Intercontinental Exchange said Friday that it would acquire SuperDerivatives for about $350 million in cash to expand its financial market clearing and data services.

SuperDerivatives provides risk management analytics systems across all asset classes, including foreign exchange, interest rates, equities and commodities. ICE said the acquisition will help it expand its multi-asset-class clearing strategy. SuperDerivatives, which was founded in 2000, is based in New York and has more than 300 employees. The company also provides valuation services and market data.