Intercontinental Exchange (ICE), an operator of global exchanges, clearing houses and data services, has announced that the ICE US Treasury Bond indices have been selected as the new benchmarks for a range of ETFs offered by BlackRock iShares, Direxion, and Yuanta Securities Investment Trust Company (Yuanta SITC).
BlackRock iShares will move three additional ETFs to the ICE US Treasury Indices in July, following the four ETFs it moved in March, which included the 20+ Year Treasury Bond ETF (TLT). The ICE US Treasury Bond indices also were selected as the benchmark for six Direxion ETFs on May 2, including the Direxion Daily 20+ Year Treasury Bull 3X Shares (TMF) and the Direxion Daily 20+ Year Treasury Bear 3X Shares (TMV). In addition, Yuanta SITC has selected ICE US Treasury Bond indices to power two new leverage and inverse ETF products.
“We’re delighted to expand our relationship with ICE as the new benchmark index provider for our leveraged and inverse Treasury ETFs,” says Eric Falkeis, Direxion’s Chief Operating Officer. “Their proven expertise in index design and calculation services made it an easy decision.”
Julian Liu, President and Chief Executive Officer of Yuanta SITC, says: “We are delighted to work with ICE as our US Treasury Bond benchmark index provider. We see demand within the existing Yuanta SITC network in Asia (including China, Thailand, Indonesia and Korea) for U.S. Treasury exposure,” he adds.
“We are pleased that the ICE US Treasury Bond Index Series is gaining traction globally. The breadth and high-quality of our evaluated pricing and reference data underpins our index services,” says Andrew Hausman, president of Interactive Data Pricing and Reference Data LLC, a subsidiary of ICE. “The adoption of ICE indices by clients like these is further validation of our expertise and our ability to provide objective, independent index services , including construction and design consultation as well as support, maintenance, and calculation services.”
