Intercontinental Exchange Inc Stock Price, News & Analysis

On April 23, 2023, DolphinDB, a leader in time-series databases, announced a partnership with Intercontinental Exchange (ICE) to provide access to ICE's Consolidated Feed and historical tick data services. This collaboration enables DolphinDB users to access real-time and intra-day data from over 600 markets, enhancing their trading strategy research and execution processes.

The ICE Consolidated Feed is utilized by major financial institutions, offering vital analytics for informed investment decisions. The integration aims to streamline data acquisition, processing, and analysis, ultimately benefiting clients in quantitative investment research.

Both companies emphasize their commitment to innovation and delivering high-quality financial data solutions to global market participants.

Intercontinental Exchange (NYSE:ICE) announced the launch of the U.S. dollar (USD) SOFR Spread-Adjusted ICE Swap Rate, set to operate from June 30, 2023. This new benchmark will replace the USD LIBOR ICE Swap Rate, which will cease publication on the same date. The SOFR-based rates are currently available in a beta format for testing and align with the Alternative Reference Rates Committee's guidelines. Following market feedback, the launch date has been advanced from July 3, 2023 to June 30, 2023. These benchmarks will assist financial institutions in transitioning away from LIBOR, ensuring compliance with new regulatory frameworks.

Intercontinental Exchange (NYSE:ICE) reported robust trading volume and revenue statistics for March 2023, showcasing significant growth across its commodity, energy, and financial markets. Highlights include a 15% year-over-year increase in average daily volume (ADV) and record open interest in various categories, including natural gas and cocoa. Total ADV rose 4% year-over-year in the first quarter, driven by strong performance in commodities and financials. Natural gas ADV increased 10% year-over-year, while financials saw a 30% increase in ADV. Overall, ICE's diverse offerings illustrate its resilience in managing market risks during uncertain times.

Intercontinental Exchange (NYSE:ICE) reported record trading volumes in Euribor derivatives for March 2023, with 49.5 million contracts traded, surpassing the previous record from January 2013. The average daily volume reached 1.75 million contracts, marking a 24% year-over-year increase. Open interest in Euribor rose by 6% to 14.56 million contracts, while SONIA open interest grew by 8% to 2.25 million. Caterina Caramaschi, VP of Financial Derivatives at ICE, noted the increased liquidity and participant diversity in managing European interest rate risks amid market volatility.

Intercontinental Exchange (ICE) announced that Assenagon, a rapid-growing asset manager based in Luxembourg with €37 billion in assets under management, has selected ICE's Portfolio Analytics platform for OTC derivatives valuation. This collaboration aims to enhance Assenagon's risk assessments and valuations through real-time market data and cloud-hosted analytics. The technology integration is designed to streamline workflows and provide greater transparency in the financial markets. ICE’s solutions are expected to bolster Assenagon's existing analytical frameworks, particularly in derivatives-based strategies.