Baml offloads prop index platform, gets FCA fine for Mifid/Mifir shortcomings

Pablo Conde, 23 October 2017

Intercontinental Exchange (Ice) has completed its acquisition of the Bank of America-Merrill Lynch (Baml) global research division's fixed-income index platform, which will become part of its data services. "With the addition of these indices, we are able to offer a comprehensive portfolio that includes the addition of more than 5,000 global fixed income, currency and commodity indices and leverages our trusted pricing and reference data solutions to meet the needs of our customers," said Lynn Martin (pictured), president and chief operating officer of Ice Data Services. "The addition of such a broad fixed income index product line will expand ICE’s AUM, including in the structured products segment."

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