ICE acquires American Financial Exchange
Sum of deal, which will see the venue operator and technology provider acquire 100% of the electronic exchange from 7RIDGE, remains undisclosed.
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.
Alongside removing significant latency, the trans-Atlantic data service will also optimise costs for investors utilising the offering.
As the buy-side increasingly seek higher quality and comprehensive data, providers are answering the call, focused on enhancing their services and increasing their scope.
CME Group, Intercontinental exchange (ICE) and Eurex Exchange all made headway with updates to their offerings during the second quarter.
The exchange and clearing house operator invested both human capital and technology to relaunch the ICE Risk Matching Auction (RMA) product – part of the ICE Bonds’ suite of trading protocols.