Intercontinental Exchange to Buy MarketAxess in $6 Billion Deal
By Katherine Hamilton
Intercontinental Exchange agreed to acquire MarketAxess, an electronic trading platform for fixed-income markets, for $6 billion.
Intercontinental Exchange, known as ICE, will pay $167 a share in cash for MarketAxess, the companies said. That represents a 33% premium based on MarketAxess's closing price on Wednesday.
MarketAxess shares were halted pre-market on Thursday at $125.72.
MarketAxess enables electronic trading in corporate bonds, municipal bonds, emerging market debt, Eurobonds and U.S. Treasuries. Its platform has roughly 2,100 institutional investors and broker-dealers.
ICE provides an established bond trading platform with data and global indexes. By adding MarketAxess, ICE will serve every segment of the fixed-income market within a single ecosystem, it said.
The deal has been unanimously approved by both companies' boards, and is expected to close in the first half of 2027.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
July 30, 2026 07:58 ET (11:58 GMT)
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