The owner of the New York Stock Exchange is betting billions that corporate bond trading is moving into the modern era.

Intercontinental Exchange said on Monday it agreed to buy financial data provider Interactive Data from private equity firms Silver Lake and Warburg Pincus for $5.2 billion. ICE outbid several other suitors, reflecting its view that there is big money to be made from bond price data as the buying and selling of corporate debt shifts to electronic marketplaces.