7/30/2026
ICE Just Paid $6 Billion to Fix One of Finance’s Last Analog Corners
Intercontinental Exchange announced this morning it will acquire MarketAxess Holdings for $167 per share in cash, a 33% premium that values the fixed income trading platform at roughly $6 billion in equity value and $5.7 billion in total enterprise value. It’s a deal aimed squarely at a problem that has persisted through decades of financial market modernization: the bond market still trades like it’s 1995.
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