India, July 30 -- Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), has agreed to buy bond trading platform MarketAxess Holdings in an all-cash deal. The deal is valued at around $6 billion, with an enterprise value of $5.7 billion.

ICE will pay $167 per MarketAxess share in cash to buy all outstanding shares of the company. The offer price is 33% higher than MarketAxess' closing share price on Wednesday, giving shareholders a premium over the market value.

MarketAxess is an electronic bond trading platform that connects around 2,100 institutional investors and broker-dealers across more than 90 countries. The platform allows electronic trading in corporate bonds, U.S. Treasuries, emerging market...