ICE Bonds Sees Record Trading for Corporate, Municipal and Agency Bonds in 2024
Demand for enhanced sweeps session-based protocol for corporate bonds increases in Fourth Quarter
Trading on ICE Bonds reached record notional volume of
“The volume growth we are experiencing is primarily driven by increased adoption of our trading protocols by a combination of retail-oriented brokerage firms and institutional investors,” said Peter Borstelmann, President of ICE Bonds. “Over the past year, we’ve made significant progress in expanding our customer network, expanding our execution protocols and workflows, and introducing our unique liquidity to a more diverse set of market participants, which is resulting in record transactional activity.”
ICE Bonds attributes its strong growth in corporate bond volumes to customer adoption of its enhanced sweeps session-based protocol called Risk Matching Auction (RMA). In the fourth quarter of 2024, RMA volumes increased by
The ICE Bonds RMA allows traders to efficiently upload their inventory of bonds and our proprietary algorithm then proposes potential matches between buyers and sellers of the same bond or list of bonds. The protocol leverages ICE’s Continuous Evaluated Pricing (CEP™) to propose a pricing level for the bonds, which traders can either affirm or reject on a line-item basis or in bulk. We believe that this process gives traders an efficient way to reduce risk exposure as they access a broadening pool of fixed income liquidity.
ICE Bonds offers deep liquidity pools that support multiple trading protocols including click-to-trade, sweeps, auctions and RFQ, with a vast breadth of fixed income data. Focused on execution efficiency, ICE Bonds enables both anonymous and disclosed counterparty interactions, and trading from odd-lots to blocks for Corporates, Municipals, Agencies, Treasuries and Certificates of Deposit.
For more information about ICE Bonds, please visit https://www.ice.com/fixed-income-data-services/fixed-income/ice-bonds.
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.
Continuous Evaluated Pricing (CEP™) are provided in the US through ICE Data Pricing & Reference Data, LLC and internationally through ICE Data Services entities in
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
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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
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ICE Media Contact:
Damon Leavell
damon.leavell@ice.com
(212) 323-8587
media@ice.com
ICE Investor Contact:
Katia Gonzalez
katia.gonzalez@ice.com
(678) 981-3882
investors@ice.com
Source: Intercontinental Exchange
