ATLANTA & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced it has completed its acquisition of the Bank of America Merrill Lynch Global Research division’s fixed income index platform, which will become part of ICE Data Services. Terms of the agreement were not disclosed and the financial impact of the transaction will be immaterial to ICE in 2017.
“We’re excited to expand the breadth and scale of our index offering to give customers increased choice of third party benchmark solutions,” said Lynn Martin, President and COO of ICE Data Services. “With the addition of these indices, we are able to offer a comprehensive portfolio that includes the addition of more than 5,000 global fixed income, currency and commodity indices and leverages our trusted pricing and reference data solutions to meet the needs of our customers.”
The acquired indices will be renamed ICE BofAML Indices and will become part of ICE Data Services’ suite of businesses, which provides proprietary indices, and third-party index and ETF calculation services, as well as proprietary market data, pricing and analytics, desktops and connectivity solutions. ICE BofAML Indices are the second largest fixed income indices by assets under management (AUM) globally, and with the completion of this acquisition, the AUM benchmarked against the combined fixed income index business of ICE will be nearly $1 trillion.
ICE BofAML Indices will be offered alongside ICE’s existing index offering, which includes the ICE U.S. Treasury indices, which were introduced in 2015, and ICE’s index services, which serve as the basis for ETFs and structured products across fixed income, currencies, equities and commodities. The collective index families are powered by ICE Data Services’ award-winning evaluated prices, reference data and analytics, which provide high-quality information on more than 10 million financial instruments across all major asset classes, including futures, options, equities and fixed income.
The full suite of ICE BofAML Indices are available on ICE’s Global Index System (GIS), as well as a broad range of third-party research platforms and execution venues. To register for an extended complementary trial to GIS, please click here. For more information about ICE Index Services, please visit https://www.theice.com/indices.
About Intercontinental Exchange
Intercontinental Exchange (NYSE:ICE) is a Fortune 500 company that operates a leading network of global futures, equity and equity options exchanges, as well as global clearing and data services across financial and commodity markets. The New York Stock Exchange is the world leader in capital raising, listings and equities trading.
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 at www.intercontinentalexchange.com/terms-of-use.
ICE Data Services is the marketing name used for ICE Data Indices, LLC, Interactive Data Corporation and its subsidiaries globally, including Interactive Data Pricing and Reference Data LLC, Interactive Data (Europe) Ltd. and Interactive Data (Australia) Pty Ltd. And CMA Ltd. ICE Data Services is also the marketing name used for Super Derivatives (Israel) Ltd. and its subsidiaries globally and certain other data products and services offered by other affiliates of Intercontinental Exchange, Inc. (NYSE:ICE).
ICE BofAML Indices, the NYSE Index Services, ICE U.S. Treasury indices and third-party index and ETF calculation services are provided through ICE Data Indices LLC.
Evaluated pricing (including fixed income evaluations), Continuous Evaluated Pricing, end‐of‐day evaluations, evaluated pricing for listed and unlisted ADRs, and Fair Value Information Services and any other investment advisory services with respect to securities are provided in the US through Interactive Data Pricing and Reference Data LLC and internationally through Interactive Data (Europe) Ltd. and Interactive Data (Australia) Pty Ltd. Interactive Data Pricing and Reference Data LLC is a registered investment adviser with the U.S. Securities and Exchange Commission.
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, 2016, as filed with the SEC on February 7, 2017.
SOURCE: Intercontinental Exchange