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MarketAxess deal highlights shift toward electronic bond trading
The $6 billion acquisition is driven by growth in electronic fixed-income trading, a trend Intercontinental Exchange is positioning to profit from.
The Wall Street Journal reports that Intercontinental Exchange is backing a major move in fixed-income trading infrastructure with its planned $6 billion deal for MarketAxess.
The newspaper links the transaction to rising activity in electronic bond trading, suggesting NYSE owner ICE sees momentum in the shift away from more traditional fixed-income execution methods.
WSJ Markets frames the MarketAxess deal as an effort by ICE to capture value from a broader market transition toward electronic trading of fixed-income securities.