About This Deal

Intercontinental Exchange acquired TMC Bonds LLC for US$685 million (cash), a transaction announced in May 2018.

Purchase of a fixed income marketplace supporting anonymous multi-protocol trading in municipals, corporates, treasuries and agencies, expanding ICE's fixed income execution and data footprint. Announced May 29, 2018 and completed in the second half of 2018.

Purchase of a fixed income marketplace supporting anonymous multi-protocol trading in municipals, corporates, treasuries and agencies, expanding ICE's fixed income execution and data footprint. Announced May 29, 2018 and completed in the second half of 2018.

Deal Terms

Acquirer
Intercontinental Exchange
Target
TMC Bonds LLC
Value
US$685 million (cash)
Date
May 2018
Type
Full acquisition
Status
Completed

Transaction Details

Announced
May 29, 2018

In Their Words

TMC Bonds will offer a new and complementary access point to liquidity for our customers and expand our portfolio of diverse solutions in the global fixed income markets across analytics, execution and post-trade.

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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