ICE Data Pricing & Reference Data

ICE Data Pricing & Reference Data

ICE Data Pricing & Reference Data is a data and analytics provider serving buy-side and sell-side institutions, not a deployer of external capital. The firm is a subsidiary of Intercontinental Exchange (ICE), which acquired the business through its 2015 purchase of Interactive Data Corporation for $5.2 billion (per The Wall Street Journal, 2015). The unit traces its roots to Interactive Data, founded in 1968, and has operated under the ICE brand post-acquisition. The firm's core product is evaluated pricing for over 2.5 million fixed-income securities daily, covering asset classes including corporate bonds, structured products (such as CLOs and ABS), municipal bonds, syndicated loans, and derivatives. It also offers reference data, analytics, and end-of-day and intraday pricing for valuation and risk management. Clients include asset managers, hedge funds, banks, and insurance firms across North America, Europe, and Asia. ICE Data Pricing & Reference Data employs over 800 professionals globally, with primary offices in New York, London, and Singapore (per ICE public filings, 2024). The business operates alongside ICE's other data and analytics units, such as ICE Data Indices and ICE Fixed Income. It does not manage assets for external Limited Partners, deploy capital, or maintain fund structures. The firm's structural differentiator is its role as a regulated and independent pricing source within a publicly traded exchange group, offering conflict-free fixed-income data. It relies on an evaluated-pricing methodology combining quantitative models and dealer input, which creates pricing coverage for securities where active exchanges do not exist.