There is a sense of déjà vu in the air with talk of a $28 billion merger between Deutsche Börse and the London Stock Exchange Group (LSEG). The two have been circling around each other for years but as in the past, rival exchanges may try and break the bond. This time around the Intercontinental… Read More >>
ICE Mulls Move to Buy London Stock Exchange
Intercontinental Exchange (ICE) officials are acknowledging “recent press speculation” that they may put forth an offer to buy the LSEG, which has gone public with its potential merger of two equals with Deutsche Börse. As outlined by LSEG and Deutsche Börse officials, the potential merger would be “structured as an all-share merger of equals under… Read More >>
ICE Promotes to Fill Senior Management Posts
ICE Promotes Senior Managers Intercontinental Exchange, Inc. (ICE), the operator of clearinghouses, data services and such exchanges as the New York Stock Exchange, reports the following senior management moves: Ben Jackson, president and chief operating officer (COO) of ICE Futures U.S., has been named to the newly created post of ICE chief commercial officer, where… Read More >>
BGC Partners Sells Trayport to ICE
Intercontinental Exchange (ICE), the exchanges and clearinghouses network that includes the New York Stock Exchange, reports entering into a definitive agreement to acquire London-based vendor Trayport for $650 million in ICE common stock, representing approximately 2.5 million shares. Trayport, which licenses its technology platform to brokers for electronic and hybrid trade execution, primarily in the European over-the-counter… Read More >>
ICE to Buy Interactive Data for $5.2 Billion
Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), has entered into a definitive agreement to acquire market data and systems vendor Interactive Data Corp. for $5.2 billion in the hope that the combined company will be able to offer efficient data access via an integrated platform for analysis, valuation and connectivity… Read More >>
ISDA and ICE Take On Margining for Non-Cleared Derivatives
A key subsidiary of the Intercontinental Exchange (ICE), the owner of NYSE and other exchanges, has been tapped by the International Swaps and Derivatives Association (ISDA) to help market participants meet new margining rules for non-cleared derivatives through the usage of a crowdsourcing utility. By reaching out in this way, the ICE Benchmark Administration (IBA)… Read More >>
ICE Futures Hit with $3M Penalty for Trade Reporting Errors
Derivatives marketplace ICE Futures U.S. has been slapped with a $3 million civil monetary penalty by the CFTC over repeated failures to comply with trade reporting requirements over a 20-month period, officials say. ICE Futures U.S. is a futures and options exchange for agricultural, energy and financial contracts. It is part of the Intercontinental Exchange… Read More >>
ICE’s IBA Takes Over ISDAFIX
The International Swaps and Derivatives Association (ISDA) reports that, as of August 1, Intercontinental Exchange’s (ICE) Benchmark Administration Ltd. (IBA) has become the administrator of ISDAFIX, which was established by ISDA and others in 1998 to periodically set swap-transaction rates. ICE’s IBA was chosen in April after a competitive selection process, which began with a… Read More >>
