Intercontinental Exchange (ICE) has agreed to acquire the Global Research index platform of Bank of America Merrill Lynch (BofAML) for an undisclosed sum.

The Global Research index platform includes over 5,000 fixed income, currency and commodity (FICC) indices. The indices will be renamed as ICE BofAML following the completion of the deal, which is expected in the second half of 2017.

ICE said that its fixed income index business would benchmark around $1 trillion in assets following completion of the transaction.

“The financial impact of the transaction is expected to be immaterial in 2017,” ICE said.

ICE Data Services president and COO Lynn Martin said: “We believe the BofAML Global Research FICC indices will offer customers more choice alongside the ICE U.S. Treasury indices and NYSE equity indices as comprehensive, trusted benchmarks.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.