ICE’s Continuous Evaluated Pricing (CEP) provides high quality continuous, evaluated pricing for approximately 2.5 million fixed income instruments globally from liquid to less liquid and hard-to-value instruments across sovereigns, investment grade and high yield corporates, emerging markets and money market instruments. As a leading provider of evaluated pricing and related services, we're uniquely positioned to deliver this ground-breaking service. ICE’s evaluation process is driven by market data, including axes, trades, bids, quotes and various forms of market color from buy-side, sell-side sources, electronic trading platforms and public trade reporting systems. ICE combines extensive content, technology and algorithms, and experienced evaluators and data science teams to rapidly process and apply incoming data while retaining close evaluator oversight.
This approach allows clients to benefit from CEP in many activities including price discovery and idea generation, enhanced trading workflows, best execution and transaction cost analysis, intraday operational valuation processes and real-time risk and credit utilization monitoring.
Specifications
Key Features
ICE Continuous Evaluated Pricing™ (CEP™) provides high quality continuous, evaluated pricing across global fixed income securities. Key features include:
- Global Coverage: Corporates (investment grade and high yield), Emerging Markets, Sovereigns and Agencies, Convertibles, Money Market Instruments, and Bank Loans, as well as US MBS TBAs, MBS pass-throughs, Agency/government sponsored enterprise (GSE) debentures, Preferred stocks, and Municipal Bonds.
- Delivery Options: multiple delivery options are available, including
- Market Data Feed - ICE Consolidated Feed or FIX protocol-based market data feed enables access to Continuous Evaluated Pricing – CEP™ throughout the day
- Snapshot - Delivered through our traditional snapshot platform at snap times you choose; well-suited for those accustomed to FTP-style data delivery
- Web service API - provides on demand, intraday access to CEP™
- EXCEL® API - Add-in for Excel allows you to integrate CEP™ into custom spreadsheet tools and watch lists
- Web-based user interfaces - CEP™ is available through a number of our platforms providing comprehensive market data, innovative tools and customisable workflow solutions
Products
ICE Global Network offers delivery of high-quality content in native format, and access to execution services through an ultra-secure, highly resilient network. An important backbone for financial and commodity market information flow, it connects the global market community to the broadest ranges of data sources - including proprietary and third-party content - and trading venues in a safe, efficient manner.
The evolution of our file-based offering. Bringing together, in a unified solution Corporate Actions, Reference Data, Analytics and our wealth of pricing datasets including ICE Evaluations, CEP, Fair Value Information Services & Listed Market Pricing.
Buy-side and sell-side front offices continue to embrace more data and more technology in order to expand their opportunities and gain an edge over the competition. Enrich front office systems with ICE’s Data API solution, providing intraday access to fixed income pricing, on-demand analytics, reference data and more.
ICE Consolidated Feed is ICE’s Resilient, distributed and normalized Market data solution: providing Realtime access to Level 1,2 & 3 Market Data, News and Fundamental datasets through zero-footprint and throughput optimized API and connectivity options.
ICE Consolidated History is ICE’s Bulk History Offering: providing incremental updates and direct access to ICE’s archive of up to 15 years of tick-by-tick Level 1,2 and 3 historical tick level Market Data.
ICE Connect brings together access to cutting-edge trading tools with real-time cross-asset data, global news, and analytics all on one platform. Whatever your role, our platform can be tailored to your workflow for optimal efficiency.