Intercontinental Exchange, Inc.
Intercontinental Exchange to Acquire MarketAxess in a $5.7 Billion Deal
Summary
Intercontinental Exchange, Inc. (ICE) has entered into an agreement to acquire MarketAxess Holdings Inc. for $167 per share in cash, representing a total enterprise value of approximately $5.7 billion. The transaction, which has been approved by the boards of both companies, is expected to be accretive to ICE's adjusted earnings per share in the first year. The acquisition aims to create a more complete and connected fixed income platform by combining ICE's retail bond franchise and data infrastructure with MarketAxess's institutional trading network. The deal is expected to close in the first half of 2027, subject to MarketAxess stockholder approval and regulatory clearances.
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About Intercontinental Exchange, Inc.
Intercontinental Exchange, Inc. operates as a leading exchange operator and global provider of data services and technology solutions to financial markets. Its primary function is to facilitate the trading of energy, agricultural commodities, financial derivatives, fixed income, and equities through its network of regulated exchanges and clearing houses, including the iconic New York Stock Exchange. ICE is also recognized for its innovation in providing market data and analytics, offering risk management and post-trade processing services, and serving a wide array of clientele ranging from corporates to individual investors. Prominently impacting the financial, energy, and agricultural sectors, ICE plays a pivotal role in enhancing transparency, efficiency, and accessibility in trading operations. The company is instrumental in modernizing market infrastructure and supports global economies by ensuring seamless trade executions and reliable data dissemination. Headquartered in Atlanta, Georgia, Intercontinental Exchange, Inc. remains a cornerstone of financial markets, distinguished by its commitment to advancing market transparency and integrity across diverse trading platforms.
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