Intercontinental Exchange has struck a deal to extend its reach into the corporate-bond market with a $400m acquisition of a trading platform from electronic market-maker Virtu Financial, marking its second deal in 24 hours.

The owner of the New York Stock Exchange, which also operates futures venues and clearing houses, has agreed to buy BondPoint from Virtu. The deal is expected to close in the first quarter of 2018, according to separate statements issued by the companies.