Intercontinental Exchange, Inc. × MarketAxess Holdings Inc.
Intercontinental Exchange (ICE) announced a definitive agreement to acquire MarketAxess for a total enterprise value of approximately $5.7 billion. [52, 55] The all-cash deal values the company's equity at approximately $6.0 billion. [55, 57] The acquisition combines ICE's fixed income data and analytics capabilities with MarketAxess's institutional trading network to create a more comprehensive fixed income marketplace. [52, 57]
The asset
Acquisition of a leading electronic trading platform for corporate bonds and other fixed income instruments, including its trading network and associated market data.
The record
- Seller status
- Going concern
- Sector
- Electronic fixed income trading
- Modalities
- platform, dataset
- Jurisdiction
- US
What it means if you hold data
This major acquisition consolidates two key players in the fixed income market, aiming to create a single, unified ecosystem for trading and data that serves all segments from retail to institutional. [52, 54] It underscores the high strategic value of platforms that generate proprietary trading data and control market access.