ICE Bonds and MarketAxess Connect Liquidity Networks to Bolster Bond Market Efficiency

Intercontinental Exchange’s ICE Bonds and MarketAxess have unveiled plans to connect their respective liquidity networks in a bid to improve efficiency and access to deeper liquidity in fixed income markets. The two firms plan to establish connectivity to their respective protocols and liquidity pools, with the move set to enable ICE Bonds’ automated trading system (ATS), ICE TMC, and MarketAxess’ Open Trading network to communicate with each other directly, enhancing depth and reach for users globally.