Provides straight-through access to ICE Bonds’ all-to-all municipal bond market
Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced that ICE Bonds has integrated with Perform, Investortools’ fixed income portfolio platform.
Perform offers end-to-end portfolio management including trade allocation, compliance, trade messaging and performance attribution to global institutional and private wealth managers. With this connection, Perform customers will have access to ICE Bond’s trading protocols, including click-to-trade, portfolio trading and request for quote, as well as access to deep liquidity pools for Municipals, Corporates, Treasuries, Agencies and Certificates of Deposit.
“Investortools is a leader in the municipal bond space, and has created a sophisticated platform for managing the lifecycle of the trade process for global asset and wealth managers,” said Peter Borstelmann, President of ICE Bonds. “Our growing liquidity in fixed income markets - particularly in municipal bonds - and all-to-all access via multiple trading protocols gives customers efficient execution options and flexibility for accessing our market.”
Customers will also operate in a straight-through-processing environment, with Perform providing pre-trade analytics and compliance, and trading through ICE Bonds’ execution platform.
“Providing a seamless and efficient environment for our customers to design portfolios and execute strategies has always been a key priority for us,” said Jon Anderson, Chief Product Officer and Co-Head at Investortools. “With straight-through integration to ICE Bonds, we’re thrilled to streamline trade execution for our clients and allow them to leverage ICE’s leading municipal bond market liquidity.”
ICE TMC, which is part of ICE Bonds, provides market participants with access to an open and reliable all-to-all market for trading municipal, corporate, agency and government bonds, as well as Certificates of Deposit. For municipal bonds traded over ICE TMC, over 450 unique liquidity providers have traded 272,484 distinct securities (CUSIPS) with fill rates consistently over 99% during the last two years.
For more information about ICE Bonds, please visit: https://www.theice.com/fixed-income/ice-bonds.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
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 here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
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, 2020, as filed with the SEC on February 4, 2021.
About ICE Bonds
Securities products and services are offered through ICE Bonds Securities Corporation or ICE Bonds, member FINRA, MSRB, NFA 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.
SOURCE: Intercontinental Exchange