ICE brings fixed-income pricing data to major AI platforms

Intercontinental Exchange Inc. has made fixed-income pricing data and valuation methodologies available to licensed users on major AI platforms using the Model Context Protocol (MCP). MCP, developed by Anthropic and governed by the Agentic AI Foundation, provides a protected knowledge layer and permission controls so enterprises can let AI services access specific datasets without exposing core models or raw files. ICE noted the capability is currently active in Claude and that MCP enables future compatibility with ChatGPT, Gemini and Microsoft Copilot.

ICE is offering End-of-Day Fixed Income Evaluations with daily valuations for more than 3 million instruments spanning over 150 countries and more than 80 currencies. The firm also supplies an Enhanced Evaluation Transparency feed with about 160 data points per identifier, reference data, price movement commentary, mortgage-backed securities assumptive data and trade and quote information. Additional datasets available to licensed users include an AAA municipal bond curve, U.S. Treasury benchmark data, and bond trades reported to FINRA TRACE and to MSRB RTRS.

Clients can connect these datasets into AI workflows so platform responses reflect ICE pricing, valuation methods and market context while preserving ICE’s data hierarchies and analytical processes. MCP’s permissioning and usage controls let firms limit which AI services can access specific data and enable licensing by the value of data delivered rather than by compute consumption, ICE stated.

ICE is also expanding AI tools within its fixed-income business. ICE Compass is a trading analytics platform that ranks trading counterparties and produces pre-trade price estimates for buy-side desks. The platform allows clients to combine their own real-time and historical trading records with ICE market data, pricing streams and daily inflows of bids, offers and indications of interest to track intraday movements, trading costs and behavior for counterparty selection and pre-trade cost analysis.

Chris Edmonds, President of ICE’s Fixed Income and Data Services, commented that customers will be able to use ICE data and analytics inside their AI workflows and that MCP’s protections and user-permissioning enable transparent, value-based access to the information.