ICE Agrees to Acquire Merrill Lynch Option Volatility Estimate Indices

Intercontinental Exchange (ICE) has agreed to acquire fixed income volatility indices, including the Merrill Lynch Option Volatility Estimate (MOVE) family of indices, from Bank of America Merrill Lynch. The MOVE Index is a well-recognised measure of US interest rate volatility and can provide a signal for changing risk sentiment in fixed income markets. ICE will...