Intercontinental Exchange (ICE), a global network of exchanges and clearing houses, has finalised the acquisition of SuperDerivatives, a leading provider of risk management analytics, financial market data and valuation services across all asset classes, including foreign exchange. , the acquisition was finalized yesterday in an all-cash transaction of $350 million.
Both companies hope to achieve synergies in their respective fields of expertise. SuperDerivatives provides real-time analytics, data, news and chat services via its web-based front-end data system, DGX. ICE is a trading venue for a variety of asset classes offered through a network of regulated excchanges – ICE provides data, technology and risk management services to markets around the world.
According to ICE CEO, Jeffrey Sprecher, the acquisition allows the trading venue to improve on its current offering via “the addition of strong foundation of financial market data and enhanced data and technology services.”
SuperDerivatives CEO, David Gershon, sees the partnership as an ideal way to “combine our innovative data and technology with ICE’s trading and clearing operations to bring customers a robust and modern financial information platform for cash and derivatives.”
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