logo
Plus   Neg
Share
Email

ICE To Acquire MOVE Index From Bank Of America Merrill Lynch - Quick Facts

Intercontinental Exchange, Inc. (ICE) has agreed to acquire the Merrill Lynch Option Volatility Estimate, or MOVE family of indices, from Bank of America Merrill Lynch. The MOVE Index is a measure of U.S. interest rate volatility. ICE will also acquire other variations of MOVE that track different option expiries, as well as other indices that similarly measure volatility in the U.S. interest rate swap market.

The MOVE and the accompanying fixed income volatility indices will become part of ICE Data Indices' family of more than 5,000 global indices.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Polaris Industries Inc. is recalling certain Ranger and General Utility, as well as All-Terrain vehicles citing risks of crash, the U.S. Consumer Product Safety Commission said in a statement. The Medina, Minnesota-based company has called back about 26,730 units of Model Year 2019 - 2020 Ranger XP 1000 & Model Year 2020 General XP 1000 Utility vehicles. Gilead Sciences Inc. (GILD) said Friday that the European Commission has granted conditional marketing authorization for Veklury or remdesivir as a treatment for SARS-CoV-2 infection, the virus that causes COVID-19. FedEx is asking NFL team Washington Redskins to change its name for its racist connotations. The delivery services company, which is a major sponsor for the team, made the suggestion following increasing pressure from its investors amid the ongoing protests against racial injustice and inequality that arose from the killing of African-American George Floyd.
Follow RTT