ICE to acquire MarketAxess in $6 billion deal
The move is set to create a “premier fixed income marketplace”; fixed income traders to benefit from consolidated liquidity, more competitive pricing, and more.
The move is set to create a “premier fixed income marketplace”; fixed income traders to benefit from consolidated liquidity, more competitive pricing, and more.
The 50-50 split venture will allow OKX clients to access ICE futures and NYSE tokenised equities markets and follows ICE’s $25 billion investment into OKX in March 2026.
The offering will allow institutional investors to estimate counterparty price commitment prior to indicating intent to trade; T.Rowe Price has signed on as an anchor client, The TRADE understands.
The functionality aims to reduce dependency on transactions via voice and chat messaging and allow clients to transmit electronic MBS requests anonymously.
Sum of deal, which will see the venue operator and technology provider acquire 100% of the electronic exchange from 7RIDGE, remains undisclosed.
ICE explained that it believes its offering will promote competition and enable the US Securities and Exchange Commission’s (SEC) policy objectives around increasing transparency and resilience in the treasury securities market.
The TRF contracts will serve as an exchange listed alternative to over-the-counter total return swaps, replicating the performance of MSCI’s indices.
Through this connection, Tigress, the only certified disabled and women-owned financial services firm, will allow its clients access to ICE Bonds’ network of liquidity providers.
Through the connectivity, TS Imagine customers have access to diverse pools of fixed income liquidity, including click-to-trade and request for quote (RFQ).
Through leveraging the ICE Global Network, Abu Dhabi Securities Exchange (ADX) aims to expand its global investor base by facilitating real-time access to market data and order entry.