State Street unveils global cloud technology for ETF servicing

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Easing admin with global cloud technology

State Street has announced the expansion of its computing services for exchange-traded funds (ETFs), reflecting the growth in the ETF industry over the past decade.

TotalETF, State Street's computing service, now uses cloud technology that allows computers to receive software and information via the internet. The result is a global automated system that operates from basket-creation through to trade processing and settlement, according to State Street.

As more ETF managers expand into new

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