Chris Concannon, Chief Executive Officer of MarketAxess Holdings, Inc., speaks during the Piper Sandler Global Exchange and FinTech Conference in New York City, U.S., June 4, 2026.
Ryan Murphy | Reuters
Intercontinental Exchange said on Thursday it will acquire MarketAxess Holdings in a deal valued at $5.7 billion to expand fixed-income offerings.
Under the agreement, ICE will buy all outstanding shares of the trading platform for $167 each in cash, the exchange operator said, which is a 33% premium to its previous closing price.
“Together, we will build the fixed income ecosystem that investors have always deserved – one that is transparent, efficient, fully connected, and accessible to all,” ICE CEO Jeff Sprecher said in a statement.
Shares of MarketAxess have lost nearly 31% this year, and the company is valued at about $4.5 billion as of last close, according to LSEG.