Intercontinental Exchange Completes Acquisition of Bank of America Merrill Lynch’s Global Research Index Platform
October 22 2017 - 9:00AM
Business Wire
Intercontinental Exchange (NYSE:ICE), a leading operator of
global exchanges and clearing houses and provider of data and
listings services, announced it has completed its acquisition of
the Bank of America Merrill Lynch Global Research division’s fixed
income index platform, which will become part of ICE Data Services.
Terms of the agreement were not disclosed and the financial impact
of the transaction will be immaterial to ICE in 2017.
“We’re excited to expand the breadth and scale of our index
offering to give customers increased choice of third party
benchmark solutions,” said Lynn Martin, President and COO of ICE
Data Services. “With the addition of these indices, we are able to
offer a comprehensive portfolio that includes the addition of more
than 5,000 global fixed income, currency and commodity indices and
leverages our trusted pricing and reference data solutions to meet
the needs of our customers.”
The acquired indices will be renamed ICE BofAML Indices and will
become part of ICE Data Services’ suite of businesses, which
provides proprietary indices, and third-party index and ETF
calculation services, as well as proprietary market data, pricing
and analytics, desktops and connectivity solutions. ICE BofAML
Indices are the second largest fixed income indices by assets under
management (AUM) globally, and with the completion of this
acquisition, the AUM benchmarked against the combined fixed income
index business of ICE will be nearly $1 trillion.
ICE BofAML Indices will be offered alongside ICE’s existing
index offering, which includes the ICE U.S. Treasury indices, which
were introduced in 2015, and ICE’s index services, which serve as
the basis for ETFs and structured products across fixed income,
currencies, equities and commodities. The collective index families
are powered by ICE Data Services’ award-winning evaluated prices,
reference data and analytics, which provide high-quality
information on more than 10 million financial instruments across
all major asset classes, including futures, options, equities and
fixed income.
The full suite of ICE BofAML Indices are available on ICE’s
Global Index System (GIS), as well as a broad range of third-party
research platforms and execution venues. To register for an
extended complementary trial to GIS, please click here. For more
information about ICE Index Services, please visit
https://www.theice.com/indices.
About Intercontinental Exchange
Intercontinental Exchange (NYSE:ICE) is a Fortune 500 company
that operates a leading network of global futures, equity and
equity options exchanges, as well as global clearing and data
services across financial and commodity markets. The New York Stock
Exchange is the world leader in capital raising, listings and
equities trading.
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 at
www.intercontinentalexchange.com/terms-of-use.
ICE Data Services is the marketing name used for ICE Data
Indices, LLC, Interactive Data Corporation and its subsidiaries
globally, including Interactive Data Pricing and Reference Data
LLC, Interactive Data (Europe) Ltd. and Interactive Data
(Australia) Pty Ltd. And CMA Ltd. ICE Data Services is also the
marketing name used for Super Derivatives (Israel) Ltd. and its
subsidiaries globally and certain other data products and services
offered by other affiliates of Intercontinental Exchange, Inc.
(NYSE:ICE).
ICE BofAML Indices, the NYSE Index Services, ICE U.S. Treasury
indices and third-party index and ETF calculation services are
provided through ICE Data Indices LLC.
Evaluated pricing (including fixed income evaluations),
Continuous Evaluated Pricing, end‐of‐day evaluations, evaluated
pricing for listed and unlisted ADRs, and Fair Value Information
Services and any other investment advisory services with respect to
securities are provided in the US through Interactive Data Pricing
and Reference Data LLC and internationally through Interactive Data
(Europe) Ltd. and Interactive Data (Australia) Pty Ltd. Interactive
Data Pricing and Reference Data LLC is a registered investment
adviser with the U.S. Securities and Exchange Commission.
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, 2016, as
filed with the SEC on February 7, 2017.
SOURCE: Intercontinental Exchange
ICE- CORP
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171022005052/en/
Media Contact:Damon
LeavellDamon.leavell@theice.com212-323-8587orInvestor
Contact:Warren
GardinerWarren.Gardiner@theice.com770-835-0114
Intercontinental Exchange (NYSE:ICE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Intercontinental Exchange (NYSE:ICE)
Historical Stock Chart
From Apr 2023 to Apr 2024