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Intercontinental Exchange closes on MOVE index acquisition

|About: Intercontinental Exchange, ... (ICE)|By:, SA News Editor

Intercontinental Exchange (NYSE:ICE) completes its acquisition of a family of U.S. fixed income volatility indices from Bank of America (NYSE:BAC) Merrill Lynch.

The acquired indices include the Merrill Lynch Option Volatility Estimate (NASDAQ:MOVE) Index, an indicator of U.S. interest rate volatility that is sometimes referred to as the "VIX for bonds."

The acquired indices have been rebranded ICE BofAML Indices are are now part of ICE Data Indices' family.

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