Intercontinental Exchange Inc Stock Price, News & Analysis

Intercontinental Exchange (NYSE: ICE) has announced plans to launch MSCI® Equity Index Futures contracts on ICE Futures Abu Dhabi on February 24, 2025, subject to regulatory review. The new offering includes Micro MSCI futures for GCC Countries, Qatar, UAE, and India indices, all denominated in US dollars.

This initiative introduces a new asset class for trading at ICE Futures Abu Dhabi, providing investors with access to Gulf and Indian equity markets and risk management capabilities. ICE currently dominates MSCI Futures trading, accounting for over 70% of global volume, with average daily trading in 2024 representing approximately $13.6 billion in notional value.

The launch aims to enhance regional financial market development, improve market liquidity, and strengthen connectivity with global capital flows. It particularly emphasizes the growing importance of the Middle East-Asia corridor and supports the increasing participation of quantitative investment strategies in MENA markets.

Intercontinental Exchange (NYSE: ICE) reported record growth in assets under management (AUM) for ETFs benchmarked to ICE's indices listed on Asian exchanges in 2024. The passive AUM reached an all-time high of $45.15 billion by December 31, 2024, marking a 70% increase from 2023 and a 10x growth since acquiring BofA Indices in 2017.

The growth was driven by strong retail interest in fixed income and thematic investing. In 2024, 30 new ETFs were launched in Asia tracking ICE's indices, compared to 13 in 2023. Notable regional growth includes Taiwan with 53 ETFs from 15 issuers (67% AUM increase), and significant AUM growth in Japan (400%), Australia (69%), and South Korea (65%).

ICE currently provides over 7,000 global indices across various asset classes, with approximately $2 trillion in total AUM across active and passive strategies as of December 31, 2024.

Intercontinental Exchange (NYSE:ICE) reported record environmental market trading in 2024, with transactions exceeding $1 trillion in notional value for the fourth consecutive year. The company saw a 40% year-over-year increase in environmental futures and options contracts, reaching 20.4 million.

Key highlights include record participation in EU Carbon Allowance (EUA) and UK Carbon Allowance (UKA) futures and options, with physically delivered carbon allowances worth $40 billion. North American markets achieved record volumes of 5.6 million futures and options, with $12.3 billion physically delivered. California Carbon Allowance trading surged 68% year-over-year to 3.9 million contracts.

ICE plans to launch EUA 2 futures on May 6, 2025, supporting the EU's new emissions trading scheme (ETS 2) for buildings and road transport sectors.

ICE's December 2024 mortgage performance data shows mixed signals in the U.S. housing market. The national delinquency rate slightly decreased to 3.72% month-over-month but recorded a 4.0% year-over-year increase, marking the seventh consecutive annual rise. Early-stage delinquencies decreased by 41,000 (-3.6%), while serious delinquencies (90+ days past due) increased by 29,000 (+5.7%).

Foreclosure activity showed some improvement, with sales declining to their lowest level in nearly two years and starts averaging 26,800 monthly in 2024, down from 28,500 in 2023. The prepayment rate fell to 0.57% due to rising interest rates. Louisiana led states with the highest non-current loan percentage at 8.60%, while Montana had the lowest at 2.13%. Notable regional variations showed Hawaii improving with a -12.70% change in non-current loans, while Florida experienced a 23.10% increase.

Intercontinental Exchange (NYSE: ICE) achieved record-breaking trading volumes in 2024, with 2 billion futures and options contracts traded across its platforms. This historic performance included:

- Record 1.2 billion commodity contracts, featuring unprecedented oil trading volumes of 655 million contracts, including 346 million Brent futures and options, and 92.8 million Gasoil contracts
- Record 404 million natural gas futures and options contracts, including 93 million ICE TTF contracts
- Record 753 million interest rate derivatives contracts, including 467 million Euribor and 186 million SONIA futures and options

ICE's comprehensive platform spans multiple assets and geographies, offering customers margin offsets for capital efficiency, with U.S. financial gas markets covering 70 hubs across North America.

Intercontinental Exchange (NYSE: ICE) has launched the NYSE® IPO Index (NYSEIPO), a new equal-weighted index tracking the performance of newly listed companies on NYSE Group exchanges. The index includes 81 companies that have completed IPOs, direct listings, spin-offs, or transfers from OTC/ex-U.S. markets within the past three years.

The index requires companies to have a minimum market capitalization of $200 million and excludes SPACs and post-SPAC operating companies. This initiative leverages ICE's index expertise, with approximately $2 trillion in assets currently benchmarked to ICE Indices.

Intercontinental Exchange (NYSE: ICE) achieved its highest commodities trading volume day in history on January 10, 2025, with 9.1 million futures and options traded. This included record-breaking volumes of 8.7 million energy futures and options, and 6.1 million oil futures and options.

Notable trading records were set across several oil benchmarks, including 999,000 Gasoil futures and options, 905,700 ICE WTI (Cushing) futures and options, 214,200 ICE Dubai futures, and 104,400 ICE Murban futures. The company's global commodities complex has shown significant growth, with open interest up 11% year-over-year at 63.2 million contracts and average daily trading activity increasing 26% year-to-date.

Intercontinental Exchange (NYSE:ICE) has announced the acquisition of the American Financial Exchange (AFX) from 7RIDGE, securing 100% ownership. AFX is an electronic exchange platform for direct lending and borrowing among American banks and financial institutions, operating the credit-sensitive AMERIBOR® rate.

The acquisition aligns with ICE's existing mortgage technology network and global index business. AFX serves over 1,000 American banks and financial institutions, focusing on regional, midsize, community, and minority-owned banks. The AMERIBOR rate is determined daily based on unsecured interbank loans executed on the AFX platform.

ICE currently manages approximately $670 billion in AUM across passively managed products and about $2 trillion in AUM across combined active and passive strategies as of September 2024. The acquisition is not expected to materially impact ICE's 2025 financial results or affect its deleveraging or capital return plans.

Intercontinental Exchange (ICE) reported outstanding performance in December 2024, fourth quarter, and full year 2024, achieving multiple records across its trading platforms. The company saw record Futures & Options average daily volume (ADV) in Q4 2024, up 22% year-over-year, and record ADV in 2024, up 24% year-over-year.

Notable achievements include total open interest up 11% y/y, with particularly strong performance in Energy markets where OI increased 14% y/y. The WTI futures reached record OI of 883k lots, while TTF Gas hit record futures OI of 2.2M lots. In financial markets, SONIA achieved record futures OI of 2.9M lots, with ADV up 61% in 2024.

The company demonstrated robust growth across multiple sectors, including commodities, energy, and interest rates, with significant increases in trading volumes and open interest across most products.