Market Overview

T. Rowe Price Selects ICE Data Services' Best Execution for Enhanced Fixed Income Transaction Cost Analysis

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Intercontinental Exchange (NYSE:ICE), a leading operator of global
exchanges and clearing houses and provider of data and listings
services, today announced that T. Rowe Price will use ICE Data Services'
Best Execution service to evaluate trade execution quality to support
best execution and enhance its transaction cost analysis (TCA) for fixed
income securities.

Best
Execution
leverages ICE's fixed income Continuous Evaluated
Pricing (CEP) and offers a trade-by-trade measurement of execution
quality relative to comparable market transactions. By quantifying trade
execution quality versus comparable transactions, the independent
metrics provided by Best Execution will enable T. Rowe Price to support
compliance with global regulatory requirements and evaluate TCA across
its trading desk in a compliant manner.

"As a global investment management company serving both retail and
institutional investors, it is critical that our clients have confidence
that we are addressing evolving financial regulations and working to
continuously review and enhance our execution quality," said Alexander
Sedgwick, VP at T. Rowe Price. "By providing a quantitative solution
that offers transparency, Best Execution offers effective tools to
monitor transaction quality and to respond to evolving global regulatory
needs."

"Best Execution uses an innovative methodology that allows customers
like T. Rowe Price to see how their trades stack up against comparable
transactions and evaluate trade execution quality in the fixed-income
markets," said ICE Data Services President and COO Lynn Martin. "As
global regulatory regimes governing best execution change, our services
such as Best Execution offer greater transparency and help meet
customers' expanding risk management and reporting needs."

About Intercontinental Exchange

Intercontinental Exchange (NYSE:ICE) is a Fortune 500 company that
operates a leading network of global futures, equity and equity options
exchanges, as well as global clearing and data services across financial
and commodity markets. The New York Stock Exchange is the world leader
in capital raising, listings and equities trading.

Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual property
rights of Intercontinental Exchange, Inc. and/or its affiliates is
located at www.intercontinentalexchange.com/terms-of-use.

Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995 -- Statements in this press release regarding ICE's business
that are not historical facts are "forward-looking statements" that
involve risks and uncertainties. For a discussion of additional risks
and uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements, see ICE's Securities and
Exchange Commission (SEC) filings, including, but not limited to, the
risk factors in ICE's Annual Report on Form 10-K for the year ended
December 31, 2016, as filed with the SEC on February 7, 2017.

SOURCE: Intercontinental Exchange

ICE-CORP

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