Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that volumes for North American corporate bonds on the ICE Credit Trade electronic trading platform increased to $5.7 billion of traded notional in the first quarter of 2017, up 52% compared to fourth quarter 2016 notional traded. Launched in late 2015, the platform has achieved seven consecutive quarters of record notional value of bonds traded. The average trade size executed on the platform now exceeds $1.1 million for U.S. Investment Grade bonds and $700,000 for U.S. High Yield bonds.
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