ICE outlines RFQ expansion
President at ICE, Benjamin Jackson, says that following the acquisitions of BondPoint and TMC Bonds, ICE will expand its RFQ services.
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.
The ETF platform will be connected to BondPoint, TMC Bonds and ICE Credit Trade and is set to begin operations in 2019.
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.