ICE Bonds Broadens Its Fixed Income Liquidity Network with Connectivity to TS Imagine
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Insights
The integration of TS Imagine with ICE Bonds is a strategic move that can reshape the competitive landscape of fixed income trading platforms. The ability to offer seamless access to diverse pools of liquidity, including municipal and corporate bonds, is a significant enhancement for TS Imagine's offering. This connectivity not only broadens the potential user base by appealing to institutional, retail and wealth manager customer segments but also strengthens the value proposition of TS Imagine's cross-asset platform.
From a market perspective, the high fill rates over 99% for municipal bonds traded over ICE TMC indicate a robust and efficient market, which is attractive to investors seeking reliable execution. The extensive liquidity provided by over 450 unique liquidity providers trading more than 272,484 distinct securities (CUSIPs) is a testament to the depth of the market that TS Imagine customers can now tap into. This could potentially lead to increased trading volumes and higher revenues for both ICE Bonds and TS Imagine.
For investors and stakeholders, the implications of this integration are multifaceted. The access to ICE Bonds' fixed income execution protocols may lead to better price discovery and execution efficiency for TS Imagine's clients, which could translate into improved investment performance. This performance boost might attract more clients to the platform, thereby increasing TS Imagine's market share in the trading systems space.
On the financial front, the partnership could lead to revenue growth for both entities. For Intercontinental Exchange, Inc., expanding the distribution of its markets could result in higher transaction volumes and data services revenue. It is also an opportunity to leverage their existing infrastructure, potentially improving profit margins through economies of scale.
From a regulatory standpoint, the integration must comply with the stringent rules governing financial markets. Ensuring data security and privacy, as well as adherence to trading regulations, will be crucial for the sustained success of this partnership. Any failure to comply could result in reputational damage and financial penalties. However, given the pedigree of both ICE and TS Imagine, it is likely that due diligence has been thoroughly conducted to meet these regulatory requirements.
TS Imagine customers gain seamless access to ICE Bonds’ municipal and corporate bond liquidity
“TS Imagine’s cross-asset platform has become a leading tool for investors around the world and we’re pleased to be delivering ICE Bonds’ streaming municipal and corporate bond data and liquidity to their customers,” said Peter Borstelmann, President of ICE Bonds. “With seamless access over TS Imagine’s OEMS, this integration builds on our effort to expand the distribution of our markets to a broader network of investors across institutional, retail and wealth manager customer bases.”
TS Imagine offers integrated electronic front-office trading, portfolio management and financial risk management tools to the buy- and sell-side investment communities. By electing to use the ICE Bonds API for connectivity, TS Imagine’s customers will have access to diverse pools of fixed income liquidity via the ICE Bonds’ suite of trading protocols, including click-to-trade and request-for-quote (RFQ).
“Delivering an integrated platform that brings together the most important pools of liquidity from across markets is paramount for our customers, which is why we’re excited to add ICE Bonds’ leading municipal and corporate bond markets,” said Spencer Lee, Chief Markets Officer and Head of Fixed Income at TS Imagine.
With this integration, TS Imagine will have access to ICE TMC, which provides market participants with access to an all-to-all market for trading municipal, corporate, agency and government bonds, as well as Certificates of Deposit, and ICE BondPoint, which offers deep fixed income liquidity and price discovery for broker-dealers and buy-side institutions. For municipal bonds traded over ICE TMC, over 450 unique liquidity providers have traded 272,484 distinct securities (CUSIPS) with fill rates consistently over
For more information about ICE Bonds, please visit: https://www.theice.com/fixed-income/ice-bonds.
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
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).”
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, 2022, as filed with the SEC on February 2, 2023.
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 TS Imagine
TS Imagine delivers a best-in-class SaaS platform for integrated electronic front-office trading, portfolio management, and financial risk management tools to the buy-side and sell-side. Formed following the merger of TradingScreen and Imagine Software in 2021, TS Imagine innovates by drawing on nearly thirty years’ experience serving the world’s most sophisticated financial services firms through changing markets and a shifting regulatory landscape.
The TS Imagine team is focused on developing technology that empowers its clients to succeed every day, in every asset class. TS Imagine employs the best technology talent, alongside former senior traders who understand first-hand their client’s pressure points and how to address them. This complementary expertise, unique to the industry, enables TS Imagine to dive deep in areas such as data science, automation, and development. As a result, clients can focus on what they do best: generating and protecting alpha within fast evolving markets.
Category: Fixed Income and Data Services
SOURCE: Intercontinental Exchange
ICE-CORP
View source version on businesswire.com: https://www.businesswire.com/news/home/20240205755172/en/
ICE Media Contact:
Damon Leavell
+1 212 323 8587
damon.leavell@ice.com
ICE Investor Relations Contact:
Katia Gonzalez
+1 678 981 3882
katia.gonzalez@ice.com
Source: Intercontinental Exchange
FAQ
What is the recent announcement by Intercontinental Exchange, Inc. (NYSE: ICE)?
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Who expressed pleasure in delivering ICE Bonds’ streaming municipal and corporate bond data and liquidity to TS Imagine’s customers?
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