ICE Buys TMC Bonds for $685 Million
The exchange has acquired the trading platform as it continues to pick up fixed-income assets.
The deal is expected to close in the second half of the year subject to regulatory approval.
ICE declined to comment on the specifics of the deal outside of publicly released information. In a statement accompanying news of the acquisition, ICE president Benjamin Jackson said that TMC Bonds would offer new choices of liquidity access for its customers.
“TMC Bonds will offer a new and complementary access point to liquidity for our customers and expand our portfolio of diverse solutions in the
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Waters Wavelength
Wavelength Podcast Episode 165: Roman Ginis on Trade Execution
The founder and CEO of Imperative Execution looks at how trade execution is changing and what that means for the buy side.
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