ICE Data Services to Power Trading Technologies' New Fixed Income EMS
ICE is trading near its 52-week low of $136.67 (2.8% above the low).
Summary
Intercontinental Exchange's (ICE) Data Services will power Trading Technologies' new buy-side Fixed Income Execution Management System (EMS) with its market and reference data. This agreement expands the distribution of ICE's evaluated prices and reference data, including its Continuously Evaluated Price (CEP) feed, to TT's multi-asset platform. The new EMS, which unifies fixed income, futures, and FX, is expected to launch later this year. This is a positive commercial development for ICE's data services business, reinforcing its position as a key data provider in the financial markets.
At the time of this announcement, ICE was trading at $140.51 on NYSE in the Finance sector, with a market capitalization of approximately $79.5B. The 52-week trading range was $136.67 to $189.35. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.