Intercontinental Exchange (ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced that it has entered into a definitive agreement to acquire the Global Research division's index platform from Bank of America Merrill Lynch (BofAML).
The terms of the agreement were not disclosed, and the transaction is expected to be completed in the second half of 2017. The financial impact of the transaction is expected to be immaterial in 2017.
Following the close of the transaction, the BofAML Global Research FICC indices will become part of ICE Data Services, a global leader in proprietary market data, analytics, desktops and connectivity solutions. The ICE BofAML indices will be powered by ICE's award-winning evaluated prices and reference data, which provide high-quality information on more than 10 million financial instruments across all major asset classes, including futures, options, equities and fixed income.