ICE Bonds and MarketAxess Connect Liquidity Networks to Bring Greater Efficiency to Municipal and Corporate Bond Markets
BY Business Wire | MUNICIPAL | 08/05/24 04:10 PM EDTConnectivity to provide access to deeper liquidity in the fixed income markets
NEW YORK--(BUSINESS WIRE)--
ICE Bonds, part of Intercontinental Exchange
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With this announcement, ICE Bonds and MarketAxess
"This collaboration connects two mature liquidity networks in fixed income markets to offer new trading and risk management solutions for clients," said Pete Borstelmann, President of ICE Bonds. "By combining our complementary strengths, we aim to offer users expanded opportunities to access liquidity in corporate and municipal bonds, enhancing market efficiency and benefiting participants across both platforms."
By leveraging ICE Bonds? established retail brokerage and wealth management presence alongside MarketAxess? leadership in institutional trading, the interaction between liquidity pools aims to enhance price transparency, best execution, and overall market liquidity for all participants.
"We look forward to delivering enhanced value and innovation to our clients through this collaboration," said Rich Schiffman, Global Head of Trading Solutions at MarketAxess
About MarketAxess
MarketAxess
The press release may contain forward-looking statements, including statements within the meaning of the ?safe harbor? provisions of the United States Private Securities Litigation Reform Act of 1995 with respect to the proposed collaboration, including statements regarding the connection of liquidity networks and the anticipated benefits of such connection. These and other statements that relate to future events are based on MarketAxess? current expectations. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. More information about the factors affecting MarketAxess? business and prospects are contained in MarketAxess? periodic filings with the Securities and Exchange Commission and can be accessed at www.marketaxess.com.
About Intercontinental Exchange
Intercontinental Exchange, Inc.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange
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, 2023, as filed with the SEC on February 8, 2024.
About ICE Bonds
Trading and execution services are offered through ICE Bonds Securities Corporation or ICE Bonds, member FINRA, MSRB 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.
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Source: MarketAxess Holdings Inc.