U.S. exchange giant Intercontinental Exchange Inc. (ICE) is expanding its bond trading in Canada.
ICE announced that it has received regulatory approval to operate its electronic U.S. bond marketplace, ICE TMC, in all Canadian jurisdictions.
The platform trades U.S. municipal securities, corporate securities, government-sponsored enterprise and agency securities, mortgage-backed securities and U.S. Treasury securities, along with structured products and certificates of deposit, primarily on an anonymous basis.
With the new platform’s approval, the company said that it now provides access to its full suite of execution protocols for fixed income markets in Canada, including click-to-trade, portfolio trading and request for quote.
“As we expand our network to include Canadian accounts, we look forward to providing the data, analytics and trading tools they need to gain greater transparency into markets and manage risk,” said Peter Borstelmann, president of ICE Bonds, in a release.