ICE closes $350m SuperDerivatives acquisition

Global network of exchanges and clearing houses Intercontinental Exchange (ICE) has completed its previously announced acquisition of SuperDerivatives, a leading provider of risk management analytics, financial market data and valuation services. The acquisition was hammered out yesterday in an all-cash transaction of approximately $350m.

“With this acquisition we will be able to offer our customers enhanced data and technology services and continue to grow our clearing offering through the addition of a strong foundation of financial market data,” said Jeffrey C. Sprecher, ICE's chairman and chief executive.

SuperDerivatives provides risk management analytics and systems across all asset classes, including interest rates, foreign exchange, credit, equities, energy and commodities to customers including banks, asset managers, corporations, central banks, auditors and brokers.

SuperDerivatives’ DGX front-end data system is a web-based platform to deliver real time analytics, data, news and multi-participant chat with video in a cost-efficient manner. Other products and services include independent valuation, market data for mark-to-market, multi-asset derivatives front office and risk systems and a multi-asset over-the-counter execution platform.

“We look forward to combining our innovative data and technology offering with ICE’s trading and clearing operations to bring customers a robust and modern financial information platform for cash and derivatives to make and execute informed trading decisions for OTC and exchange products,” said David Gershon, chief executive at SuperDerivatives.

ICE was advised by Greenberg Traurig P.A. and SuperDerivatives was advised by Barclays and White & Case LLP.

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ICE closes $350m SuperDerivatives acquisition