Intercontinental Exchange (ICE), a global provider of technology and data, has partnered with Tigress Financial Partners, a disabled and women-owned financial advisory firm, to provide a co-branded version of the ICE TMC bond platform to its network of dealers and investment managers.
ICE TMC is an anonymous, all-to-all Alternative Trading System (ATS) operated by ICE Bonds, offering execution of municipal, corporate, agency and government bonds, as well as mortgage-backed securities and certificates of deposit.
Talking to The DESK, Cynthia DiBartolo, founder and CEO at Tigress said this version of the ICE TMC Bond Trading Platform will allow clients to maximise their ESG footprint while concurrently ensuring they meet their Best Execution requirements as a fiduciary.
“The Tigress/ICE trading initiative is fully integrated and facilitates institutional clients trading directly with Tigress to leverage the depth of liquidity that ICE provides. This is an exciting chapter for Tigress as we can now offer our clients a competitive diversity tool that adds real value in the corporate bond market,” DiBartolo told The DESK.
The ICE TMC platform has a network of more than 475 liquidity providers and takers, with more than 250,000 registered users. ICE TMC is part of ICE Bonds, which offers growing pools of fixed income liquidity and multiple execution protocols including click-to-trade, request-for-quote, sweeps, portfolio auctions and voice-assisted trades for US municipal, corporate, Treasury, agency, MBS pass-throughs, emerging market and sovereign bonds and certificates of deposit.
ICE Bonds president Peter Borstelmann said, “Our ICE TMC platform leverages our deep experience building and managing markets, and provides a unique liquidity network for Tigress Financial’s customers to access a broad range of fixed income securities.”
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