US-headquartered Intercontinental Exchange (NYSE: ICE), operator of numerous exchanges and clearing houses, among other financial services-related businesses globally, today announced the expansion of its ICE Data Services, according to an official statement.
The expansion was made possible by bringing together a number of solutions including proprietary exchange data, valuations, analytics, desktop tools and connectivity across ICE, the New York Stock Exchange (NYSE), Superderivatives, and Interactive Data.
Data Services expanded
The ICE Data Services offering includes proprietary data from ICE and NYSE’s 11 global exchanges, and end-of-day evaluated pricing for 2.7 million securities including more opaque securities that are hard to value or thinly-traded.
The service also provides these pricing capabilities for complex derivatives and provides reference data for more than 10 million instruments, in addition to desktop tools and connectivity on its Secure Financial Transaction Infrastructure (SFTI) network.
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This integrated approach is consistent with our focus on providing neutral, efficient workflow solutions across markets in a dynamic market environment.
The evolution of the ICE Data subsidiary started in 2003, and reached a key milestone today as explained in the update, and follows a number of acquisitions that the firm has made over the years. Last year ICE acquired Interactive Data, and now combines products from various business units under one offering.
ICE Chairman and CEO, Jeffrey C. Sprecher, said in a statement regarding the announcement: “By combining our broad range of proprietary data services and analytics, we are able to offer clients a more complete, consolidated view of the markets.”
Mr. Sprecher added: “This integrated approach is consistent with our focus on providing neutral, efficient workflow solutions across markets in a dynamic market environment. We will continue to invest and innovate to offer actionable views of global markets to support decision making whether for trading, investment, operations or risk management.”
ICE Data Services President, Lynn Martin, added in a statement: “The depth of solutions that power ICE Data Services combine industry-leading fixed income evaluations and reference data with data from ICE and NYSE’s global exchanges, as well as technology-driven data tools. We’ll continue to expand to serve the needs of our customers for comprehensive, mission-critical data for the front, middle and back office requirements.”