ICE Acquires Global Research Income Platform
Bank of America Merrill Lynch Global Research division’s fixed income index platform will become part of Intercontinental Exchange’s ICE Data Services.
The acquired indices will be renamed ICE BofAML and will be offered alongside ICE’s existing index offering, which includes the ICE US Treasury indices and ICE’s index services.
“We’re excited to expand the breadth and scale of our index offering to give customers increased choice of third-party benchmark solutions. With the addition of these indices, we are able to offer a comprehensive portfolio that includes the addition of more than 5,000 global fixed income, currency and commodity indices and leverages our trusted pricing and reference data solutions to meet the needs of our customers,” says Lynn Martin, president and chief operating officer of ICE Data Services, in a statement.
According to ICE, the ICE BofAML indices are the second-largest fixed income indices by assets under management globally. The company did not disclose terms of the acquisition agreement and the financial impact will be immaterial to ICE in 2017.
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