Intercontinental Exchange Inc. (NYSE: ICE) announced that its ICE ETF Hub received regulatory approval to expand operations in Europe and Australia for the receipt and transmission of orders in Exchange Traded Products.

In Europe, ICE ETF Hub received regulatory approval to operate in the Netherlands and passport into 29 additional countries, including Ireland, Luxembourg, Germany, Switzerland and France. In Australia, the platform received an Australian Market License permitting services to Australian participants.

With these additions, ICE ETF Hub can now operate in 33 countries and jurisdictions across North America, Europe and Asia. The platform serves as an automated infrastructure for the creation and redemption of ETP shares.

"As ETF assets under management have continued to grow globally, so too has the need for an automated infrastructure for the creation and redemption of ETP shares," said Peter Borstelmann, President of ICE Bonds.

ICE ETF Hub operates as an open architecture platform designed to streamline the ETP primary market workflow, simplifying the creation and redemption process across ETPs of various asset classes. The creation and redemption process manages liquidity and aligns the ETP's trading price and Net Asset Value.

The information was disclosed in a company press release.