Exchange Traded Products
Gain Visibility into Exchange Traded Products and Fuel Investment Strategies
S&P Global provides a comprehensive view of the global ETF market to support the needs of all market participants from ETF issuers, liquidity providers including authorized participants, market makers, traders to asset allocators.
Our multi-asset ETP Composition Data solution provides daily information on the creation, redemption, tracking, and holdings baskets for multi asset class exchange traded products. The consolidated feed parses, cleanses and normalizes raw data files, significantly reducing cost and minimizing technical overhead for our clients.
The depth of our data, combined with flexible delivery options, provide clients with unique visibility into market activity across the global ETP industry. Our services power trading systems, support market research, simplify risk management and fuel investment strategies.
Key Benefits
Transparency
Gain visibility into all constituents across equity, fixed income, commodity and leveraged/inverse ETPs.
Data Integrity
Make informed decisions based on data that is meticulously processed and validated by our global team of analysts prior to market opening.
Accuracy
Calculate and hedge accurate intraday NAV using estimated cash levels that are normalized for calculation baskets across all provider methodologies.
Distribution
Benefit from flexible delivery options, including API data feed with web interface and flat file delivery via SFTP, eliminating the need to parse, cleanse and normalize raw data files.
Customers
ETF Issuers
Investment banks
Hedge Funds
Asset Managers
Market Managers
Research Firms
Ratings Agencies
Exchanges
Products and Solutions
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ETP Composition Data
S&P Global provides daily information on creation, redemption, tracking and holdings basket information for global ETPs across all asset classes.
We support the entire ETP lifecycle, ensuring comprehensive coverage and insights:
Issuance
Issuers utilize our composition data to explore investment themes and facilitate product development by tracking flows, returns and back testing constituents. Our global team of analysts, processes and validates global ETFs across all asset classes prior to the market opening, ensuring accuracy and reliability.Creation and Redemption
Authorized participants (APs) rely on our composition and reference data to determine their obligations, which include the delivering underlying assets and fees necessary for fulfilling creation and redemption orders.Valuation/Trading
Our Trading basket standardizes the treatment of corporate actions, excluded assets, and both constituent and fund level distributions. Estimated cash amounts are normalized across provider methodologies, enabling accurate intraday NAV calculation. Users can access data in a standardized way across global ETPs, regardless of the provider’s underlying structures.Investment Decision Making
Daily composition data and derived analytics provide essential support for research and strategy development. Our independent dividend forecasting equips options traders with the insights needed for more accurate pricing of ETP options.Post Trade
Our composition data empowers clients to streamline risk management processes and enhance performance attribution. -
ETP Encyclopedia
S&P Global ETP Encyclopedia dataset offers a comprehensive classification system for ETPs, organized into seven tiers. It includes benchmark and listing information, symbology, and key fund characteristics such as management fees, expense details, and legal structures.
This dataset serves as a centralized reference for detailed and normalized information on every fund listed globally across all asset classes. It encompasses over 100 data points, including total expense ratios, fund structures, and secondary market listings, categorized by asset class, type, region, and structure. This extensive data empowers industry participants to analyze the entire ETP landscape effectively.
Data is sourced directly from issuers, marketing documentation (such as Prospectuses, Factsheets, or KIIDs), and various online publications. A key differentiator of this dataset is its extensive global coverage. Our clients include delta one desks, major ETP issuers, authorized participants, market makers, and traders.
Key benefits:
Classification – Utilize a multi-tiered system that ensures uniform market exposure categorization for every ETP listed globally.
Depth – Access primary and secondary listing information available across all trading and listing venues, along with details on the creation and redemption process, including unit sizes, cut-off times, fees and settlement information.
Data integrity – Conduct accurate tracking calculations with ETPs cross-referenced to the correct variant of the underlying index.
Flexibility – Facilitate integration with internal and third-party platforms through a wide range of symbology.
Management insight – Benefit from total expense ratios, with a breakdown of management fees and other expenses, providing a holistic view of fund costs, as well as detailed management and administration information.
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iNAV
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Portfolio Composition Files
S&P Global offers ETP issuers with a calculation service and extensive distribution channels for daily portfolio composition data. We facilitate the timely construction of Portfolio Composition Files (PCFs), which outline the securities and their representative percentages, and we distribute this information through our established connections to exchanges and authorized participants. Our service encompasses multiple asset classes and supports both physical and synthetic methodologies. We deliver constituent data and a target NAV to the requested market participants before the start of daily trading.
Key Benefits:
Breadth of Service: Support for both physical and synthetic methodologies, with coverage across multiple asset classes.
Data Integrity: Rely on calculations that incorporate corporate action adjustments based on official index provider methodology announcements, as well as total and estimated cash components that account for cash dividends and daily management fees.
Distribution: Benefit from flexible data delivery through multiple channels—including European exchanges, index providers, authorized participants, and market makers—via methods such as API data feeds with web interfaces, on-site databases with desktop UIs, and flat file delivery via SFTP.
Flexibility: Leverage our calculation engine's open architecture design to quickly integrate new calculation methods and additional data import and export interfaces.
S&P Global provides daily information on creation, redemption, tracking and holdings basket information for global ETPs across all asset classes.
We support the entire ETP lifecycle, ensuring comprehensive coverage and insights:
Issuance
Issuers utilize our composition data to explore investment themes and facilitate product development by tracking flows, returns and back testing constituents. Our global team of analysts, processes and validates global ETFs across all asset classes prior to the market opening, ensuring accuracy and reliability.
Creation and Redemption
Authorized participants (APs) rely on our composition and reference data to determine their obligations, which include the delivering underlying assets and fees necessary for fulfilling creation and redemption orders.
Valuation/Trading
Our Trading basket standardizes the treatment of corporate actions, excluded assets, and both constituent and fund level distributions. Estimated cash amounts are normalized across provider methodologies, enabling accurate intraday NAV calculation. Users can access data in a standardized way across global ETPs, regardless of the provider’s underlying structures.
Investment Decision Making
Daily composition data and derived analytics provide essential support for research and strategy development. Our independent dividend forecasting equips options traders with the insights needed for more accurate pricing of ETP options.
Post Trade
Our composition data empowers clients to streamline risk management processes and enhance performance attribution.
Awards
- Best Corporate Actions Data Initiative, 2023
- Best Overall Sell-Side Technology Provider, 2023
- Most Innovative Regulatory Solution (Climate Risk & Transaction Reporting), 2023
- Best Overall Data Product or Service, 2023
Experts
S&P Global Market Intelligence
Aisling O’boyle
Aisling O'Boyle is the global head of the EBS Product Management team at S&P Global Market Intelligence.
Aisling O'Boyle
Executive Director, Global Head of ETF and Benchmarking Solutions Product Management
S&P Global Market Intelligence
Anthony Rayar
Anthony Rayar is the ETF Management Product Lead at S&P Global Market Intelligence.
Anthony Rayar
Associate Director
S&P Global Market Intelligence
Kevin Lee
Kevin Lee brings over 20 years of experience in trading ETFs and equity derivatives, having worked at both banks and broker-dealers.
Kevin Lee
Director, iNAV - Real-time pricing
S&P Global Market Intelligence
Tancrede Collard
Tancrede Collard is responsible for the design and delivery of innovative products with a focus on fund and index compositions and derived data for trading desks.
Tancrede Collard
Director, Head of Innovation, ETF and Benchmarking Solutions
S&P Global Market Intelligence
Garrett Burke
Garrett has nearly 20 years of experience in managing financial market data, with a specific focus on index data management.
Garrett Burke
Executive Director, Product Lead – Index Management, ETF and Benchmarking Solutions
Equity Custom Baskets
Access a consolidated view of all baskets in real-time. With the service fully integrated with our Index and ETF aggregation and distribution service, published information is automatically delivered out to the marketplace.
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