- October 26, 2015
- Posted by: David Tabaka
- Category: Compliance, Exchange, Market Data, News, Risk
Intercontinental Exchange, the US exchanges operator, is making an aggressive push into fixed income markets, long dominated by investment banks, with the purchase of Interactive Data (IDC) in a deal worth $5.2bn.
Atlanta-based ICE has agreed to pay Silver Lake and Warburg Pincus, IDC’s private equity owners, $3.65bn in cash and $1.55bn in common stock for IDC, which provides analytics and reference data for banks and hedge funds for hard-to-value off-exchange financial instruments.