ATLANTA & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges, clearing houses and data services, announced today that its subsidiary, Interactive Data Pricing and Reference Data, LLC (Interactive Data), will become the new benchmark index provider for four of BlackRock’s iShares U.S. Treasury Exchange Traded Funds (ETFs): iShares 1-3 Year Treasury Bond ETF (SHY), iShares 3-7 Year Treasury Bond ETF (IEI), iShares 7-10 Year Treasury Bond ETF (IEF) and iShares 20+ Year Treasury Bond ETF (TLT). Known as the ICE U.S. Treasury Bond Index SeriesTM, the indices will be operated by Interactive Data beginning in the second quarter of 2016.
Demand for fixed income data continues to increase, in part fueled by the growth in passive investment strategies through products such as ETFs. In 2015, bond ETFs grew at a 22% organic growth rate as more investors use ETFs to gain exposure to fixed income markets. BlackRock’s overall fixed income ETF business has $256 billion in global assets under management and offers investors a comprehensive range of options for low-cost access to the fixed income market.
“We are pleased to showcase the breadth and quality of our pricing and reference data through the creation of the ICE U.S. Treasury Bond Index Series,” said Andrew Hausman, president of Pricing and Reference Data at Interactive Data. “Customers are increasingly relying on Interactive Data’s trusted evaluated pricing to support their risk and collateral management, benchmarking, and trading requirements.”
“Choosing Interactive Data as the new benchmark provider for four of our Treasury ETFs occurred after a thorough due diligence, testing and selection process,” said Ira Shapiro, Managing Director, BlackRock. “Their proven ability to provide high quality, independent, fixed-income evaluated pricing which we already use in our CoRI™ indices, together with their expertise in index design and calculation services were important factors in our decision.”
ICE U.S. Treasury Bond Index data including daily returns can be found on www.interactivedata.com/products-services/ice-indices, and the full set of index and constituent data can be licensed by contacting Interactive Data. Clients on BlackRock’s Aladdin® and Interactive Data’s BondEdge® platforms will also have access to the summary and constituent Index data.
About Intercontinental Exchange
Intercontinental Exchange (NYSE:ICE) operates the leading network of exchanges and clearing houses. ICE’s exchanges and clearing houses serve global commodity and financial futures and equities markets. The New York Stock Exchange is the world leader in capital raising and equities trading. ICE is a leading provider of data services across global markets.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE, New York Stock Exchange, Interactive Data and Trayport. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at www.intercontinentalexchange.com/terms-of-use.
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, 2014, as filed with the SEC on February 5, 2015.
SOURCE: Intercontinental Exchange