Intercontinental Exchange Acquires TMC Bonds, Bolstering Fixed Income Segment

[kreslik.news]

Intercontinental Exchange (NYSE:ICE) has made its latest splash in the mergers and acquisition space. The global operator of exchanges and clearing houses has entered into an agreement to acquire TMC Bonds LLC for a sum of $685 million in cash, helping shore up its fixed income capabilities.

ICE’s purchase of TMC Bonds will also look to take advantage of the group’s anonymous trading across multiple segments. This includes click-to-trade and request-for-quote (RFQ) across a number of different asset classes including Municipals, Corporates, Treasuries, Agencies, and Certificates of Deposit.

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