Intercontinental Exchange Inc Stock Price, News & Analysis

The New York Stock Exchange (NYSE) and the Tel Aviv Stock Exchange (TASE) have signed a memorandum to collaborate on dual listings and explore new product development in ESG, ETFs, and indexes.

This partnership aims to identify candidates for dual listings, enhance market activities, and potentially increase investment opportunities in both markets. The agreement signifies a strategic step for TASE to bolster its growth while connecting Israeli companies to global markets. The dual listings promise broader investor access to innovative economies.

Intercontinental Exchange (ICE) has launched the ICE Carbon Reference Entity Data Service (ICE CRED), aimed at optimizing carbon credit management throughout the trading lifecycle. ICE CRED aggregates and standardizes data from global registries, providing a unique identifier for carbon credits, thereby minimizing operational risks and costs associated with trading. This service complements the upcoming ISDA Verified Carbon Credit Transactions Definitions, enhancing transparency in carbon markets. It will be accessible via ICE’s digital platforms, further solidifying ICE's role in facilitating effective carbon trading.

Intercontinental Exchange (NYSE:ICE) reported significant trading volume and revenue statistics for November 2022. Highlights include a 14% year-over-year increase in total natural gas average daily volume (ADV), with North American natural gas ADV surging 25%. Agricultural and metals ADV also rose by 17%, and Euribor ADV increased by 32%. Notably, MSCI ADV saw a 31% jump. These figures reflect robust market activity and suggest positive growth trends across multiple asset classes.

Intercontinental Exchange (ICE) announced that CEO Jeffrey C. Sprecher will present at the Goldman Sachs U.S. Financial Services Conference on December 6 at 1:00 pm ET. The presentation will be available live and for replay via webcast on ICE’s investor relations website. ICE is a leader in data, technology, and market infrastructure, providing financial technology and data services across major asset classes. Their operations include exchanges like the New York Stock Exchange and services that enhance transparency and efficiency for customers.

Intercontinental Exchange (ICE) reported that the U.K. Financial Conduct Authority (FCA) proposed a requirement for ICE Benchmark Administration (IBA) to publish 'synthetic' U.S. dollar LIBOR rates for 1-, 3-, and 6-month settings until September 2024. This follows the FCA's intent to continue the 3-month synthetic sterling LIBOR setting until March 2024. Current LIBOR settings still use panel bank contributions, ceasing after June 2023. The FCA's consultation on this proposal is open until January 6, 2023, with decisions expected in Q1 or Q2 2023.

Intercontinental Exchange (NYSE: ICE) has launched a new service to assist asset managers in complying with Task Force for Climate-Related Financial Disclosures (TCFD) requirements. This service addresses the current challenge where less than 10% of asset managers report fully according to TCFD guidelines, primarily due to inadequate carbon emission reporting by companies. The solution incorporates climate transition data and emissions analytics, aiding clients in meeting regulatory demands and enhancing investment decision-making.

The PIMCO Active Bond Exchange-Traded Fund (NYSE: BOND) began trading today, marking the first active ETF to be listed on the NYSE. The fund transitions from NYSE Arca and benefits from the NYSE's floor-based trading model, enhancing visibility and trading outcomes. With rising yields making bonds more attractive, PIMCO suggests actively-managed bond strategies can aid in portfolio diversification during economic slowdowns. This listing is significant, as no ETFs have been listed on the NYSE in the past 15 years.

Intercontinental Exchange (NYSE:ICE) announced the cessation of USD LIBOR ICE Swap Rate publications effective June 30, 2023. This decision follows the FCA's March 2021 announcement regarding the lack of sufficient data for USD LIBOR calculations. IBA previously consulted on this matter in August 2022. Users are advised to prepare for this change in their contracts. Additionally, since November 2021, IBA has provided USD ICE Swap Rate settings based on SOFR as a benchmark alternative.

Intercontinental Exchange (NYSE: ICE) has announced that the ICE FactSet® Carbon Neutral Megatrend Index will serve as the benchmark for the new Hua Nan Carbon Neutral Index Fund, launching on November 7, 2022. This index tracks companies focused on reducing carbon emissions, marking a significant step in ESG investment in Taiwan. Magnus Cattan highlighted the growing relevance of ESG factors in the APAC region, aiming to expand ICE's ESG offerings. The ICE FactSet Carbon Neutral Megatrend Index currently benchmarks over $1.5 trillion in assets globally.