ICE Best Execution Platform Doubles Coverage to Over 2M Fixed Income Securities

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, announced that its Best Execution service has more than doubled coverage to over 2 million fixed income securities.

“ICE’s Best Execution service provides trade-by-trade measures of relative execution quality for both on-the-run securities and those that do not generally have robust transactional data or fit into traditional execution workflows,” said Tim Monahan, Senior Director, Product Development for ICE’s Best Execution service.

The enhanced platform provides a graphical interface and enables clients to analyze best execution results for more than 2 million securities including many that are not captured by the Municipal Securities Rulemaking Board (MSRB) and Trade Reporting and Compliance Engine (TRACE) datasets, according to the official press release. Besides, different stakeholders within a company are able to view, compare and analyze execution data and results across the fixed income trading business.

“ICE has had extensive experience evaluating and providing analytics for both liquid and thinly traded fixed income securities, which customers need the most help valuing,” said Amanda Hindlian, President of Fixed Income and Data Services at ICE. “Our broad coverage has been a hallmark of our fixed income data offering, and it allows us to deliver benchmarking and trading solutions across the lifecycle of a trade, from pre-trade analysis straight through to the front-, middle- and back-office.”

Earlier this month, the Exchange unveiled its total average daily volume​ (ADV) for May up 6% y/y and total open interest (OI) up 5% y/y. Besides,J.P. Morgan’s Securities Services has integrated with ICE ETF Hub to facilitate connectivity for its ETF issuers.