Bloomberg has established a new streamlined workflow between BSKT, its primary market solution for ETFs, and Brown Brothers Harriman. It claims to be the first real-time solution that provides authorized participants with a single interface for ETF order taking and negotiating ETF baskets. BSKT is a primary market solution for negotiation, ticketing and routing ETF creation and redemption transactions, and is used by ETF issuers, market makers, authorized participants, distributors, custodians and institutional investors. The collaboration between Bloomberg BSKT and BBH aims to consolidate disjointed processes across systems. The resulting integration improves workflows for authorized participants by delivering an enhanced order management experience.
