they need to scale efficiently and meet the demands of a growing market.”
Fund Connect ETF has six ETF issuers and six APs live on the platform, with more to come.
The Australian ETF market grew nearly 40 per cent in 2024, reaching a record AU$180 billion in assets under management, according to the Global X Australian ETF Market Scoop.
The firm adds that as trading activity intensifies, the need for automated, high throughput infrastructure has become increasingly critical for market participants.
Ahmed Ibrahim, head of ETF solutions APAC at State Street, adds: “We are excited to bring this level of automation to the Australian ETF ecosystem.
“This first API order is a meaningful step forward in our regional strategy, and we are already working with additional APs and issuers to expand adoption and deliver even greater operational efficiency.”
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