Personnel representing the data, technology, and market infrastructure provider Intercontinental Exchange, Inc. (ICE) said the firm has initiated a fixed income quotation transparency service.
The initiative would aid customers in meeting recent Securities and Exchange Commission (SEC) Rule 15c2-11 amendments requirements.
“We continue to engage with our customers to help them navigate the new regulatory requirements under SEC Rule 15c2-11,” Amanda Hindlian, president of Fixed Income & Data Services at ICE, said. “We are pleased to have been a first-mover in this space and will continue to evolve our solution to help our customers implement cost-effective ways to meet their trading and compliance needs.”
The service helps broker-dealers gain and review issuer information regarding fixed income securities before publishing or submitting a quotation in a quotation medium in conjunction with the newly-updated rule.
Through the fixed income quotation transparency service, customers will also be able to determine which fixed income securities may be eligible for relief provided in the SEC Staff’s December 16 No-Action Letter, ICE detailed. The resource offers over 15 data fields needed to meet Paragraph (b) review requirements referring to specific, publicly-available documents and information about issuers and securities.
Additional information regarding the company’s fixed income solutions can be found on the ICE website.