In another move to bolster its products and data services, Intercontinental Exchange Inc. has hired Varun Pawar, formerly Global Head of Bloomberg LP’s BVAL.
Pawar is joining the Pricing and Analytics team at ICE Data Services and will report to Mark Heckert, Chief Product Officer at ICE Data Services.
“As a leading provider of fixed income evaluations and analytics, ICE Data Services has a strong pipeline of new and soon-to-be released products that demonstrate the company’s commitment to innovation and thought leadership in the market data space,” Pawar said. “I look forward to joining the team at ICE and being part of their mission of bringing greater efficiency and transparency to fixed income markets.”
This move comes
Pawar was a 12-year veteran at BVAL and was Lord’s boss there. They both will be working on creating new products and upgrading existing products and services.
“Varun’s expertise across fixed income markets will be extremely valuable to us as we continue to launch new products and services that help our global customers manage risk in increasingly volatile markets,” said
In June,
The ICE US Broad Municipal Index (ticker: MUNI) tracks the performance of more than 58,000 investment-grade tax-exempt municipal bonds representing more than $1.6 trillion in total market capitalization.
ICE
Upon closing, TMC Bonds will integrate its electronic fixed income market with ICE’s fixed income trading and data business, offering clients access to improved workflow capabilities.
Tradeweb Markets Inc. and Intercontinental Exchange Inc. also introduced Tradeweb ICE U.S. Treasury Closing Prices. Tradeweb ICE U.S. Treasury Closing Prices is designed to represent the daily market mid-price for Treasury securities, the firms announced this week. Tradeweb and ICE Benchmark Administration (IBA) are also planning to launch other pricing data
Tradeweb is operates electronic marketplaces for rates, credit, equities and money markets and ICE is operates exchanges and clearing houses and is a provider of data and listings services
ICE said the new rule will update the regulation of ETFs and bring new standards to the industry. Next month, ICE plans to launch a new service called
ICE also in August