ICE Credit Trade offers auction-style trading for investment grade, high yield corporate and emerging market bonds - available through the Creditex electronic execution platform.
Access a session-based protocol, known as Risk Matching Auctions (RMAs) with ICE Credit Trade to efficiently trade and collapse your risk exposure. Our Portfolio Rebalancing Auction (PRB) also provides a unique, automated solution for portfolio managers looking to execute a basket of bonds on an all-or-nothing basis in a single trading session.
Continuous Evaluated Pricing is integrated into ICE Credit Trade providing continuous, independent evaluated pricing for fixed income instruments, covering more than 2 million securities. With RMA, participants upload their inventory, and the algorithm identifies off-setting risk to propose trades based on submitted limit orders for larger lots or on CEP for smaller lots. This enables participants to efficiently transact in smaller line items, and focus on larger transactions.
ICE Credit Trade is operated in the US by Creditex Securities Corporation, an Alternative Trading System and a broker-dealer registered with the U.S. Securities and Exchange Commission and a member of the Financial Industry Regulatory Authority. In the UK and Asia, ICE Credit Trade is operated by Creditex Brokerage LLP, a MiFID investment firm and operator of a Multi-lateral Trading Facility, authorized and regulated by the UK Financial Conduct Authority (FRN 441360).