ICE Credit Trade

Auction-style trading for investment grade, high yield corporate and emerging market bonds.

Gain Efficiencies

  • All pricing on one platform for simultaneous pricing evaluation between parties during a distinct period of time
  • Accommodates a variety of portfolio sizes
  • All or none execution only
  • Execute a portfolio as a spread to ICE Data Services Continuous Evaluated Pricing® or end of day prices to help minimize index tracking discrepancies
  • Automated execution within a set bid / offer threshold

Auction Protocols

Risk Matching Auction

A session-based protocol to efficiently trade and collapse risk exposure. Once the inventory is uploaded, the algorithm identifies off-setting risk to propose trades:

Portfolio Auction

A unique, automated solution to execute a portfolio of bonds on an all-or-nothing basis in a single trading session. Address specific use cases such as:

  • Portfolio rebalancing
  • Seeding new funds
  • Relative value

RFQ Protocol

The first ATS to successfully launch an RFQ for contingent bond trading:

  • Ideal for relative value, block trades or bond swaps typically transacted by voice or individual series of RFQs
  • Eliminates the risk of executing only one leg of the trade
  • Increase likelihood of reduced bid / offer by trading packaged risk

Trade in ICE Markets

Important Disclosures

Securities products and services are offered through ICE Bonds Securities Corporation member FINRA, MSRB, NFA and SIPC. The information found herein, has been prepared solely for informational purposes and should not be considered investment advice, is neither an offer to sell nor a solicitation of an offer to buy any financial product(s), is intended for institutional investors only and is not intended for retail customer use.