ICE Intercontinental Exchange Inc.

Intercontinental Exchange Completes Acquisition of S&P Global’s Standard and Poor’s Securities Evaluations and Credit Market Analysis

Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced it has today completed its all-cash acquisition of S&P Global’s (NYSE: SPGI) Standard & Poor’s Securities Evaluations (SPSE), a leading provider of fixed income evaluated pricing, and Credit Market Analysis (CMA), a leading provider of independent data for the over-the-counter (OTC) markets, including credit derivatives and bonds. The transaction was announced in March.

SPSE and CMA will become part of the suite of data products and services that comprise ICE Data Services, ICE’s end-to-end solution for information, analytics and connectivity, offering proprietary data and tools for global markets across fixed income, equities, commodities, FX and options markets. Following the completion of this acquisition, SPSE will be known as Securities Evaluations. Services offered by Securities Evaluations will be managed and operated separately from the existing fixed income evaluated pricing services offered by ICE Data Services until further notice.

“We look forward to working with the teams at SPSE and CMA to provide customers in the fixed income and credit markets an expanded range of solutions. By working with our customers, we will continue to innovate and invest to provide the highest quality evaluated pricing and analytics services,” said Lynn Martin, President and Chief Operating Officer of ICE Data Services.

About Intercontinental Exchange

Intercontinental Exchange (NYSE:ICE) operates a leading network of global futures, equity and equity options exchanges, as well as global clearing and data services across financial and commodity markets. The New York Stock Exchange is the world leader in capital raising, listings and equities trading.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at www.intercontinentalexchange.com/terms-of-use.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2015, as filed with the SEC on February 4, 2016. The existing fixed income evaluated pricing services offered by ICE Data Services are offered in the U.S. by Interactive Data Pricing and Reference Data LLC.

SOURCE: Intercontinental Exchange

ICE-CORP

EN
04/10/2016

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Intercontinental Exchange Inc.

Intercontinental Exchange Inc: 1 director

A director at Intercontinental Exchange Inc sold/sold after exercising options 9,973 shares at 178.650USD and the significance rating of the trade was 75/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company...

Intercontinental Exchange, Inc.: Update to credit analysis

Our credit view of this issuer reflects its strong profitability and cash generation, against its high level of inherent technological operational risk.

Moody's Ratings affirms Intercontinental Exchange (A3 senior unsecured...

Moody's Ratings (Moody's) has affirmed Intercontinental Exchange, Inc.'s (ICE) A3 senior unsecured debt ratings and its Prime-2 commercial paper rating. ICE's outlook remains stable. RATINGS RATIONALE The ratings affirmation reflects ICE's commanding scale and leading position as an operator of ...

Moody's Ratings assigns A3 rating to Intercontinental Exchange's propo...

Moody's Ratings (Moody's) has assigned an A3 rating to Intercontinental Exchange, Inc.'s (ICE, A3 stable) proposed $1 billion senior unsecured notes due 2028. As part of its September 2023 acquisition of Black Knight, Inc. (Baa3, stable), ICE had assumed $1 billion Black Knight 3.625% senior unsecur...

Moody's Assigns A3 rating to Intercontinental Exchange's proposed $1 b...

Moody's Investors Service (Moody's) has assigned an A3 rating to Intercontinental Exchange, Inc.'s (ICE, A3 stable) proposed $1 billion senior unsecured  notes due 2028. ICE's rating outlook remains unchanged at stable. As part of its September 2023 Black Knight, Inc. (Ba2, ratings under review) acq...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch