Intercontinental Exchange To Acquire SuperDerivatives - Quick Facts

(RTTNews) - Intercontinental Exchange (ICE) announced a definitive agreement to acquire SuperDerivatives, a provider of risk management analytics, financial market data and valuation services, for approximately $350 million. The company said the acquisition will accelerate the expansion of its multi-asset class clearing strategy.

SuperDerivatives is a Delaware Corporation, headquartered in New York, with 12 offices around the world and over 300 employees. SuperDerivatives provides risk management analytics and systems across all asset classes, including interest rates, FX, credit, equities, energy and commodities to customers ranging from banks, asset managers, corporations, central banks, auditors and brokers. The transaction is expected to close in the fourth quarter of 2014. ICE will provide relevant guidance when it reports quarterly earnings on November 4.