ICE Best Execution Platform Expands Coverage to Over 2 Million Fixed Income Securities
13 June 2022 - 10:30PM
Business Wire
New viewer allows for optimized usage across
the front-, middle- and back-office
Intercontinental Exchange, Inc. (NYSE: ICE), a leading global
provider of data, technology and market infrastructure, today
announced enhancements to its Best Execution service, which more
than doubles coverage to over 2 million fixed income instruments.
This product expansion includes an extensive library of both liquid
and less liquid, hard-to-value instruments across sovereigns,
investment grade and high yield corporates, emerging markets, money
market, U.S. municipals, agency pass-throughs, convertibles, and
securitized assets including CMOs, ABS and MBS.
“For many fixed income securities, which don’t trade often,
there is little-to-no trade data in the public domain, making them
difficult to value, and requiring large amounts of proprietary data
or history to properly examine, track and document best execution
metrics,” said Tim Monahan, Senior Director, Product Development
for ICE’s Best Execution service. “ICE’s Best Execution service
provides trade-by-trade measures of relative execution quality for
both on-the-run securities and those that do not generally have
robust transactional data or fit into traditional execution
workflows.”
The new web-based Best Execution platform offers a graphical
interface and allows customers to analyze best execution results
for more than 2 million securities including many that are not
captured by the Municipal Securities Rulemaking Board (MSRB) and
Trade Reporting and Compliance Engine (TRACE) datasets. It allows
different stakeholders within a company to view, compare and
analyze execution data and results across the fixed income trading
business. Together, these enhancements offer an easier-to-use
interface and more detailed best execution data and transaction
cost analysis, which helps customers quantify and compare relative
performance for their trades and execution strategies.
“ICE has had extensive experience evaluating and providing
analytics for both liquid and thinly traded fixed income
securities, which customers need the most help valuing,” said
Amanda Hindlian, President of Fixed Income and Data Services at
ICE. “Our broad coverage has been a hallmark of our fixed income
data offering, and it allows us to deliver benchmarking and trading
solutions across the lifecycle of a trade, from pre-trade analysis
straight through to the front-, middle- and back-office.”
ICE’s Best Execution service leverages ICE Continuous Evaluated
Pricing™ to help traders, portfolio managers and compliance
officers more closely monitor trading activities, meet regulatory
compliance requirements and measure trading effectiveness across a
growing number of venues and protocols. To learn more about ICE’s
Best Execution service, please visit:
https://www.theice.com/market-data/pricing-and-analytics/analytics/bestexecution.
About Intercontinental Exchange
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. Other products, services, or company
names mentioned herein are the property of, and may be the service
mark or trademark of, their respective owners. 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.
ICE Best Execution Service, ICE Liquidity Indicators, fixed
income evaluations, continuous evaluated pricing, 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.
SOURCE: Intercontinental Exchange
ICE-CORP
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ICE Media Contact: Damon Leavell damon.leavell@ice.com
(212) 323-8587
media@ice.com
ICE Investor Contact: Mary Caroline O’Neal
marycaroline.oneal@ice.com (770) 738-2151
investors@ice.com
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