Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced that AllianceBernstein L.P. (“AB”) has selected ICE Data Services’ ICE Liquidity IndicatorsTM service to help support AB with its investment management, liquidity risk management and regulatory compliance obligations.
With the increased focus on liquidity as a critical risk factor in the fixed income markets, market participants are actively integrating objective, quantitatively-driven liquidity risk analytics into their workflows. These analytics are designed to help support several industry challenges, including optimizing investment decision-making, bolstering portfolio liquidity risk management practices, and complying with regulatory requirements globally — including the SEC’s Liquidity Risk Management Rule, which in part took effect on December 1, 2018.
ICE Liquidity Indicators offers a comprehensive suite of solutions designed to directly support clients in dealing with these challenges. It combines innovative liquidity modeling techniques with user-defined inputs to simulate liquidation scenarios across millions of fixed income, equity, and derivative instruments. These capabilities are designed to offer actionable oversight at the security-level, portfolio-level, and across the complex through a flexible user interface, compatible content delivery mechanisms, and multi-layered reporting services.
“As a global investment manager with $530 billion in assets under management, it is critical that we take all appropriate factors into account when determining compliance with the SEC’s new Liquidity Rule. ICE’s solutions not only enable us to accurately comply with the Rule, but will also enhance our ability to assess opportunities and risks that can impact our current portfolio of investments and our future decision-making process,” said Michael Herskovitz, Co-Head of Operations and Technology at AB. “ICE’s solutions for liquidity risk analysis offer us an increased level of transparency into the opaque fixed income markets. They will support our investment management and risk oversight procedures, and help us maintain compliance with the SEC’s new Liquidity Rule.”
“Managing liquidity risk has become increasingly important to our customers. We are happy that AB has selected us as a trusted service provider to provide tools to help them effectively manage exposure in the markets they serve,” said ICE Data Services President and COO Lynn Martin. “ICE Liquidity Indicators is powered by our award-winning fixed income evaluation and reference data services, and provides a comprehensive set of solutions for investment insight and decision-making, risk management and compliance support.”
ICE Data Services offers a broad range of data solutions including pricing and analytics, indices and exchange data via secure, flexible connections. These services help customers address their investing, trading, compliance and risk management requirements across a broad range of asset classes.
