Intercontinental Exchange announced the launch of ICE Bonds, which offers access to liquidity pools, multiple trading protocols and fixed income data and analytics.
ICE’s president Ben Jackson said in a statement: “As fixed income markets continue to evolve, bringing our execution platforms under a single structure and leadership team allows us to focus our efforts and provide our customers with a wide array of tools to accurately value bonds, find inventory, efficiently trade and manage risk.”
The three automated trading systems will continue to be operated by TMC Bonds and Creditex Securities Corporation for the time being. However, ICE intends to consolidate the trading systems under a single broker-dealer later this year, subject to regulatory approval.
ICE has appointed Marshall Nicholson as president of ICE Bonds to lead this new offering. Nicholson brings over 20 years of experience in the fixed income markets to this role, and will be responsible for managing the business, and overseeing new product development and sales. Before joining ICE, Nicholson was president of Millennium Advisors, a technology-driven broker dealer serving the fixed income markets and, before that, was managing director and president of BondPoint, which was part of KCG Holdings.