ICE establishes new fixed income trading business which combines its three platforms TMC Bonds, BondPoint and ICE Credit Trade.
ICE Clear Credit is now a recognised clearing house in the country after gaining approval from the Monetary Authority of Singapore.
AllianceBernstein will use ICE Liquidity Indicators to support its compliance with the SEC’s Liquidity Risk Management Rule.
President at ICE, Benjamin Jackson, says that following the acquisitions of BondPoint and TMC Bonds, ICE will expand its RFQ services.
ICE says BondPoint platform and recently acquired TMC Bonds business are well-positioned for automation in fixed income.
New digital asset platform and ecosystem business Bakkt due to go live in November, initial focus on Bitcoin trading.
ICE said the $685 million purchase will not have any impact on the exchange’s financial results this year.
Burton-Taylor global exchange report showed industry revenues reached more than $30 billion in 2017, with ICE claiming the top spot.
ICE buys fixed income marketplace TMC Bonds in latest strategic fixed income acquisition.