Intercontinental Exchange Inc Stock Price, News & Analysis

ICE's November 2024 mortgage performance data shows concerning trends in the U.S. housing market. The national delinquency rate increased to 3.74%, marking the highest level in nearly three years and six consecutive months of year-over-year increases. The total number of properties 30+ days past due but not in foreclosure reached 2,027,000, up by 159,000 month-over-month.

Seriously delinquent loans (90+ days past due) increased to 512,000 properties. Despite rising delinquencies, foreclosure activity remained subdued, with starts and completions dropping in November and staying below pre-pandemic levels. Prepayment activity fell 25.0% month-over-month due to higher interest rates.

Louisiana leads states with the highest non-current percentage at 8.60%, while Washington has the lowest at 2.16%. Florida showed the largest 12-month increase in non-current loans at 28.13%.

The New York Stock Exchange (NYSE) has announced new content offerings, including a daily pre-market update and additional content from the NYSE Trading Floor. The initiative features Kristen Scholer, Senior Markets Anchor, delivering daily pre-market updates with key insights before the Opening Bell.

The NYSE has also released its end-of-year video highlighting defining market moments of 2024. The exchange is providing enhanced content resources including B-Roll footage of the Trading Floor and market milestones, photo highlights of NYSE-listed companies, and original content series such as Floor Talk, Inside the ICE House Podcast, and Taking Stock featuring interviews with industry leaders and entrepreneurs.

The New York Stock Exchange (NYSE) has announced new daily pre-market updates and content initiatives from its Trading Floor. The offerings include:

- Daily pre-market updates by Senior Markets Anchor Kristen Scholer, providing trading day insights before the Opening Bell
- Release of the NYSE end-of-year recap video highlighting key market moments of 2024
- Expanded content offerings including B-Roll footage of the Trading Floor and market milestones
- Original content series featuring 'Floor Talk' interviews, 'Inside the ICE House Podcast' with industry leaders, and 'Taking Stock' segments with entrepreneurs

The New York Stock Exchange (NYSE) announces a new daily pre-market update service and expanded content offerings from its Trading Floor. The initiative features Kristen Scholer, Senior Markets Anchor, delivering key insights before the Opening Bell. The expanded content package includes:

• NYSE Photo Highlights featuring listed companies and Trading Floor moments
• B-Roll Footage of Trading Floor and market events
• Original content series including Floor Talk interviews, Inside the ICE House Podcast, and Taking Stock features

Intercontinental Exchange (ICE) has launched MSCI® MarketAxess Tradable Corporate Bond Index futures, expanding its suite of financial products. The new futures contracts are based on newly created corporate bond indices by MSCI and MarketAxess, offering four variants across USD and EUR markets in both Investment Grade and High Yield categories.

These indices utilize MarketAxess' Relative Liquidity Scores to identify liquid fixed income securities from MSCI's broader Corporate Bond Indices. The launch aims to provide institutional investors with better tools for managing corporate bond portfolios and integrating hedging strategies. ICE currently dominates global MSCI futures trading, accounting for over 70% of volume in equity markets. In 2024, ICE's MSCI complex has averaged daily volumes of 190,000 contracts, representing approximately $13.6 billion in notional value.

Intercontinental Exchange (NYSE:ICE) announced record-breaking performance for its ICE Midland WTI (HOU) crude futures, with open interest reaching 160,600 contracts on November 20, 2024, marking a 130% year-over-year increase. The exchange delivered a record 20 million barrels of Midland WTI crude in November through exchange settlement and EFPs.

Notable developments include Continental Resources switching part of its Permian production pricing to HOU, and Platts planning to launch a daily price assessment of Midland WTI crude as a differential to HOU from January 22, 2025. The HOU futures are physically deliverable at ONEOK Magellan East Houston and Enterprise Crude Houston terminals, offering up to 98% margin offsets with other oil positions.

Intercontinental Exchange (NYSE:ICE) has launched Long European Union (EU) Bond Index futures, with the first trades already executed. The cash-settled futures contract references the ICE 8-13 Year European Union Index (G0EU8T13), tracking long-term EU debt performance.

The Index, produced by ICE Data Indices, includes securities with remaining maturity between 8 and 13 years. This innovative product aims to provide efficient exposure management to EU sovereign bonds and is designed to attract a larger pool of liquidity through its equity-style, index-based, cash-settled structure.

The contract trades alongside ICE's European interest rate markets, including Euribor, €STR, SONIA, and SARON benchmarks. ICE's interest rate derivatives complex has seen over 20% year-over-year growth in open interest.

ICE's December 2024 Mortgage Monitor Report reveals a significant surge in mortgage refinancing activity during September and October, with over 300,000 closings - the highest in 2.5 years. This surge occurred when 30-year conforming mortgage rates dropped to the low 6% range. Notable findings include:

- Nearly 150,000 were rate/term refinances, exceeding cash-out refis for the first time in 3 years
- Average borrowers reduced their first lien rate by over a point and monthly payments by $320
- VA loans represented 30% of rate/term activity
- Over 35% of VA and 10% of all rate/term refinances in 2024 had loan-to-value ratios exceeding 100%

Intercontinental Exchange (NYSE:ICE) has expanded its global energy portfolio by launching Japanese Power Futures. The offering includes four Financial Baseload and Peakload Futures covering Tokyo and Kansai areas, enabling market participants to manage exposure to the Japanese Electric Power Exchange (JEPX) day-ahead auction prices.

The futures will be available in monthly, quarterly, seasonal, Calendar, and Fiscal Year contracts. Traders can also access spreads between Tokyo and Kansai regions. This addition complements ICE's existing energy markets, which include benchmark products like JKM LNG, TTF, Henry Hub, and Newcastle Coal Futures. ICE reports a 20% year-over-year increase in open interest across its energy markets.