ICE Bonds Enhances MBS Trading With New RFQ Protocol on ICE TMC Platform
Intercontinental Exchange (NYSE: ICE) has announced the launch of a new Request-for-Quote (RFQ) protocol for Mortgage-Backed Securities (MBS) trading on its ICE TMC platform. The enhancement complements the existing MBS Click-to-Trade marketplace, offering wealth management and retail brokerage clients increased flexibility and efficiency in an anonymous trading pool.
The new RFQ functionality represents a significant step in the electronification of traditionally voice and message-driven markets, improving price discovery and execution strategies. ICE Bonds plans to integrate ICE Mortgage Technology (IMT) pricing and analytics later this year, combining MBS execution capabilities with comprehensive real estate solutions including loan manufacturing, servicing, and settlement.
ICE TMC operates as a leading anonymous all-to-all alternative trading system (ATS) for various fixed-income securities, including municipal, corporate, agency, and government bonds, as well as mortgage-backed securities and Certificates of Deposit.
Intercontinental Exchange (NYSE: ICE) ha annunciato il lancio di un nuovo protocollo Request-for-Quote (RFQ) per il trading di Mortgage-Backed Securities (MBS) sulla sua piattaforma ICE TMC. Questo miglioramento integra il marketplace MBS Click-to-Trade esistente, offrendo ai clienti di gestione patrimoniale e brokeraggio retail maggiore flessibilità ed efficienza in un pool di trading anonimo.
La nuova funzionalità RFQ rappresenta un passo importante nell’elettronificazione di mercati tradizionalmente basati su comunicazioni vocali e messaggi, migliorando la scoperta dei prezzi e le strategie di esecuzione. ICE Bonds prevede di integrare entro fine anno i prezzi e le analisi di ICE Mortgage Technology (IMT), unendo le capacità di esecuzione MBS a soluzioni immobiliari complete, tra cui la creazione di prestiti, il servicing e il regolamento.
ICE TMC opera come un sistema di trading alternativo (ATS) anonimo e all-to-all leader per diversi titoli a reddito fisso, inclusi obbligazioni municipali, societarie, agency e governative, oltre a mortgage-backed securities e certificati di deposito.
Intercontinental Exchange (NYSE: ICE) ha anunciado el lanzamiento de un nuevo protocolo Request-for-Quote (RFQ) para la negociación de Mortgage-Backed Securities (MBS) en su plataforma ICE TMC. Esta mejora complementa el mercado existente MBS Click-to-Trade, ofreciendo a clientes de gestión patrimonial y corretaje minorista mayor flexibilidad y eficiencia en un pool de negociación anónimo.
La nueva funcionalidad RFQ representa un paso significativo en la electronificación de mercados tradicionalmente basados en voz y mensajes, mejorando el descubrimiento de precios y las estrategias de ejecución. ICE Bonds planea integrar los precios y análisis de ICE Mortgage Technology (IMT) más adelante este año, combinando las capacidades de ejecución de MBS con soluciones inmobiliarias integrales que incluyen originación de préstamos, servicio y liquidación.
ICE TMC funciona como un sistema de negociación alternativo (ATS) anónimo y all-to-all líder para diversos valores de renta fija, incluyendo bonos municipales, corporativos, agency y gubernamentales, así como mortgage-backed securities y certificados de depósito.
Intercontinental Exchange (NYSE: ICE)는 ICE TMC 플랫폼에서 모기지 담보 증권(MBS) 거래를 위한 새로운 Request-for-Quote(RFQ) 프로토콜 출시를 발표했습니다. 이번 개선은 기존 MBS Click-to-Trade 마켓플레이스를 보완하여 자산관리 및 소매 중개 고객에게 익명 거래 풀에서 더욱 유연하고 효율적인 거래 환경을 제공합니다.
새로운 RFQ 기능은 전통적으로 음성 및 메시지 기반 시장의 전자화에 중요한 진전을 의미하며, 가격 발견과 실행 전략을 개선합니다. ICE Bonds는 올해 말까지 ICE Mortgage Technology (IMT)의 가격 책정 및 분석 기능을 통합할 계획으로, MBS 실행 역량과 대출 생성, 서비스, 결제 등 포괄적인 부동산 솔루션을 결합할 예정입니다.
ICE TMC는 지방채, 기업채, 기관채, 국채뿐만 아니라 모기지 담보 증권과 예금 증서 등 다양한 고정 수익 증권을 위한 선도적인 익명 all-to-all 대체 거래 시스템(ATS)으로 운영되고 있습니다.
Intercontinental Exchange (NYSE : ICE) a annoncé le lancement d’un nouveau protocole Request-for-Quote (RFQ) pour le trading de Mortgage-Backed Securities (MBS) sur sa plateforme ICE TMC. Cette amélioration complète le marché existant MBS Click-to-Trade, offrant aux clients de gestion de patrimoine et de courtage de détail une plus grande flexibilité et efficacité dans un pool de trading anonyme.
Cette nouvelle fonctionnalité RFQ représente une avancée majeure dans l’électronification de marchés traditionnellement basés sur la voix et les messages, améliorant la découverte des prix et les stratégies d’exécution. ICE Bonds prévoit d’intégrer plus tard cette année la tarification et les analyses de ICE Mortgage Technology (IMT), combinant les capacités d’exécution des MBS avec des solutions immobilières complètes incluant la création de prêts, le service et le règlement.
ICE TMC fonctionne comme un système de trading alternatif (ATS) anonyme all-to-all de premier plan pour divers titres à revenu fixe, y compris les obligations municipales, d’entreprise, agences et gouvernementales, ainsi que les mortgage-backed securities et certificats de dépôt.
Intercontinental Exchange (NYSE: ICE) hat die Einführung eines neuen Request-for-Quote (RFQ)-Protokolls für den Handel mit Mortgage-Backed Securities (MBS) auf seiner ICE TMC-Plattform bekannt gegeben. Diese Erweiterung ergänzt den bestehenden MBS Click-to-Trade-Marktplatz und bietet Vermögensverwaltungs- und Retail-Brokerage-Kunden mehr Flexibilität und Effizienz in einem anonymen Handels-Pool.
Die neue RFQ-Funktion stellt einen bedeutenden Schritt in der Elektronifizierung traditionell sprach- und nachrichtenbasierter Märkte dar und verbessert die Preisfindung sowie Ausführungsstrategien. ICE Bonds plant, noch in diesem Jahr die Preisgestaltung und Analysen von ICE Mortgage Technology (IMT) zu integrieren, wodurch MBS-Ausführungsmöglichkeiten mit umfassenden Immobilienlösungen wie Kreditvergabe, Servicing und Abwicklung kombiniert werden.
ICE TMC fungiert als führendes anonymes All-to-All-Alternative Trading System (ATS) für verschiedene festverzinsliche Wertpapiere, darunter kommunale, Unternehmens-, Agency- und Staatsanleihen sowie Mortgage-Backed Securities und Einlagenzertifikate.
- Launch of new RFQ protocol enhances trading capabilities and market access
- Platform expansion improves price discovery and execution efficiency
- Planned integration with IMT will provide comprehensive trading analytics
- None.
New RFQ Protocol provides enhanced liquidity, flexibility and efficiency for MBS trading
The ICE TMC platform now offers an enhanced suite of execution capabilities for MBS trading, providing wealth management and retail brokerage clients with a more flexible and efficient trading environment. This new RFQ feature complements the platform’s existing Click-to-Trade functionality, driving increased liquidity and execution efficiency in the MBS market.
“The addition of RFQ trading meaningfully enhances our MBS offering, expanding the ways our clients can access liquidity and engage with the market,” said Pete Borstelmann, President of ICE Bonds. “The launch of our RFQ protocol represents a key step forward in electronification of a traditionally voice and message driven market, supporting more efficient price discovery while giving customers greater flexibility to execute trades aligned with their evolving strategies.”
Later this year, ICE Bonds plans to integrate pricing and analytics from ICE Mortgage Technology (IMT) to help traders make more informed trading decisions. The combination of MBS execution on ICE TMC with IMT’s real estate solutions, including customer acquisition, loan manufacturing, servicing, and settlement, offers a unified platform for trading the MBS asset class.
ICE TMC, operated by ICE Bonds, is a leading anonymous all-to-all alternative trading system (ATS) for executing municipal, corporate, agency, and government bonds, as well as mortgage-backed securities and Certificates of Deposit. ICE TMC is part of ICE Bonds, which provides expanding fixed-income liquidity and diverse execution protocols across various asset classes.
For more information about ICE TMC, visit https://www.ice.com/fixed-income-data-services/fixed-income/ice-bonds/ice-tmc
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
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
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, 2024, as filed with the SEC on February 6, 2025.
Category: Fixed Income and Data Services
SOURCE: Intercontinental Exchange
ICE-CORP
View source version on businesswire.com: https://www.businesswire.com/news/home/20250416154110/en/
ICE Media Contact
Isabella Bezzone
+1 212 748 3948
isabella.bezzone@ice.com
ICE Investor Relations Contact
Katia Gonzalez
+1 678 981 3882
katia.gonzalez@ice.com
Source: Intercontinental Exchange
FAQ
What new trading feature has ICE Bonds launched for MBS trading?
How does the new RFQ protocol benefit ICE's MBS traders?
What integration is ICE Bonds planning for its MBS trading platform in 2024?
What types of securities can be traded on ICE TMC's alternative trading system?
