Tradeweb, a global operator of electronic marketplaces for rates, credit, equities and money markets, agreed to acquire ICD, an institutional investment technology provider, from Parthenon Capital Partners, a private equity firm, for $785m. "ICD is an exceptional opportunity to acquire a leading investment platform for corporate treasurers, a fast-growing channel within fixed income markets and a strong strategic fit for Tradeweb. Acquiring ICD will further diversify our client and business mix, advancing our track record of expanding into adjacent markets to improve client workflows. As part of Tradeweb, ICD will also be positioned to drive the adoption of electronic trading for corporate treasurers. We look forward to welcoming the talented ICD team onboard, who share Tradeweb’s unwavering commitment to delivering innovative products and extraordinary service, and to jointly creating even greater value for our clients and shareholders," Billy Hult, Tradeweb CEO.