ICE Data Services Launches the ICE US Broad Municipal Index
June 19 2019 - 8:30AM
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
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ICE Media Contact:Damon
LeavellDamon.Leavell@theice.com212-323-8587
ICE Investor Contact:Warren
GardinerWarren.Gardiner@theice.com770-835-0114
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