Initial Advisor Report:

Consider the most suitable benchmark for a dual class structure

ICE Data Indices* offers fixed income, equity, currency, commodity and mortgage indices as well as customized index services, providing options when considering the most suitable benchmark for a Dual Share Class Structure. Over $2Trn in AUM benchmarked globally to indices administered by ICE Data Indices.

Monitoring Thresholds:

Support any numerical thresholds with historical pricing data for comparative funds 

  • Leverage iNAV data and ICE Fair Value Information Services** to provide another data point to understand if the market movements impacted the underlying values
  • Enhance liquidation cost analysis with ICE Liquidity Indicators service:

The Market Price Impact (MPI) model from the ICE Liquidity Indicators service estimates the liquidation cost of each holding, measured as a percentage of bid price, giving a position-level cost metric to calibrate and monitor against Board approved thresholds on an ongoing, daily basis.

Board Reporting:

Monitor for cost differentials between mutual fund and ETF share classes and analyze transaction costs and liquidity impacts

  • ICE Liquidity Indicators service helps to analyse liquidation scenarios, cost sensitivity, etc. to help demonstrate potential benefits and/or conflicts of interest of the dual share class structure as well as Threshold breaches.

Create /Redeem operational support:

Support the communication of instructions to redeem shares of the mutual fund or to create shares of the ETF share class

  • ICE ETF Hub provides the technical infrastructure to support the execution of orders and provide conversion evidence

ICE Fair Value Information Services** can help to estimate constituent values when their markets are closed

Launch ETFs on the NYSE

  • The NYSE offers the world’s premier venues for the listing and trading of ETFs - NYSE Arca and the New York Stock Exchange. These platforms are built on industry-leading technology that facilitates primary trading in nearly 75% of U.S. ETF assets and over 2,400 ETFs.

* Index products and services are provided by ICE Data Indices, LLC. Additional, important information is available at indices.ice.com.

** This product is provided in the US through ICE Data Pricing & Reference Data, LLC and internationally through ICE Data Services entities in Europe and Asia Pacific. ICE Data Pricing & Reference Data, LLC is a registered investment adviser with the US Securities and Exchange Commission. Additional information about ICE Data Pricing & Reference Data, LLC is available on the SEC’s website at www.adviserinfo.sec.gov.  A copy of ICE Data Pricing & Reference Data, LLC’s Form ADV is available upon request

Specifications

Geographical Coverage
North America
Data Frequency
Daily | Weekly | Monthly
Data Quality
Real-time | End-of-Day | Historical
Asset Class
Funds
Delivery Mechanism
ICE Connect | ICE Data Files | ICE Data API | ICE Consolidated Feed | ICE Consolidated History

Products


ICE Data Files

The evolution of our file-based offering. Bringing together, in a unified solution Corporate Actions, Reference Data, Analytics and our wealth of pricing datasets including ICE Evaluations, CEP, Fair Value Information Services & Listed Market Pricing.

ICE Data API

Buy-side and sell-side front offices continue to embrace more data and more technology in order to expand their opportunities and gain an edge over the competition. Enrich front office systems with ICE’s Data API solution, providing intraday access to fixed income pricing, on-demand analytics, reference data and more.

ICE Consolidated Feed

ICE Consolidated Feed is ICE’s Resilient, distributed and normalized Market data solution: providing Realtime access to Level 1,2 & 3 Market Data, News and Fundamental datasets through zero-footprint and throughput optimized API and connectivity options.

ICE Consolidated History

ICE Consolidated History is ICE’s Bulk History Offering: providing incremental updates and direct access to ICE’s archive of up to 15 years of tick-by-tick Level 1,2 and 3 historical tick level Market Data.

ICE Connect

ICE Connect brings together access to cutting-edge trading tools with real-time cross-asset data, global news, and analytics all on one platform. Whatever your role, our platform can be tailored to your workflow for optimal efficiency.

Interested In learning more about
ICE Regulatory - Dual Share Class Structures (18f-3)?