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You are leaving SSGA.com

The website you are accessing is created and maintained by another entity. We make no representation or warranty with respect to the information contained on the site or that it is appropriate in all jurisdictions or countries, or for use by all investors or counterparties. The products and services discussed at this site may not be appropriate for sale or use by all investors or counterparties. By providing this link, we are not providing you with investment advice or offering securities for sale to you. All persons and entities that access this site do so on their own initiative and are responsible for compliance with applicable local laws and regulations.

You are leaving SSGA.com

The website you are accessing is created and maintained by another entity. We make no representation or warranty with respect to the information contained on the site or that it is appropriate in all jurisdictions or countries, or for use by all investors or counterparties. The products and services discussed at this site may not be appropriate for sale or use by all investors or counterparties. By providing this link, we are not providing you with investment advice or offering securities for sale to you. All persons and entities that access this site do so on their own initiative and are responsible for compliance with applicable local laws and regulations.

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Centralized Systematic Valuation Aggregated Cash Flow (ACF Files)

This information provided is calculated by Bloomberg Finance L.P., a third party not affiliated with SSGA. Neither SSGA nor its affiliates assume any liability for or guarantee the timeliness, accuracy and completeness of the information provided. The information provided is as of the date indicated and is subject to change.

This analysis or any portion thereof may not be revised or changed in any way, reprinted, sold or redistributed without the written consent of SSGA.

This cash flow table and the data contained herein (together, "Content") is provided for informational purposes only, on an "as is" basis. No source of Content, or any of its affiliates (each a "Source"), makes any warranty, express or implied, that the Content is accurate, complete or error-free, and it should not be relied upon as such. No Source guarantees the timeliness, reliability, performance, continued availability, or currency of the Content or any results obtained therefrom. No Source shall be liable for any damages, including without limitation, any special, punitive, indirect, incidental or consequential damages, or any lost profits, arising from the use of or reliance on the Content, even if advised of the possibility of such damages. Nothing in the Content shall constitute or be construed as an offering of financial instruments by any Source, or as investment advice or recommendations by such entities of an investment strategy or whether or not to "buy", "sell" or "hold" an investment.

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Resources

How to Trade ETFs

Efficient Primary and Secondary Market Trading.

Institutional investors can trade ETFs:

  • Stock Exchange
  • Over the counter (OTC)
  • Primary Market via creation/redemption mechanisms

State Street Global Advisors offer a dedicated ETF Capital Markets team to assist with connecting institutional investors to authorised participants, market makers and other liquidity providers.

Related Content

Authorised Participants (PDF)
2020 Dealing Calendar (XLSX)
2019 Dealing Calendar (XLSX)
SPDR ETFs Converts to ICSD Model (PDF)
Securities Lending Brochure (PDF)
Securities Lending Report (XLSX)
Market Maker Contacts (PDF)
Liquidity Playbook (PDF)

State Street Global Advisors Around the Globe¹

ETF Manager

#1

ETF Manager in terms of trading volume

Flows

$40 BN

Avg. Daily Volume across SPDR listings (USD)

Offering

>425

SPDR ETF listings in EMEA

Global SPDR ETF Capital Markets Team

insights-capital-markets

Offering clients true global reach

State Street has over 700+ ETFs listings globally, across America, Europe and Asia Pacific.

Education and Advice for institutions

We offer institutions:

  • Advice on execution and market structure to increase trade efficiency and reduce market impact
  • Execution strategies designed for each institution's needs
  • Thought leadership in ETF trading and investing

Data leadership and trade analysis to increase trade efficiency

We offer clients the data analytics to maximise the efficiency of their ETF trades with:

  • Pre-trade analysis
  • Indicative execution pricing
  • Liquidity data and landscape analysis

Links to Exchanges

Borsa Italiana
Deutsche Boerse
Euronext Amsterdam
Euronext Paris
London Stock Exchange
SIX Swiss Exchange

Liquidity

Understanding ETF Liquidity

One of the main advantages of ETFs is that they offer liquidity from two sources. From the surface, it may be obvious that there is liquidity as defined by the trading volume and bid/ask spread in the secondary market. Beneath this is another source of liquidity in the primary market that may often be overlooked. It is important to note that an ETF is as liquid as the underlying basket of securities it tracks.

Contact Us

Dedicated Capital Markets team in EMEA

The EMEA SPDR ETFs Capital Markets team is based in London, UK. We oversee the SPDR ETF trading ecosystem and manage relationships with: authorised participants; market makers; exchanges; platforms; and broker-dealers.

Marcus Miholich, Head of Capital Markets EMEA & APAC.
Mark Harris, ETF Capital Markets.
Amber Kim, ETF Capital Markets.
Angela Bruce, ETF Capital Markets.

Contact our Capital Markets team

1 Source: Bloomberg Finance L.P and State Street Global Advisors, as of date 12/31/2018.
Figures are computed using the average twelve months bid ask spreads per ETF launched before 2018.

Questions? Feel free to

Important Risk Information:

 

SPDR ETF is the exchange traded funds ("ETF") platform of State Street Global Advisors and is comprised of funds that have been authorised by European regulatory authorities as open-ended UCITS investment companies. SPDR ETFs may not be available or suitable for you.

 

ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.

 

Changes in exchange rates may have an adverse effect on the value, price or income of an investment. Further, there is no guarantee an ETF will achieve its investment objective.

 

SHARES IN THE FUNDS OF THE SPDR® ETF SICAV, SSGA SPDR ETFS EUROPE I AND SSGA SPDR ETFS EUROPE II PLC MAY NOT BE AVAILABLE FOR OR SUITABLE FOR YOU. THE VIEWS EXPRESSED IN THIS SITE DO NOT CONSTITUTE INVESTMENT ADVICE. INDEPENDENT ADVICE SHOULD BE SOUGHT IN CASES OF DOUBT. NEITHER THE INFORMATION NOR ANY OPINION CONTAINED ON THIS SITE CONSTITUTES A SOLICITATION OR OFFER TO BUY OR SELL SHARES OF THE FUNDS OR ANY OTHER FINANCIAL INSTRUMENT.

 

Standard & Poor's®, S&P® and SPDR® are registered trademarks of Standard & Poor's Financial Services LLC (S&P); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); and these trademarks have been licensed for use by S&P Dow Jones Indices LLC (SPDJI) and sublicensed for certain purposes by State Street Corporation. State Street Corporation's financial products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and third party licensors and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability in relation thereto, including for any errors, omissions, or interruptions of any index.

 

SPDR ETFs may be offered and sold only in those jurisdictions where authorised, in compliance with applicable regulations.

 

Information related to Mexico

 

This information does not constitute and is not intended to constitute marketing or an offer of securities and accordingly should not be construed as such. The Funds referenced herein have not been, and will not be, registered under the Mexican Securities Market Law (Ley del Mercado de Valores) and may not be publicly offered or sold in the United Mexican States. Disclosure documentation related to any of the aforementioned Funds may not be distributed publicly in Mexico and shares of the Funds may not be traded in Mexico.

 

You should obtain the Prospectus and Key Investor Information Document (KIID) relating to specific SPDR ETFs and read them carefully prior to investing. For further information and the Prospectus/KIID describing the characteristics, costs and risks of SPDR ETFs, download a Prospectus or KIID here, talk to your financial advisor, or obtain it from your local SSGA office.

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