- Launch of new RFQ protocol enhances trading capabilities and market access.
- Platform expansion improves price discovery and execution efficiency.
- Planned integration with IMT will provide comprehensive trading analytics.
Intercontinental Exchange (ICE, Financial), a Fortune 500 company, has announced the launch of a new Request-for-Quote (RFQ) protocol for Mortgage-Backed Securities (MBS) trading on its ICE TMC platform. This development aims to enhance trading capabilities and market access by providing wealth management and retail brokerage clients with a more flexible and efficient trading environment.
The new RFQ functionality complements the existing MBS Click-to-Trade marketplace, allowing clients to send MBS RFQs within a secure, anonymous trading pool. This marks a significant step towards the electronification of traditionally voice and message-driven markets, improving price discovery and execution strategies for ICE Bonds (ICE, Financial).
Later this year, ICE Bonds plans to integrate pricing and analytics from ICE Mortgage Technology (IMT) to bolster informed trading decisions. This integration aims to combine MBS execution capabilities with comprehensive real estate solutions, including customer acquisition, loan manufacturing, servicing, and settlement, creating a unified platform for MBS trading.
ICE TMC, operated by ICE Bonds, serves as a leading anonymous all-to-all alternative trading system (ATS) for executing various fixed-income securities, including municipal, corporate, agency, and government bonds, as well as mortgage-backed securities and Certificates of Deposit.
For more information, visit ICE TMC.
