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Mark Heckert
Chief Operating Officer, Data Services at ICE
Mark Heckert is a senior executive at Intercontinental Exchange (ICE), currently serving as the Chief Operating Officer of Data Services.12 He has an extensive background in the financial services industry, particularly in data and analytics.
Career at ICE
Mark Heckert has held several key positions within ICE:
- Chief Operating Officer, Data Services: His current role, overseeing global sales and operations for ICE Data Services.2
- Chief Product Officer, Fixed Income and Data Services: A position he has held since September 2019.1
- Head of Pricing and Analytics, ICE Data Services: From January 2017 to September 2019.1
Previous Experience
Before his tenure at ICE, Heckert worked at Interactive Data, where he held various leadership positions:
- Senior Vice President, Global Evaluated Pricing: From January 2015 to June 2016.1
- Senior Director, Americas Corporate, Sovereign and OTC Derivatives Evaluations: From January 2011 to January 2016.1
Education and Professional Development
Heckert has continued his professional development throughout his career:
- He attended the Securities Industry Institute from 2012 to 2014.1
Additional Roles and Responsibilities
Beyond his primary duties at ICE, Mark Heckert is also:
- A member of the Board of Directors for Expect Miracles Foundation, an organization that rallies the financial services industry to invest in cancer research and patient care programs.1
Mark Heckert's career trajectory demonstrates his expertise in financial data services, pricing, and analytics. His progression through various roles at ICE and his previous experience at Interactive Data have positioned him as a key figure in the financial technology and data services sector.
Highlights
I had the pleasure of speaking with Dan Barnes about the importance of Data Pipelines. Please have a read and let me know if ICE can help with anything data or otherwise.
https://lnkd.in/eN-iXkWJ
As volatility ticks up and uncertainty lingers, we’re reminded of the importance of reduced tracking error and accurate evaluated pricing for bond markets.
February was a case in point. The US Corporate Index return from 3pm on 1/31/2021 to 3pm on 2/28/2021 was -1.96%, while the index return from 4pm on 1/31/2021 to 4pm on 2/28/2021 was -1.61%. This represents a sizable 0.35% difference. Of course, it’s the same basket of bonds and these differences even out over time. But if this magnitude of difference fell at the end of a quarter or fiscal year, it could trigger needless or difficult discussions with asset owner clients.
At ICE, evaluated pricing clients have the choice of 3pm or 4pm evaluated prices for both U.S. fixed income markets and our U.S. bond indices. Often, the differences between the index returns calculated using 4pm evaluated prices and 3pm evaluated prices aren’t that great. But in volatile markets that can change. We know that markets are difficult enough to navigate without the added stress of increased tracking error. That’s why we’ll continue to offer our clients choice.
