ATLANTA & NEW YORK–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global
exchanges and clearing houses and provider of data and listings
services, today announced that ICE
Data Services has launched the ICE US Broad Municipal Index (ticker:
MUNI), which significantly expands its coverage of the U.S. investment
grade rated municipal securities market.
The ICE US Broad Municipal Index tracks the performance of over 58,000
investment grade tax-exempt municipal bonds representing over $1.6
trillion in total market capitalization. That represents a three-fold
increase in the number of bonds, and a 60% increase in the market
capitalization, tracked by our investment grade tax-exempt municipal
indices.
“Our US municipal bond indices have history extending back for over 30
years, starting with the launch of what is currently named the ICE
BofAML US Municipal Securities Index (ticker: U0A0) in the late 1980s,”
said Phil Galdi, Head of Indices at ICE Data Services. “We are excited
to launch this new index which, when combined with the existing
municipal bond indices we already offer, will give investors the
flexibility to find a benchmark that best matches their diversity,
liquidity and risk management needs.”
MUNI expands on the coverage of U0A0 through two key changes: MUNI holds
constituents until they mature, while U0A0 removes constituents once
they fall under a year to maturity; and the MUNI Index has lower size
filters on amount outstanding.
The ICE municipal securities indices are part of the broad municipal
security offering across ICE, which includes ICE Data Services municipal
bond evaluations and reference data for over one million bonds, as well
as the deep municipal bond liquidity and execution protocols offered by
ICE TMC
Bonds and BondPoint.
About Intercontinental Exchange
Intercontinental
Exchange (NYSE: ICE) is a Fortune 500 company formed in the year
2000 to modernize markets. ICE serves customers by operating the exchanges,
clearing houses and
information services they rely upon to invest, trade and manage risk
across global financial and commodity markets. A leader in market data, ICE
Data Services serves the information and connectivity needs across
virtually all asset classes. As the parent company of the New
York Stock Exchange, the company is the premier venue for raising
capital in the world, driving economic growth and transforming markets.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
BofAML® is a registered trademark of Bank of America Corporation
licensed by Bank of America Corporation and its affiliates (“BofAML”),
and may not be used without BofAML’s prior written approval. Information
regarding additional trademarks and intellectual property rights of
Intercontinental Exchange, Inc. and/or its affiliates is located at http://www.intercontinentalexchange.com/terms-of-use.
Key Information Documents for certain products covered by the EU
Packaged Retail and Insurance-based Investment Products Regulation can
be accessed on the relevant exchange website under the heading “Key
Information Documents (KIDS).”
Evaluated pricing (including fixed income evaluations), continuous
evaluated pricing, end-of-day evaluations, and Fair Value Information
Services related to securities are provided in the US through ICE Data
Pricing & Reference Data, LLC and internationally through ICE Data
Services entities in Europe and Asia Pacific.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995 — Statements in this press release regarding ICE’s business
that are not historical facts are “forward-looking statements” that
involve risks and uncertainties. For a discussion of additional risks
and uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements, see ICE’s Securities and
Exchange Commission (SEC) filings, including, but not limited to, the
risk factors in ICE’s Annual Report on Form 10-K for the year ended
December 31, 2018, as filed with the SEC on February 7, 2019.
ICE-CORP
Contacts
ICE Media Contact:
Damon Leavell
[email protected]
212-323-8587
ICE Investor Contact:
Warren Gardiner
[email protected]
770-835-0114