Intercontinental Exchange, Inc. (NYSE: Ice) today announced a basic reinforcement of the protocol corresponding to the risk of bonds (RMA) for the trade negotiation of bonds, with the introduction of the liquidation of the prices of prices-an innovation pending with their patents and patents Market participants.
The RMA protocol, which is part of the Bonds’ Ice Bonds commercial solutions suite, holds weekly multiple delegates auctions weekly. He has seen strong adoption, with more than 66 registered companies and more than 700 actively involved. In RMA, traders simply upload bond reserves and the privately owned bond algorithm fits into buyers and sellers of the same securities. The pricing proposals are created using the continuous evaluated ICE pricing (CEP ™) and can be confirmed or rejected on a line or bulk base, giving participants a powerful mechanism to reduce the effectiveness of the risk and access liquidity.
Based on this success, Ice Bonds begins the clearance of pricing improvement volume (PIVC)-a new auction session that allows representatives to increase their volume in names negotiating at the RMA initial session, along with the opportunity to improve prices for bonds, participation. This innovative expansion of the transactions meeting helps participants reveal residual interest, improve pricing in previous transactions, and execute additional volume, enhance the overall effectiveness of transactions, further enhance the electronic protocol suite.
“We continue to invest in tools that help our customers manage the risk and gain access to a wide range of fixed income media,” said Ice Bonds president Peter Borstelmann. “Pivc’s launch is an immediate result of market feedback and our efforts to provide smart, intuitive solutions that optimize the quality of execution.
Ice bonds provide access to various liquidity groups and a wide range of transactions protocols, including click-in-trade auctions, requests-for-quote, scanning, portfolio and now PIVC. Ice prices and analyzes are dominated by these protocols, providing transparency and support for work flows before trade, trade and post-commercial way. Ice bond negotiation continued on record levels in the first quarter of 2025, with a fictitious volume of $ 62 billion for corporate bonds, increased by 27% from Q1 2024 and the fictitious volume of $ 48 billion in $ 20%.
“The introduction of PIVC reflects our commitment to evolve the structure of the stable income market with unique data -based solutions,” said Chris Edmonds, president of ICE fixed income and data. “It is a powerful example of the way in which execution and data can meet to create measurable benefits for our customers.”