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Investortools Adds ICE Bonds’ Muni Market Data to the Investortools Dealer Network
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
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Rhea-AI Summary
Intercontinental Exchange (NYSE: ICE) has enhanced its municipal bond trading capabilities through expanded connectivity with Investortools. This integration allows users access to ICE's fixed income pricing and seamless execution protocols on the Perform platform. With over 600 market participants trading distinct securities, this move aims to improve investor efficiency in the $4 trillion municipal bond market.
ICE's focus on digitization and quality data is poised to transform investment management in this sector, ensuring clients have the tools needed for informed trading decisions.
Positive
Expanded integration with Investortools enhances municipal bond trading options.
Access to over 600 market participants with a fill rate above 99% for municipal bond trades.
Enhancers ICE’s positioning in the $4 trillion municipal bond market.
Negative
None.
Provides seamless access to ICE TMC municipal bond execution protocols
Expands access to ICE’s municipal bond data and yield curves
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 expanded its connection with Investortools’ Perform, providing executable municipal market data from ICE TMC within the Investortools Dealer Network. Customers can now use ICE’s leading fixed income pricing and yield curves, and seamlessly access the ICE Bonds municipal bond liquidity and execution protocols, on the Perform platform.
“Getting live, executable content onto Perform’s dealer network has been an important priority for us and we’re excited to offer customers seamless access to our unique and diverse liquidity pool to manage their investing needs,” said Peter Borstelmann, President of ICE Bonds. “Investortools is a leader in the municipal bond space, and is a great match for the services that we provide to the market. We’re excited to work with them to offer customers more efficient trading options and risk management solutions.”
This expanded integration builds on the connectivity ICE and Investortools announced in July 2021, and provides expanded access to ICE’s fixed income evaluated prices, analytical tools and ICE Bonds trading protocols, including click-to-trade, portfolio trading and request for quote. Customers can use these protocols to access deep liquidity in municipal bonds and other fixed income securities, including Corporates, Treasuries, Agencies and Certificates of Deposit.
“The inclusion of ICE’s municipal bond data and analytics onto Investortools’ platform will expand the reach of ICE’s comprehensive and robust muni market data,” said Amanda Hindlian, President of Fixed Income & Data Services at ICE. “ICE’s focus in the muni market has centered on digitizing, standardizing and offering quality data and analytics to help investors and market participants make informed decisions when assessing the $4 trillion municipal bond market.”
Perform offers end-to-end portfolio management including trade allocation, compliance, trade messaging and performance attribution to global institutional and private wealth managers. Customers will also operate in a straight-through-processing environment, with Perform providing pre-trade analytics and compliance, and trading through ICE Bonds’ execution platform.
“Seamless and efficient access to market data, analytics and execution venues is critical for our customers throughout the lifecycle of their trades,” said Jon Anderson, Chief Product Officer and Co-Head at Investortools. “This expanded connectivity with ICE allows us to deliver both the pre-trade tools and execution protocols that our clients need to design portfolios and execute their strategies in the municipal bond market.”
ICE TMC, which is part of ICE Bonds, provides market participants with access to an open all-to-all market for trading municipal, corporate, agency and government bonds, as well as Certificates of Deposit. For municipal bonds traded over ICE TMC, over 600 unique market participants have traded 272,484 distinct securities (CUSIPS) with fill rates consistently over 99% during the last two years.
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, 2021, as filed with the SEC on February 3, 2022.
Fixed income evaluations, CEPTM, end-of-day evaluations, evaluated curves, model-based curves, market sentiment scores 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. ICE Data Pricing & Reference Data, LLC is a registered investment adviser with the U.S. Securities and Exchange Commission.
About ICE Bonds
Trading and execution 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 investors only and is not intended for retail customer use.
