SYDNEY — February 9, 2026
Executive Summary
ETF Shares, an Australian exchange-traded fund issuer, has selected Bloomberg to electronify its ETF primary markets workflows through the adoption of BSKT, Bloomberg’s ETF creation and redemption solution. The implementation is intended to automate and standardize core primary market processes, including the electronic distribution of portfolio composition files, the submission and management of create and redeem orders, and the delivery of real-time lifecycle updates through the Bloomberg Terminal. According to Bloomberg, the deployment of BSKT enables ETF Shares to increase operational efficiency, improve workflow transparency, and support risk management across its growing ETF platform. The selection integrates ETF Shares’ primary market liquidity into Bloomberg’s electronic markets ecosystem, providing authorized participants, market makers, and asset servicing providers with a centralized, electronic framework for ETF primary market activity.
Announcement Overview
Bloomberg announced that ETF Shares has adopted BSKT, Bloomberg’s ETF creation and redemption tool, to support the automation of ETF primary markets workflows. The implementation allows ETF Shares to manage key operational processes associated with ETF creation and redemption electronically, replacing manual or fragmented workflows with standardized, system-driven processes.
According to Bloomberg, BSKT enables ETF issuers to distribute portfolio composition files for each ETF to authorized participants at the end of each trading day. For ETF Shares, this functionality supports consistent and timely dissemination of fund information required for primary market activity. The solution also provides ETF issuers with tools to manage create and redeem requests electronically, offering visibility into order status and lifecycle events.
ETF Shares will also make its primary market liquidity accessible through the Bloomberg Terminal. This integration provides a centralized environment where authorized participants can access ETF baskets, submit create and redeem requests, and receive real-time updates related to order approval, settlement, and completion. Bloomberg stated that standardized views of fund flows and order activity support internal approval processes, including compliance checks and ticketing tied to ETF primary market workflows.
The announcement reflects a broader shift within ETF markets toward electronic, standardized infrastructure designed to support scale, operational resilience, and transparency as ETF issuance and trading volumes continue to grow globally.
Key Announcement Details
- Announcement type: Technology selection and primary markets workflow electronification
- Issuer selecting technology: ETF Shares
- Technology provider: Bloomberg
- Product selected: BSKT (Bloomberg ETF Creation and Redemption Tool)
- Core objective: Electronify and automate ETF primary markets workflows
- Primary market functions covered: ETF creation workflows, ETF redemption workflows
- Operational scope: End-to-end primary market lifecycle management
- Portfolio composition file (PCF) handling: Automated daily electronic distribution of PCFs to authorized participants
- Distribution timing: End of each trading day
- Counterparties enabled: Authorized participants, market makers, ETF asset servicing providers
- Order submission method: Electronic create and redeem request submission via Bloomberg Terminal
- Order lifecycle visibility: Real-time status updates from submission through approval, settlement, and completion
- Workflow governance features: Standardized approval workflows for ETF create and redeem activity
- Compliance support: Pre-trade compliance checks embedded within primary market workflows
- Fund flow visibility: Standardized views of ETF fund flows to support portfolio management oversight
- Post-trade automation: Automated distribution of fund notifications and operational updates to asset servicing providers
- Liquidity access: Primary market ETF liquidity made accessible through the Bloomberg Terminal
- User interface: Centralized Bloomberg Terminal environment
- Technology classification: Part of Bloomberg’s ETF suite of lifecycle solutions
- Ecosystem integration: Integrated with Bloomberg Electronic Markets solutions
- Related Bloomberg services: RFQe (ETF Request-for-Quote service for secondary market ETF trading)
- Market function supported: Primary market ETF operations with connectivity to secondary market infrastructure
- Geographic reference: Australia-based ETF issuer using Bloomberg’s global infrastructure
- Announcement date: February 9, 2026
Strategic Context
According to Bloomberg, ETF primary markets have increasingly moved toward electronic infrastructure as issuers, market makers, and authorized participants seek greater efficiency, standardization, and risk control. Manual processes associated with basket creation, order submission, and lifecycle management can introduce operational bottlenecks, particularly as ETF product ranges expand and market activity increases.
The adoption of BSKT by ETF Shares reflects this industry-wide trend toward electronification of ETF primary markets. By consolidating basket access, order submission, and lifecycle monitoring into a single electronic environment, issuers can reduce operational complexity while improving transparency for internal teams and external counterparties.
Bloomberg stated that BSKT supports more flexible basket creation and standardized workflows, enabling ETF issuers to better respond to liquidity demands and operational requirements. The solution is designed to integrate with existing market infrastructure, allowing participants across the ETF ecosystem to interact through a shared, electronic framework.
BSKT Functionality and Workflow Integration
BSKT is Bloomberg’s ETF creation and redemption solution designed to automate primary market processes for ETF issuers, market makers, and authorized participants. According to Bloomberg, the tool allows market participants to create ETF baskets of underlying assets in an automated manner, supporting efficiency across the investment lifecycle.
For ETF Shares, BSKT enables the electronic distribution of portfolio composition files at the end of each trading day. These files define the assets and quantities required for ETF creation and redemption activity, and their timely distribution is essential for primary market operations. Bloomberg stated that automating this process reduces operational friction and supports consistency across counterparties.
The solution also provides a centralized interface within the Bloomberg Terminal where authorized participants can access ETF baskets, submit create and redeem requests, and track order status. Real-time updates on order progression allow participants to monitor each stage of the lifecycle, from submission through approval, settlement, and completion.
Standardized views of fund flows and order activity assist ETF portfolio managers in reviewing and approving actions tied to primary market workflows. Bloomberg indicated that this includes support for pre-trade compliance checks and ticketing processes, which are integral to risk management and operational governance.
Once orders have been approved and settled, BSKT can be used to automate the distribution of fund notifications and updates to ETF asset servicing providers. This functionality supports post-trade communication and reduces the need for manual intervention.
Primary Market Liquidity and Electronic Access
Bloomberg stated that ETF Shares will use BSKT to make its primary market liquidity accessible via the Bloomberg Terminal. This integration provides authorized participants with a single point of access for ETF primary market activity, reducing fragmentation across systems and communication channels.
The Bloomberg Terminal environment allows participants to interact with ETF baskets, submit create and redeem orders, and receive updates without relying on bilateral communication or manual file exchange. According to Bloomberg, this centralized access supports efficiency and transparency, particularly for firms managing multiple ETFs or operating across markets.
By embedding primary market workflows within the Bloomberg Terminal, ETF issuers and participants can leverage Bloomberg’s existing infrastructure, including security, connectivity, and data integration. Bloomberg indicated that this approach supports scalability as ETF platforms grow and evolve.
Statements From ETF Shares and Bloomberg
“At ETF Shares, we enjoy partnering with providers who are willing to listen clients’ feedback and make their products better,” said Cliff Man, Founder and CEO at ETF Shares.
Bloomberg emphasized the role of BSKT in supporting ETF growth and operational efficiency. “We are pleased to provide ETF Shares with an innovative solution that supports the creation, management and operation of a growing number of ETFs,” said Ben Pool, Head of Sales for Australia and New Zealand at Bloomberg. “By removing operational bottlenecks and supporting more flexible, efficient basket creation, BSKT helps firms like ETF Shares better meet liquidity demands, accelerate time to market, and deliver greater customization for clients.”
Bloomberg ETF Suite and Electronic Markets Solutions
According to Bloomberg, BSKT is part of its comprehensive ETF suite of products that support the ETF lifecycle. These tools are used by investors, issuers, market makers, and liquidity providers to manage ETF activity across primary and secondary markets.
BSKT is also part of Bloomberg’s Electronic Markets solutions, which include RFQe, Bloomberg’s ETF Request-for-Quote service. RFQe supports secondary market ETF trading by enabling electronic requests for quotes, providing market participants with tools to source liquidity and execute trades efficiently.
Bloomberg stated that the integration of BSKT with its broader electronic markets ecosystem allows participants to manage ETF activity across multiple stages of the lifecycle using a consistent technology framework. This approach is intended to support efficiency, transparency, and risk management as ETF markets continue to develop.
ETF Market Infrastructure and Industry Developments
The announcement comes amid continued growth in ETF issuance and trading globally. As ETF platforms expand, issuers face increasing operational demands associated with managing primary market activity, coordinating with authorized participants, and ensuring compliance with regulatory and risk management requirements.
According to Bloomberg, electronification of primary markets is a key component of modern ETF infrastructure. Automated basket creation, electronic order management, and standardized workflows can help issuers and participants manage scale while maintaining operational control.
The adoption of BSKT by ETF Shares reflects the growing role of technology providers in supporting ETF market infrastructure. By leveraging centralized platforms and electronic workflows, issuers can focus on product development and market engagement while relying on standardized systems for operational execution.
About ETF Shares
ETF Shares is an Australian exchange-traded fund issuer established to design, launch, and manage exchange-traded investment products for the Australian market. The firm operates as an ETF sponsor and issuer, overseeing fund structure, portfolio construction, regulatory coordination, and primary market operations in collaboration with authorized participants, market makers, custodians, and asset servicing providers.
As an issuer, ETF Shares is responsible for managing ETF creation and redemption processes, coordinating daily portfolio composition file (PCF) dissemination, and supporting secondary market liquidity through authorized participant engagement. The firm operates within Australia’s regulated ETF framework and participates in both primary and secondary market activity to support investor access and fund liquidity.
ETF Shares’ adoption of electronic primary market infrastructure reflects its focus on operational scalability as its ETF platform expands. By integrating automated workflow solutions such as Bloomberg’s BSKT, the firm supports standardized basket management, electronic create and redeem processing, real-time order lifecycle visibility, and structured post-trade communications with service providers. These capabilities are intended to support efficient risk oversight, compliance workflows, and operational consistency as ETF issuance and activity increase.
About Bloomberg
Founded in 1981, Bloomberg is a global provider of business and financial information, technology, and analytics serving participants across global financial markets. The company operates at the intersection of data, news, analytics, and workflow solutions, supporting decision-making and operational execution for institutions worldwide.
Bloomberg’s core offerings include the Bloomberg Terminal, which integrates real-time market data, news, analytics, and trading functionality across asset classes. The company also provides electronic trading and workflow solutions supporting market activity in equities, fixed income, derivatives, foreign exchange, commodities, and exchange-traded funds. Bloomberg’s technology connects investors, issuers, intermediaries, and service providers through standardized platforms designed to support transparency, efficiency, and risk management.
Within the ETF ecosystem, Bloomberg delivers infrastructure spanning the full ETF lifecycle, including primary market creation and redemption, basket management, liquidity discovery, secondary market trading, and post-trade analytics. Through its ETF suite and Electronic Markets solutions, Bloomberg supports ETF issuers, authorized participants, market makers, and asset managers across global markets. Bloomberg operates worldwide, serving customers in major financial centers across the Americas, Europe, Asia, and Australia.
Source Attribution
Source: Company announcement