Intercontinental Exchange Announces the Launch of ICE Bonds

One leadership team and a new brand bring together ICE’s fixed
income execution platforms

ATLANTA & NEW YORK–(BUSINESS WIRE)–Intercontinental Exchange (NYSE: ICE), a leading operator of global
exchanges and clearing houses and provider of data and listings
services, today announced the launch of ICE Bonds, which offers access
to deep liquidity pools, multiple trading protocols and a vast breadth
of fixed income data and analytics.

ICE Bonds brings
together ICE BondPoint, TMC Bonds and ICE Credit Trade under a single
management team and will leverage the continuous and end-of-day fixed
income pricing and analytics offered by ICE Data Services. ICE Bonds
offers multiple anonymous and disclosed trading protocols, including
click-to-trade, request-for-quote and portfolio auctions, and provides
access to Corporates, Municipals, Treasuries, Agencies and Certificates
of Deposit.

ICE has appointed Marshall Nicholson as president of ICE Bonds to lead
this new offering. Nicholson brings over 20 years of experience in the
fixed income markets to this role, and will be responsible for managing
the business, and overseeing new product development and sales. Before
joining ICE, Nicholson was President of Millennium Advisors, a
technology-driven broker dealer serving the fixed income markets and,
before that, was Managing Director and President of BondPoint, which was
part of KCG Holdings. Tom Vales will report to Nicholson as COO of ICE
Bonds and will continue in his role as head of TMC Bonds.

“ICE has a long and exemplary track record of using advanced technology
and innovation to bring more transparency and efficiency to opaque
markets,” said ICE’s President Ben Jackson. “As fixed income markets
continue to evolve, bringing our execution platforms under a single
structure and leadership team allows us to focus our efforts and provide
our customers with a wide array of tools to accurately value bonds, find
inventory, efficiently trade and manage risk. With his deep background
in fixed income markets, Marshall is a natural fit to lead this

“By combining ICE’s existing execution platforms and leveraging the
extensive pricing and analytics offered by ICE Data Services, we will
offer customers unprecedented access to liquidity, trading protocols and
choice for executing their trades,” Nicholson added. “This new structure
allows us to both optimize efficiencies and provide customers with
better solutions to meet their needs. I’m excited to join forces with
Tom Vales and the rest of the ICE team as we work with our many
customers to make ICE Bonds the premier trade execution provider to the
fixed income community.”

The three automated trading systems will continue to be operated by TMC
Bonds L.L.C. and Creditex Securities Corporation for the time being.
However, ICE intends to consolidate the trading systems under a single
broker-dealer later this year, subject to regulatory approval.

About 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 raises more capital than any other
exchange 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.
Information regarding additional trademarks and intellectual property
rights of Intercontinental Exchange, Inc. and/or its affiliates is
located at
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).”

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 Media Contact:
Damon Leavell

ICE Investor Contact:
Warren Gardiner

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