Indicative Pricing Starts Today — December 1, 2025

Dealers will submit MDX indicative prices on Series 1 swaps to ICE beginning today.

Dealers and Vista will publish an indicative MDX composite mid-market price based on those submissions after each day.  Dealers are looking forward to your feedback.


ISDA Agreements and Onboarding Underway

Market participants need ISDA Master Agreements in place with licensed MDX swap dealers to trade MDX.  Both MDX Working Groups encourage buy side firms to establish ISDA agreements with all MDX dealers and to contact existing dealer relationships to ensure their margin documentation is current.  ICE FI Select™ (ICE Swap Trade, LLC) is the licensed MDX swap trading venue, which has begun streamlined onboarding of buy side counterparties.

Please reach out with any questions. We look forward to working with you to prepare for trading after the new year.

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MDX® Dealer Indicative Pricing Results

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Vista at ICE Fixed Income Forum 2025