Intercontinental Exchange, the Atlanta-based owner of exchanges and clearing houses, is continuing to push into bond markets with the purchase of a trading venue owned by a group of investment banks. ICE, the owner of the New York Stock Exchange, said in a statement on Tuesday that it has agreed to acquire TMC Bonds, an electronic venue for trading a variety of fixed income instruments, including municipals, corporates, and treasuries, for $685m in cash. ...
Atlanta - based Intercontinental Exchange ( IX ) has agreed to purchase electronic trading platform TMC Bonds in a cash deal worth $ 685 million . TMC Bonds trades an assortment of fixed income products , including municipals , corporates and treasuries . The acquisition is the latest move by ICE , the owner of the New York Stock Exchange , to expand into bond markets , following its $ 400 m purchase of BondPoint in 2007 , as well as several indices from Bank of America Merrill Lynch last year .