ICE Announces Acquisition of Ballista

IntercontinentalExchange ICE today announced it has acquired Ballista Securities. Ballista is a registered broker/dealer that offers an electronic options platform for the execution of block-sized and complex multi-leg options transactions. Ballista will augment ICE's existing initiatives in the options market, which began with YellowJacket's entry into the off-exchange negotiated market last year. Ballista will be operated as a wholly owned subsidiary of ICE. Terms of the transaction were not disclosed.