Intercontinental Exchange Inc. completed its acquisition of various U.S. fixed-income volatility indexes from Bank of America Merrill Lynch.
Financial terms of the deal were not disclosed.
The acquired indexes include the Merrill Lynch Option Volatility Estimate Index, or the MOVE Index. The MOVE Index measures the implied yield volatility of one-month over-the-counter options on 2-year, 5-year, 10-year and 30-year Treasurys. Other acquired indexes track different option expiries and measure volatility in the U.S. interest rate swap market.
The acquired indexes have been re-branded as ICE BofAML Indices and are now part of ICE Data Indices.