ICE Credit Trade
Auction-style trading for investment grade, high yield corporate and emerging market bonds.
Gain efficiencies
- All pricing on one platform for simultaneous pricing evaluation between parties during a distinct period of time
- Accommodates a variety of portfolio sizes
- All or none execution only
- Execute a portfolio as a spread to ICE Data Services Continuous Evaluated Pricing® or end of day prices to help minimize index tracking discrepancies
- Automated execution within a set bid / offer threshold
Risk Matching Auction
A session-based protocol to efficiently trade and collapse risk exposure. Once the inventory is uploaded, the algorithm identifies off-setting risk to propose trades:
- Limit orders for larger lots
- Continuous Evaluated Pricing® for smaller lots
Portfolio Auction
A unique, automated solution to execute a portfolio of bonds on an all-or-nothing basis in a single trading session. Address specific use cases such as:
- Portfolio rebalancing
- Seeding new funds
- Relative value
The first ATS to successfully launch an RFQ for contingent bond trading:
- Ideal for relative value, block trades or bond swaps typically transacted by voice or individual series of RFQs
- Eliminates the risk of executing only only one leg of the trade
- Increase likelihood of reduced bid / offer by trading packaged risk
Related information
Customize Your Fixed Income Solution
ICE is committed to increasing transparency, execution efficiency and access to information.
Access ICE Bonds
Deep liquidity pools supporting multiple trading protocols.
Discover CEP
Continuous, independent evaluated pricing for fixed income instruments.
Learn More About CDS
Trade processing and risk management for the global CDS market.
Customize Your Fixed Income Solution
ICE is committed to increasing transparency, execution efficiency and access to information.
Access ICE Bonds
Deep liquidity pools supporting multiple trading protocols.
Discover CEP
Continuous, independent evaluated pricing for fixed income instruments.
Learn More About CDS
Trade processing and risk management for the global CDS market.
Important Disclosures
Trading and execution services are offered through ICE Bonds Securities Corporation or ICE Bonds, member FINRA, MSRB and SIPC. The information found herein, has been prepared solely for informational purposes and should not be considered investment advice, is neither an offer to sell nor a solicitation of an offer to buy any financial product(s), is intended for institutional customers only and is not intended for retail customer use. ICE Bonds offers extended hours trading on ICE BondPoint. Before engaging in extended hours trading, you should consider the points contained in ICE Bonds’ Extended Hours Trading Risk Disclosure, which can be found here.
Fixed income evaluations, continuous evaluated pricing, end-of-day evaluations, evaluated curves, model-based curves, market sentiment scores, Size-Adjusted Pricing, and Fair Value Information Services related to securities are provided in the US through ICE Data Pricing & Reference Data, LLC and internationally through ICE Data Services entities in Europe and Asia Pacific. ICE Data Pricing & Reference Data, LLC is a registered investment adviser with the US Securities and Exchange Commission. Additional information about ICE Data Pricing & Reference Data, LLC is available on the SEC's website at adviserinfo.sec.gov. A copy of ICE Data Pricing & Reference Data, LLC ’s Form ADV is available here or upon request.