ICE Announces Launch of Its Fixed Income Quotation Transparency Service
January 04 2022 - 7:30AM
Business Wire
ICE solution can help customers meet
requirements under recent SEC Rule 15c2-11 amendments
Intercontinental Exchange, Inc. (NYSE: ICE), a leading global
provider of data, technology and market infrastructure, today
announced the launch of its leading-edge service that is designed
to enable broker-dealers to meet the new requirements resulting
from recent amendments to SEC Rule 15c2-11. The ICE solution helps
broker-dealers obtain and review issuer information about fixed
income securities before publishing or submitting a quotation in a
quotation medium in accordance with the newly-updated rule and
conditional relief provided in the SEC Staff’s December 16
No-Action Letter.
In October, ICE launched a fixed income quotation transparency
service specifically designed to help its customers address the
impact of amendments to SEC Rule 15c2-11. “We continue to engage
with our customers to help them navigate the new regulatory
requirements under SEC Rule 15c2-11,” said Amanda Hindlian,
President of Fixed Income & Data Services at ICE. “We are
pleased to have been a first-mover in this space and will continue
to evolve our solution to help our customers implement
cost-effective ways to meet their trading and compliance
needs.”
ICE’s service can also assist customers in determining which
fixed income securities may be eligible for the relief provided in
the SEC Staff’s December 16 No-Action Letter. For example, the
dataset allows customers to identify the ultimate parent in the
corporate hierarchy, providing users with an indicator that can
quickly show the depth of the required data elements available,
supporting the customer in making a reasonable determination of
whether a security is eligible for relief.
The tool includes more than 15 data fields that are necessary to
meet Paragraph (b) review requirements — which refer to specific,
publicly-available documents and information about issuers and
securities, including prospectuses, current annual and periodic
reports, and annual statements — and includes URL links to EDGAR
where unstructured data fields can be accessed, allowing users to
easily search for additional relevant and applicable Paragraph (b)
data. Data from ICE’s solution can also be leveraged by front- and
mid-office customers, aligning visibility between traders and risk,
as well as compliance and legal teams, within a single
customer.
Because the SEC Staff’s No-Action Letter provides for
conditional relief in three phases, ICE is actively working with
its customers to equip them to navigate the specific review
requirements laid out by the SEC. ICE’s service covers certain
corporate, sovereign and money-market instruments and we expect to
continue adding additional fixed income assets over time.
For more information about ICE’s fixed income solutions, please
visit: https://www.theice.com/data-services/fixed-income.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500
company that designs, builds and operates digital networks to
connect people to opportunity. We provide financial technology and
data services across major asset classes that offer our customers
access to mission-critical workflow tools that increase
transparency and operational efficiencies. We operate exchanges,
including the New York Stock Exchange, and clearing houses that
help people invest, raise capital and manage risk across multiple
asset classes. Our comprehensive fixed income data services and
execution capabilities provide information, analytics and platforms
that help our customers capitalize on opportunities and operate
more efficiently. At ICE Mortgage Technology, we are transforming
and digitizing the U.S. residential mortgage process, from consumer
engagement through loan registration. Together, we transform,
streamline and automate industries to connect our customers to
opportunity.
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 here. Key Information Documents for certain
products covered by the EU Packaged Retail and Insurance-based
Investment Products Regulation can be accessed on the relevant
exchange website under the heading “Key Information Documents
(KIDS).”
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, 2020, as
filed with the SEC on February 4, 2021.
SOURCE: Intercontinental Exchange
ICE-CORP
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ICE Media Contact: Damon Leavell damon.leavell@ice.com
(212) 323-8587
media@ice.com
ICE Investor Contact: Mary Caroline O’Neal
marycaroline.oneal@ice.com (770) 738-2151
investors@ice.com
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