Market Overview

Intercontinental Exchange Completes Acquisition of TMC Bonds


Intercontinental Exchange (NYSE:ICE), a leading operator of global
exchanges and clearing houses and provider of data and listings
services, today announced that it has completed its acquisition of TMC
Bonds LLC. The transaction, which was completed for $685 million in
cash, will not have a material impact on 2018 financial results and will
not impact capital returns.

TMC Bonds is a premier fixed income marketplace, supporting anonymous
trading across multiple protocols, including click-to-trade and
request-for-quote (RFQ). It will complement ICE's suite of fixed income
execution protocols and data solutions for various asset classes
including Municipals, Corporates, Treasuries, Agencies and Certificates
of Deposit.

"We are working closely with our customers to provide more choice in how
they access liquidity in the global bond market, which makes TMC Bonds a
natural fit and complements our fixed income offerings," said ICE
President Ben Jackson. "Our focus on innovation, efficiency and
transparency aligns with TMC's unique solutions for the evolving fixed
income market."

ICE's financial advisors were BofA Merrill Lynch and Citi and legal
advisors were Shearman & Sterling LLP and Morgan, Lewis & Bockius LLP.
TMC's financial advisor was Broadhaven Capital Partners, LLC and legal
advisor was WilmerHale.

About Intercontinental Exchange

 (NYSE:ICE) is a Fortune 500 and Fortune Future 50 company
formed in the year 2000 to modernize markets. ICE serves customers by
operating the exchangesclearing
 and information services they rely upon to invest, trade and
manage risk across global financial and commodity markets. A leader in
market data, ICE Data
 serves the information and connectivity needs across
virtually all asset classes. As the parent company of the New
York Stock Exchange
, the company raises more capital than any other
exchange in the world, driving economic growth and transforming markets.

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
Key Information Documents for certain products covered by the EU
Packaged Retail and Insurance-based Investment Products Regulation can
be accessed on the relevant exchange website under the heading "Key
information Documents (KIDS)".

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, 2017, as filed with the SEC on February 7, 2018.

SOURCE: Intercontinental Exchange


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