Intercontinental Exchange Completes Acquisition of TMC Bonds

Intercontinental Exchange announced that it has completed its acquisition of TMC Bonds LLC. The transaction was completed for $685 million in cash. TMC Bonds is a fixed income marketplace, supporting anonymous trading across multiple protocols, including click-to-trade and request-for-quote (RFQ). It will complement ICE’s suite of fixed income execution protocols and data solutions for various asset classes including Municipals, Corporates, Treasuries, Agencies and Certificates of Deposit.