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ICE Bonds

Make the connection from pre-trade analytics to liquidity and risk management.

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Efficiency and precision for fixed income trading


Success at every stage across pre-trade analytics, liquidity access and risk management is critical to ensure an efficient trading lifecycle. For complex asset classes like fixed income, a solution that covers all aspects of the trade cycle can deliver greater efficiency and precision.

ICE provides access to comprehensive pricing, liquidity and risk management solutions for bond trading that can help streamline the trading lifecycle for asset managers, banks or corporations.

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Data & Analytics


ICE provides access to comprehensive pricing, liquidity and risk management solutions for bond trading that can help streamline the trading lifecycle for asset managers, banks or corporates.

Robust evaluations and pricing data

Take advantage of comprehensive multi-asset class coverage including evaluated pricing, listed markets pricing, market data and insights.
Robust evaluations and pricing data

Market-leading reference data

Access high-quality reference data on 43+ million financial instruments across a range of asset classes.

Market-leading reference data

Intelligent analytics

Support pre-trade decision-making and post-trade risk management and regulatory compliance with analytics tools.

Intelligent analytics

Flexible Index Solutions

We produce over 300 indices covering the breadth of municipal bond markets, backed by over three decades of experience. The indices are available through the ICE Index Platform, which offers detailed reporting and analyses and a powerful index customization tool.

Flexible Index Solutions

Size-Adjusted Pricing

ICE’s Size-Adjusted Pricing can help support a wide range of applications across the front, middle and back offices for valuing transactions and/or holdings that are smaller than institutional round lot positions.

Size-Adjusted Pricing

Robust evaluations and pricing data

Take advantage of comprehensive multi-asset class coverage including evaluated pricing, listed markets pricing, market data and insights.
Robust evaluations and pricing data

Market-leading reference data

Access high-quality reference data on 43+ million financial instruments across a range of asset classes.

Market-leading reference data

Intelligent analytics

Support pre-trade decision-making and post-trade risk management and regulatory compliance with analytics tools.

Intelligent analytics

Flexible Index Solutions

We produce over 300 indices covering the breadth of municipal bond markets, backed by over three decades of experience. The indices are available through the ICE Index Platform, which offers detailed reporting and analyses and a powerful index customization tool.

Flexible Index Solutions

Size-Adjusted Pricing

ICE’s Size-Adjusted Pricing can help support a wide range of applications across the front, middle and back offices for valuing transactions and/or holdings that are smaller than institutional round lot positions.

Size-Adjusted Pricing
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Trade Execution


ICE Bonds offers deep liquidity pools that support multiple trading protocols including click-to-trade, auction and RFQ, along with comprehensive coverage of fixed income data.

Focused on execution efficiency, ICE Bonds enables both anonymous and disclosed counterparty interactions, and trading from odd-lots to blocks.

Click to Trade

  • Containing live and executable quotes across multiple fixed income asset classes

RFQ

  • Supporting anonymous and disclosed protocols for spread and price-based requests, enhanced by deep order-book liquidity

Risk Matching Auction (RMA)

  • ICE Bonds’ dealer-to-dealer sweep solution offered through our web-based interface

Auction Protocol

  • Execution protocol for corporate and emerging market bonds offering risk-matching and portfolio auctions

ETF Hub

  • Connecting market participants in the primary markets for exchange traded products

Latest insights


The Changing Face of Municipal Bond Markets

ICE Bonds, together with The Bond Buyer and Arizent, surveyed municipal market bond participants about where they find liquidity and the protocols they use. Results suggest that barriers to adopting electronic trading for municipal bonds have receded, as the industry recognizes the ways in which digitization can enhance relationship-style trading that has dominated the asset class.

ICE Size-Adjusted Pricing for fixed income

The fixed income marketplace has historically been dominated by large institutions transacting in round lot sizes. In recent years, an increasing diversity of market participants, including investors, separately managed accounts (SMAs) and ETF creations/redemptions, have led to a greater variety and quantity of transactions.

Modernizing the Muni market

The municipal bond market has historically been challenging to navigate. In a fragmented sector, financial data can be scarce, and pricing can be opaque. Electronic trading is changing that. By making bond data more widely available and digestible, these systems can offer significant efficiency gains via greater transparency, improved inventory management and access to a wider range of liquidity pools and counterparties.

The Changing Face of Municipal Bond Markets

ICE Bonds, together with The Bond Buyer and Arizent, surveyed municipal market bond participants about where they find liquidity and the protocols they use. Results suggest that barriers to adopting electronic trading for municipal bonds have receded, as the industry recognizes the ways in which digitization can enhance relationship-style trading that has dominated the asset class.

ICE Size-Adjusted Pricing for fixed income

The fixed income marketplace has historically been dominated by large institutions transacting in round lot sizes. In recent years, an increasing diversity of market participants, including investors, separately managed accounts (SMAs) and ETF creations/redemptions, have led to a greater variety and quantity of transactions.

Modernizing the Muni market

The municipal bond market has historically been challenging to navigate. In a fragmented sector, financial data can be scarce, and pricing can be opaque. Electronic trading is changing that. By making bond data more widely available and digestible, these systems can offer significant efficiency gains via greater transparency, improved inventory management and access to a wider range of liquidity pools and counterparties.

About ICE Bonds

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.

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