- October 26, 2015
- Posted by: David Tabaka
- Category: Compliance, Exchange, Market Data, News, Risk
Deal marks a bet that corporate bonds will increasingly be traded on electronic
The owner of the New York Stock Exchange is betting billions that corporate-bond trading is moving into the modern era.
Intercontinental Exchange Inc. said Monday it agreed to buy financial-data provider Interactive Data Corp. from private-equity firms Silver Lake and Warburg Pincus LLC for $5.2 billion. ICE outbid several other suitors, reflecting its view that there is big money to be made from bond-price data as the buying and selling of corporate debt shifts to electronic marketplaces.
Read the full story here: http://www.wsj.com/articles/ice-to-buy-interactive-data-for-5-2-billion-1445868128