MultiLynq Becomes First Provider to Offer Connectivity to ICE Bonds’ RMA Protocol | LeapRate
MultiLynq LLC, a financial technology provider for electronic fixed income trading, has become the first company to offer its customers connectivity to the ICE Bonds Risk Matching Auction (RMA) protocol, Intercontinental Exchange, Inc. (NYSE:ICE) announced. The move expands dealer access across the ICE Bonds marketplace.
The RMA protocol, part of the ICE Bonds suite of trading solutions, runs multiple dealer to dealer sweep auctions each week for corporate bonds. By integrating the protocol through the ICE Application Programming Interface (API), MultiLynq allows dealers on its platform to connect directly to ICE Bonds’ session based trading workflow and tap into a deep pool of liquidity across the marketplace.
Six firms have already begun using the ICE Bonds RMA protocol through MultiLynq. This adds to a wider RMA network of 15 firms already connected via ICE Bonds’ Graphical User Interface (GUI) and API access channels. MultiLynq has also invested in connectivity to ICE Bonds’ Automated Trading System (ATS), giving dealers streamlined access to multiple trading protocols and liquidity pools through one connectivity framework.
Peter Borstelmann, President of ICE Bonds, said the integration marks an important step in the evolution of electronic fixed income trading, noting that reducing manual processes helps firms engage more systematically with liquidity and scale operations.
Patrick Scheideler, Co-Founder at MultiLynq, said the industry’s shift toward real time, standardized data is fueling demand for high performing API platforms, and that offering the RMA protocol gives clients a powerful new way to access ICE’s fixed income liquidity.
The partnership reflects a broader trend toward automation and efficiency in fixed income markets, as trading firms increasingly seek unified, technology driven access to liquidity across venues.
