ICE buys MarketAxess to create ‘common rails’ for fixed income
The deal, which is expected to close early next year, will further establish ICE in the fixed-income market.
Intercontinental Exchange’s acquisition of fixed-income trading platform MarketAxess will connect institutional, retail, and wealth flow through a front-to-back ecosystem, said ICE CEO Jeff Sprecher during the company’s Q2 earnings call this morning.
“You have seen this broadening market trend in the US equity securities markets, which we believe we can now further extend into the fixed-income securities markets,” he said. More than 2,100 institutional firms participate in the MarketAxess network
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