Intercontinental Exchange has made a significant move by agreeing to acquire the bond trading platform MarketAxess for a hefty $5.7 billion, reflecting a 33% premium over its latest closing price. This acquisition is poised to bolster ICE's fixed-income trading offerings, resulting in a notable 30% jump in MarketAxess shares after the announcement. The deal is anticipated to finalize in the first half of 2027.

Intercontinental Exchange is reportedly acquiring MarketAxess for $6B, expanding its bond trading empire with potential implications for

ICE will buy MarketAxess in a $5.7B-$6B deal to grow its bond trading business as the NYSE parent also reported stronger quarterly earnings. | Business News