M&A Deal Summary

ICE Acquires Virtu BondPoint

On October 24, 2017, ICE acquired information technology company Virtu BondPoint from Virtu Financial

Acquisition Highlights
  • This is ICE’s 2nd transaction in the Information Technology sector.
  • This is ICE’s 12th transaction in the United States.
  • This is ICE’s 8th transaction in New York.

M&A Deal Summary

Date 2017-10-24
Target Virtu BondPoint
Sector Information Technology
Buyer(s) ICE
Sellers(s) Virtu Financial
Deal Type Divestiture

Target

Virtu BondPoint

New York, New York, United States
Virtu BondPoint is a provider of electronic fixed income trading solutions for the buy-side and sell-side offering access to centralized liquidity and automated trade execution services through its ATS linking more than 500 financial services firms.

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Buyer(S) 1

Buyer

ICE

Atlanta, Georgia, United States

Category Company
Founded 2000
Sector Financial Services
Employees12,920
Revenue 11.8B USD (2024)
DESCRIPTION
Entrance to Intercontinental Exchange's corporate headquarters in Atlanta, Georgia.
Entrance to Intercontinental Exchange's corporate headquarters in Atlanta, Georgia.

ICE is a network of regulated exchanges and clearing houses. The company's futures exchanges and clearing houses serve global commodity and financial markets, providing risk management and capital efficiency. ICE was formed in 2000 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 19 of 29
Sector: Information Technology M&A 2 of 7
Type: Divestiture M&A Deals 6 of 9
State: New York M&A 8 of 9
Country: United States M&A 12 of 19
Year: 2017 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 True Office Learning

New York, New York, United States

True Office Learning is a provider of analytics-rich, interactive e-learning software and services, specializing in governance, risk and compliance (“GRC”). The Company’s cloud-based adaptive training and analytics platform connects e-learning to advanced behavioral data, and enables organizations to rapidly build and deliver solutions utilizing analytics to drive better business outcomes. True Office Learning was founded in 1998 and is based in New York city.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-27 Trayport

London, United Kingdom

Trayport Ltd. is a provider of an electronic trading systems and matching engine solutions for broking, exchange, and trading markets in the United Kingdom and internationally. Trayport was founded in 1992 and is based in London, United Kingdom.

Sell €550M

Seller(S) 1

SELLER

Virtu Financial

New York, New York, United States

Category Company
Founded 2008
Sector Financial Services
Employees969
Revenue 2.9B USD (2024)
DESCRIPTION

Virtu Financial is an active market maker across all major financial centers including equities, fixed income, currencies, futures, energy products and other commodities. Virtu Financial was founded in 2008 and is based in New York, New York.


DEAL STATS #
Overall 1 of 3
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 3
State: New York M&A 1 of 2
Country: United States M&A 1 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-20 KCG Holdings

Jersey City, New Jersey, United States

KCG Holdings, Inc. is a securities firm offering services designed to address trading needs across asset classes, product types and time zones. KCG Holdings is based in Jersey City, New Jersey.

Buy $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-02 BondPoint

New York, New York, United States

Creditex Securities Corp. is a provider of electronic fixed income trading solutions for the buy-side and sell-side offering access to centralized liquidity and automated trade execution services through its alternative trading system (ATS) linking more than 500 financial services firms.

Sell $400M