ICE Closes Acquisition Of Bank Of America Merrill Lynch's Global Research Index

(RTTNews) - Intercontinental Exchange (ICE) said that it has completed its acquisition of the Bank of America Merrill Lynch Global Research division's fixed income index platform, which will become part of ICE Data Services. Terms of the agreement were not disclosed and the financial impact of the transaction will be immaterial to ICE in 2017.

The acquired indices will be renamed ICE BofAML Indices and will become part of ICE Data Services' suite of businesses, which provides proprietary indices, and third-party index and ETF calculation services, as well as proprietary market data, pricing and analytics, desktops and connectivity solutions.