Intercontinental Trade Tends to make Strategic Expense In BondLink | Business enterprise
5 min readATLANTA & NEW YORK–(Small business WIRE)–Might 19, 2021–
Intercontinental Exchange, Inc. (NYSE: ICE), a main world wide provider of information, technologies and industry infrastructure, now announced it has created a strategic expenditure in BondLink, a money technologies business that provides cloud-based mostly credit card debt management application remedies to governments financing infrastructure in the $4 trillion municipal bond industry. The Series B financial investment is built to speed up BondLink’s expansion and product or service advancement, like offering a wide variety of ICE’s market place-leading facts sets to municipalities as they get ready to challenge bonds.
With around 75% of all community infrastructure in the U.S. financed by regional governments and public utilities, the municipal bond market is vital to the nation’s financial advancement, high quality of lifestyle and security. It is also very wide with an believed 60,000 exceptional issuers, earning it challenging and opaque for bond buyers of all measurements.
“With issuers spread out across the U.S., the municipal bond sector continues to be very fragmented, and is in need to have of transparency. Improved obtain to information, information and analytics are vital,” mentioned Lynn Martin, President of Preset Earnings and Info Services at ICE. “Our financial commitment in BondLink and the distribution of ICE details instantly to the issuer local community will provide municipalities with new resources to support efficiently control the full lifecycle of financial debt issuance.”
BondLink’s on the web network connects municipal issuers with bond traders, advisors and other important marketplace members. Its issuer platform can help governments interact and draw in buyers more efficiently, utilizing electronic channels to share monetary experiences, bond financing knowledge, and other facts in just one central location. BondLink applications also assistance issuers gauge both equally sector problems and investor demand as they get ready for a bond sale. These methods will be enhanced with the ICE expense, enabling it to deliver its people with significant information these as desire price produce curves, secondary market place investing info, alterations in bond evaluations, and other analytics to support notify their financial debt funding conclusions.
“Technology is transforming the bond market place, and it is supplying the biggest affect for governments who are less than-resourced and need it the most,” claimed Colin MacNaught, CEO & Co-Founder of BondLink. “We’re going the bond market ahead by functioning with issuers to assistance drive their bonds gross sales, and our technologies delivers cost efficiencies and extra transparency to the marketplace. We are thrilled to function with ICE and the ICE staff. By providing significant sector knowledge to issuers, they can improved regulate their bond programs and be far more organized as they finance new roads and bridges and universities.”
The transaction will not be substance to ICE’s earnings or have an effects on money allocation ideas.
About BondLink
Led by founders Colin MacNaught, CEO, and Carl Question, CTO, BondLink’s cloud-based mostly personal debt administration software program is the $4 trillion municipal bond market’s initially totally-built-in operating system for public sector CFOs to raise money from institutional and retail investors. BondLink shoppers issued virtually $50 billion in 2020, and its network of issuers expands across additional than 30 states, as nicely as the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Headquartered in Boston, BondLink is backed by best investors, such as Franklin Templeton Investments, one particular of the biggest municipal bond fund supervisors in the region. For additional facts, you should go to www.bondlink.com.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 corporation that models, builds and operates digital networks to hook up people to chance. We present money know-how and facts products and services throughout big asset lessons that supply our prospects entry to mission-essential workflow applications that enhance transparency and operational efficiencies. We work exchanges, which include the New York Inventory Exchange, and clearing properties that aid people devote, raise cash and take care of danger across a number of asset classes. Our comprehensive fixed money facts expert services and execution abilities give facts, analytics and platforms that assist our customers capitalize on prospects and operate much more effectively. At ICE Property finance loan Technological innovation, we are reworking and digitizing the U.S. household house loan course of action, from client engagement as a result of mortgage registration. With each other, we remodel, streamline and automate industries to hook up our customers to opportunity.
Trademarks of ICE and/or its affiliate marketers contain Intercontinental Trade, ICE, ICE block style and design, NYSE and New York Inventory Exchange. Information and facts relating to extra emblems and mental residence legal rights of Intercontinental Trade, Inc. and/or its affiliate marketers is found in this article. Vital Information Paperwork for specific goods coated by the EU Packaged Retail and Insurance-dependent Investment decision Products Regulation can be accessed on the applicable exchange website beneath the heading “Key Data Paperwork (Kids).”
Secure Harbor Assertion below the Non-public Securities Litigation Reform Act of 1995 — Statements in this press launch with regards to ICE’s small business that are not historical information are “ahead-on the lookout statements” that require pitfalls and uncertainties. For a dialogue of further dangers and uncertainties, which could trigger real outcomes to vary from individuals contained in the ahead-hunting statements, see ICE’s Securities and Exchange Fee (SEC) filings, which include, but not limited to, the danger factors in ICE’s Annual Report on Sort 10-K for the yr finished December 31, 2020, as submitted with the SEC on February 4, 2021.
Resource: Intercontinental Exchange
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Perspective resource variation on businesswire.com:https://www.businesswire.com/news/dwelling/20210519005278/en/
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PUB: 05/19/2021 08:30 AM/DISC: 05/19/2021 08:32 AM
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