ICE moves to publish key fixed income and volatility indices in real-time

ICE Data Services has launched real-time publication of its fixed income and volatility indices, including the MOVE index.

US exchange group ICE has confirmed it will publish some of its key fixed income and volatility indices in real-time rather than at the end of the trading day.

The first indices now being published in real-time include the ICE BofA US Broad Market Index, US Corporate Index, US High Yield Index, Euro Corporate Index, Euro High Yield Index and the MOVE Index.

The indices will continue to be administered by ICE Data Services, which already offers real-time benchmarks across equity and commodities. The real-time updates can be accessed through the ICE Consolidated Feed and ICE Data Services index platform.

“With the demands of global markets evolving, we have expanded our real-time offering to the fixed income asset class, including a number of our flagship fixed income and volatility indices,” said Phil Galdi, head of indices at ICE Data Services.

“By enhancing these indices from end of day to real time publication, we offer market participants a complete view of activity across the fixed income markets throughout the trading day. This allows for more precise trading and risk management by our global customers.”

ICE acquired Bank of America Merrill Lynch’s suite of US fixed income volatility indices in October 2019. The deal included the MOVE (Merrill Lynch Option Volatility Estimate) index, often referred to as the ‘VIX for bonds’, and will be accompanied by fixed income volatility indices.

In April, ICE confirmed it would consolidate access to its fixed income trading platforms with the launch of an application that connects market participants to the ICE fixed income ecosystem. Known as ICE Select, the application provides access to liquidity from ICE BondPoint, ICE TMC and ICE Credit Trade for trading in corporates, municipals, treasuries, agencies and emerging market bonds.