ICE Bonds Expands Access via TS Imagine Integration

February 05, 2024 - Intercontinental Exchange has announced that TS Imagine has established connectivity to ICE Bonds, enhancing its clients' access to diverse fixed income execution protocols and liquidity pools. Users of TS Imagine’s TS One and TradeSmart OEMS can now utilize ICE Bonds’ trading protocols for Municipal and Corporate bonds on the ICE TMC and ICE BondPoint platforms.

Peter Borstelmann, President of ICE Bonds, commented on the new integration, “TS Imagine’s cross-asset platform has become a leading tool for investors around the world and we’re pleased to be delivering ICE Bonds’ streaming municipal and corporate bond data and liquidity to their customers. With seamless access over TS Imagine’s OEMS, this integration builds on our effort to expand the distribution of our markets to a broader network of investors across institutional, retail and wealth manager customer bases.”

TS Imagine provides comprehensive electronic trading, portfolio management, and risk management tools for investment professionals on both buy-side and sell-side. With the ICE Bonds API, TS Imagine's clientele will now have streamlined access to ICE Bonds’ suite of trading protocols, including click-to-trade and request-for-quote (RFQ).

Spencer Lee, Chief Markets Officer and Head of Fixed Income at TS Imagine, also expressed enthusiasm for the partnership: “Delivering an integrated platform that brings together the most important pools of liquidity from across markets is paramount for our customers, which is why we’re excited to add ICE Bonds’ leading municipal and corporate bond markets.”

This integration gives TS Imagine entry to ICE TMC, which facilitates an all-to-all market for trading various bond types and Certificates of Deposit, and ICE BondPoint, which offers substantial liquidity and price discovery for fixed income trading. For municipal bonds traded on ICE TMC, the data shows over 450 unique liquidity providers, trading 272,484 distinct securities (CUSIPS) with fill rates over 99% in the last two years.