ICE Bonds’ Risk Matching Auction Named Best Sell-Side Trading Network by WatersTechnology
15 Abril 2024 - 10:00AM
Business Wire
Intercontinental Exchange, Inc. (NYSE: ICE), a leading global
provider of technology and data, today announced that
WatersTechnology has selected ICE Bonds as Best Sell-Side Trading
Network for its Risk Matching Auction (RMA) service. This award
comes after significant product enhancements and expansion of RMA’s
network.
RMA is ICE Bonds’ dealer-to-dealer sweep solution, which was
relaunched in July 2023 as part of ICE Bonds’ suite of trading
protocols. RMA offers users a strong pool of corporate bond
liquidity across all sectors and maturities. RMA has been
recognized for its user-friendly web-based user interface and
different post trade options to provide users with a seamless
post-trade experience.
“The RMA workflow is a foundational piece in expanding ICE Bonds
into institutional corporate bond trading, and establishing
sell-side connectivity is crucial in this initiative,” said Peter
Borstelmann, President, ICE Bonds. “We’re delighted to be
recognized for our RMA solution, which empowers traders to access
liquidity post-sessions for tail risk management through existing
protocols. By leveraging our assets in execution and data, we are
confident that our modernized solution can deliver robust risk
proposals and a cost-effective alternative for customers.”
RMA provides an efficient way for traders to potentially reduce
their risk exposure by providing a robust pool of liquidity in the
corporate bond space. In the past year, some enhancements to RMA
include:
- Removing the manual aspect of post-trade services by
establishing extremely high STP penetration across several
different connectivity options with the dealer community, including
preexisting and new connections.
- Creating a sophisticated pricing algorithm that uses continuous
evaluated pricing (CEP™) derived mid-price, ICE’s proprietary
pricing data, in addition to real-time market related inputs.
- Expanding the RMA user base by adding Investment Grade and High
Yield traders across all sectors and most of the systematic trading
desks across the street.
“RMA's differentiated functionality helps us navigate markets,
leveraging explicit preferences and profiles to support strategic
decision-making,” said Marty Manion, co-Head of TD Securities
Automated Trading. “We're pleased to work with ICE Bonds, whose
platform delivers efficiencies to help support our risk management
process.”
RMA is part of the suite of services offered by ICE Bonds. ICE
Bonds offers deep liquidity pools that support multiple trading
protocols including click-to-trade, auction and RFQ, with a vast
breadth of fixed income data. Focused on execution efficiency, ICE
Bonds enables both anonymous and disclosed counterparty
interactions, and trading from odd-lots to blocks.
About ICE Bonds
Trading and execution services are offered through ICE Bonds
Securities Corporation or ICE Bonds, member FINRA, MSRB and
SIPC. The information found herein, has been prepared solely
for informational purposes and should not be considered investment
advice, is neither an offer to sell nor a solicitation of an offer
to buy any financial product(s), is intended for institutional
customers only and is not intended for retail customer use.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune
500 company that designs, builds, and operates digital networks
that connect people to opportunity. We provide financial technology
and data services across major asset classes helping our customers
access mission-critical workflow tools that increase transparency
and efficiency. ICE’s futures, equity, and options exchanges
— including the New York Stock Exchange — and clearing
houses help people invest, raise capital and manage risk. We
offer some of the world’s largest markets to trade and clear energy
and environmental products. Our fixed income, data services
and execution capabilities provide information, analytics and
platforms that help our customers streamline processes and
capitalize on opportunities. At ICE Mortgage Technology, we
are transforming U.S. housing finance, from initial consumer
engagement through loan production, closing, registration and the
long-term servicing relationship. Together, ICE transforms,
streamlines, and automates industries to connect our customers to
opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its
affiliates is located here. Key Information Documents for
certain products covered by the EU Packaged Retail and
Insurance-based Investment Products Regulation can be accessed on
the relevant exchange website under the heading “Key Information
Documents (KIDS).”
Evaluated pricing (including fixed income evaluations),
continuous evaluated pricing (CEP™), end-of-day evaluations,
evaluated curves, model-based curves, market sentiment scores,
Size-Adjusted Pricing, and Fair Value Information Services related
to securities are provided in the US through ICE Data Pricing &
Reference Data, LLC and internationally through ICE Data Services
entities in Europe and Asia Pacific.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 -- Statements in this press release regarding
ICE's business that are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion
of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see ICE's Securities and Exchange Commission (SEC)
filings, including, but not limited to, the risk factors in ICE's
Annual Report on Form 10-K for the year ended December 31, 2023, as
filed with the SEC on February 8, 2024.
Category: Fixed Income and Data Services
SOURCE: Intercontinental Exchange
ICE-CORP
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version on businesswire.com: https://www.businesswire.com/news/home/20240415207808/en/
ICE Media Contact Isabella Bezzone +1 212 748 3948
isabella.bezzone@ice.com media@theice.com ICE
Investor Relations Contact Katia Gonzalez +1 678 981 3882
katia.gonzalez@ice.com
investors@ice.com
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