ICE TMC Support / What's New / Previous Enhancements

December 2024

Highlights

Send UW Order Fill Message for Primary CD Orders with TOMS

Enhanced the support for posting New Issue CD offerings via Bloomberg TOMs to include the order fill message which is necessary for dealers to manage the deal.

At time of order approval by the dealer, TMC sends an AE message to the dealer so that dealer can make their booking, after which UW will send quantity update message to TMC to update the deal available quantity.

At the time of deal execution (at “Expected Trade Datetime”), TMC tickets based on aggregate amount but doesn’t send duplicate AE messages to TOMS dealer.

Platform

Calculate Accrual for Fixed to Float Bonds

For accrued interest calculation, currently we handle fixed-to-float bonds when they are in the period when coupon rates are fixed. This project expands accrued interest calculation to the floating-rate leg. Calculation is available for the bonds with definitive coupon reset dates and regular payment frequencies.

Support FedFis Rating for CD

We added FedFis rating data for CD, which is available on various screens, such as Advanced Search, Filters, Market Snapshot, Security Master, etc. A tool tip is available to indicate what scales mean in terms of quality of issues.

Additional enhancements and bug fixes

Update Corporate Office Address

Starting from December 2024, ICE Bonds is operating from a new corporate address. Updates were done to all platforms of ICE Bonds.

Mailing address: ICE Bonds Securities Corporation, 1345 Avenue of the Americas, 7th Floor, New York, NY 10105

Add Millisecond to Trade Time on Order Ticket Detail

An enhancement is made to provide the millisecond portion of the Trade Time for an order after it’s executed on Order Ticket Detail.

October 2024

Release Notes

ICE BestEx and ICE Size Adjusted Pricing Data

Adding color display mapped to the ICE Data Services BestEx scores and Size-adjusted Pricing (SAP) data within the Trade Ticket along with currently available ICE End of Day Evaluated price and ICE Continuous Evaluated Price (CEP)1. ICE is currently making this available to any Trader Workstation user to highlight this new functionality. Further enhancements will allow this content to be leveraged in other areas to improve workflow efficiency and data validations, such as Rule Based Approval.

More information

1For information about ICE’s Best Execution service, please see the Best Execution Scoring Methodology - Fixed Income Securities which is available upon request. For information about ICE’s EOD evaluations and CEP and SAP, please see the Methodology Binder which is available upon request." to the first enhancement, "ICE BestEx and ICE Size Adjusted Pricing Data", including the link to ICE Best Ex site, https://www.ice.com/fixed-income-data-services/data-and-analytics/pricing-and-analytics/analytics/bestexecution

TMC Bonds ICE BestEx ICE Size Adjusted Pricing Data

Single Order Size Control

Allow firms to set individual fat finger limits per asset class vs the current single limit on all trade activity providing more flexibility for firms in setting market access controls.

Enhance Rule Based Approval for Bulk Executions

Provide additional flexibility for firms leveraging Rule Based Approval to force bulk orders to stop at desk or allow the individual orders to be routed for execution.

Fixed-to-Float Day Count

Working with ICE Data Services (IDS), TMC is now able to source the updated day-count code for “fixed-to-floaters” when its in the floater period.

Add “CoCos” Data

For CORP only, add a “CoCo” (Contingency Convertibles) data point and make it available in company filters.

Add “Early Settle” Filter

For CD only, add an Early Settle (before dated date) option to company filter.

Additional Enhancements and Bug Fixes

Add MBS Market Data -- previously only available on the front-end, posted MBS offerings will now be available to be sent through market data feeds along with support for corresponding order flows through the feed
Add CEP for MBS -- add MBS ICE CEP pricing to platform
Allow Auto Accepting and Allocation Primary Orders -- expand the capability of auto-accepting and allocating primary orders against both own inventory and ATS, control via new company attributes
Set CD Default Values -- supply default values for multiple data points that frequently miss security master data -- original settle, day count, trade size minimum and denomination increment
Fix Password Reset Link -- fix URL error when resetting password from Web-based e-mail applications
Fix MBS Calculations -- fix incorrect MBS calculations for net price and principal amount

Limitations

Fixed income evaluations, continuous evaluated pricing, end-of-day evaluations and Size-Adjusted Pricing, are provided in the US through ICE Data Pricing & Reference Data, LLC and internationally through ICE Data Services entities in Europe and Asia Pacific. ICE Data Pricing & Reference Data, LLC is a registered investment adviser with the US Securities and Exchange Commission. Additional information about ICE Data Pricing & Reference Data, LLC is available on the SEC’s website at www.adviserinfo.sec.gov. A copy of ICE Data Pricing & Reference Data, LLC’s Form ADV is available upon request.

Trading and execution services are offered through ICE Bonds Securities Corporation or ICE Bonds, member FINRA, MSRB and SIPC. The information found herein, has been prepared solely for informational purposes and should not be considered investment advice, is neither an offer to sell nor a solicitation of an offer to buy any financial product(s), is intended for institutional customers only and is not intended for retail customer use.

May 2024

BOY2024 Release Notes

Support for New Issue CD workflows through Bloomberg TOMS

New Issue CD dealers can now manage new issue CD offers through Bloomberg TOMs. This includes updating offerings as well as corresponding order flow. This enhancement is providing dealers more options and flexibility in providing NI CD on TMC. Dealers can already manage NI CD workflows through direct API feed sessions or through file upload process.

ICE Climate Physical Risk Scores

Partnering with ICE Data Services, ICE Climate Physical Risk Scores are now available on the security master tab on the ICE TMC Site. The ICE Climate Physical Risk Scores are 0.0-5.0 relative measures of estimated property value-at-risk and GDP impairment from physical climate hazards to a given location or set of locations linked to an investment. For the Total Score and three component scores (Hurricane, Flood, Wildfire), a full integer increase in score corresponds to an approximate “doubling” of financial risk.

More information
Disclaimer

Support Bulk Execution on Buy Orders
This workflow enhancements provides the ability to “Bulk Execute” a buy order across multiple customer accounts. Traditionally each customer buy order was managed independently resulting in separate executions. The Bulk Execution results in a single aggregated transaction with each customer order filled at same level.

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Previous Enhancements

Highlights

Platform

Additional enhancements and bug fixes

Additional Enhancements and Bug Fixes