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ICE Connects to Adroit’s Execution Management System
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Intercontinental Exchange (NYSE: ICE) has partnered with Adroit Trading Technologies to enhance the liquidity and execution capabilities of its ICE Bonds marketplace. This integration aims to provide users with deeper liquidity and improved price discovery across various trading protocols, including portfolio trading and RFQ. Peter Borstelmann, President of ICE Bonds, emphasized the value of combining advanced technology with access to their liquidity pools, enabling efficient trading for buyside clients.
Positive
Partnership with Adroit Trading Technologies enhances ICE Bonds' liquidity and execution capabilities.
Integration offers improved access to deep liquidity and price discovery for buyside traders.
Supports multiple trading protocols, promoting efficiency in fixed income trading.
Negative
None.
Offers Access to ICE Bonds Liquidity
ATLANTA & NEW YORK--(BUSINESS WIRE)--
Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced that ICE Bonds has connected with Adroit Trading Technologies, a premier order and execution management system (OEMS) for sophisticated over-the-counter-focused buyside traders. ICE Bonds’ fixed income over the counter marketplace will provide Adroit users with deep liquidity and price discovery across multiple protocols, including portfolio trading, request for quote (RFQ) and click-to-trade.
“As fixed income markets continue to become more electronic and automated, market participants are searching for a combination of access to liquidity and an advanced execution platform,” said Peter Borstelmann, President of ICE Bonds. “Adroit’s trading technology provides seamless visibility and access to our leading data, analytics and liquidity pools, all in one consolidated view, which is a big benefit for our customers.”
Adroit’s technology enables buyside traders to identify relevant OTC liquidity, streamline complex workflows, and trade electronically across dealers and liquidity pools. ICE Bonds’ commitment will now provide the Adroit community further access to fixed income liquidity and data to trade more efficiently.
“With its broad asset class coverage and execution protocols, ICE Bonds has a diverse customer footprint, and the addition of these venues will drive trading opportunities for our mutual buyside clients, across corporate and muni bonds,” said Anil Jaglan, Founder of Adroit. “Adroit’s EMS clients have been asking for further integration of unique pricing and liquidity sources, and we’re pleased to add comprehensive access to the ICE Bonds’ trading platforms.”
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate 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).”
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, 2020, as filed with the SEC on February 4, 2021.
About ICE Bonds
Securities products and services are offered through ICE Bonds Securities Corporation or ICE Bonds, member FINRA, MSRB, NFA 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.
Evaluated pricing (including fixed income evaluations), continuous evaluated pricing, end-of-day evaluations, 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.
