Intercontinental Exchange Inc Stock Price, News & Analysis

Intercontinental Exchange (ICE) has announced the launch of the ICE U.S. Dollar Inflation Expectations Index Family, aimed at helping investors assess future inflation expectations. This index family offers daily market implied inflation expectations for three time horizons: 12 months, five years forward in one year, and five years forward in five years. Calculated from data linked to U.S. Treasury Inflation Protected Securities, the indices will provide crucial insights for financial markets and policy makers. Stakeholder feedback is encouraged during the initial feedback period regarding the index methodology.

Intercontinental Exchange (NYSE: ICE) has elected Marti Tirinnanzi as a new Director, effective March 4, 2022. Tirinnanzi, who brings extensive experience in risk management and blockchain technologies, previously served on the boards of ICE's subsidiaries. The announcement comes as Directors Charles Crisp, Frederic Salerno, and Vincent Tese will not seek re-election at the Annual Meeting on May 13, 2022. After the meeting, ICE's Board will comprise ten members, with six women and four men, enhancing diversity within the leadership.

Intercontinental Exchange (NYSE: ICE) reported significant growth in its U.S. Renewable Identification Numbers (RINs) and European biofuels derivatives markets. In 2021, nearly 600 million RINs traded, with February 2022 seeing a record of 194 million. Open interest for RINs also reached a high of over 112 million. The increased trading indicates a growing interest among participants to hedge against RIN price volatility. Additionally, ICE’s biodiesel and ethanol derivatives reported 33,015 contracts traded in February 2022, further underlining the expanding biofuels sector.

Intercontinental Exchange (NYSE: ICE) reported significant growth in trading volume and revenue for February 2022. Notable highlights include:

• Total average daily volume (ADV) increased 15% year-over-year (y/y)
• Total open interest (OI) climbed 6% y/y
• Energy ADV surged 12% y/y and OI rose 2% y/y
• Cocoa ADV soared 27% y/y with OI up 50% y/y
• Interest Rate ADV jumped 24% y/y and OI increased 18% y/y

This growth showcases robust performance across various asset classes.

Intercontinental Exchange (NYSE: ICE) has launched a global procurement and managed services solution in collaboration with Techary. This partnership aims to enhance the ICE Global Network (IGN) by offering customers comprehensive hosting, hardware procurement, and management services through a unified solution. With Techary's extensive vendor network, users gain improved scalability and support for their trading infrastructure. This initiative is designed to provide high-quality service and access to over 150 liquidity venues across various asset classes.

tZERO announced Alan Konevsky's appointment as Executive Vice President and Chief Legal and Corporate Affairs Officer effective March 2022. His role follows the minority investment by Intercontinental Exchange (NYSE: ICE) and the appointment of David Goone as CEO. Konevsky previously served as Interim CEO and Chief Legal Officer. In his new position, he will focus on strategic matters and support growth initiatives under Goone, aiming to enhance tZERO's digital market offerings, including cryptocurrencies and NFTs.

Intercontinental Exchange (ICE) announced that its Midland WTI American Gulf Coast futures (HOU) saw a successful first expiry on February 23, with 1,395 contracts, equating to 1.4 million barrels, for March delivery. Since trading began on January 24, over 12,000 contracts have been traded, amounting to 12 million barrels of Permian Basin crude. Current open interest stands at 3,576 contracts. The EFP mechanism is facilitating trade, and barrels can be delivered at strategic terminals, enhancing market efficiency.

Intercontinental Exchange (NYSE: ICE) announced that CFO Warren Gardiner will present at the Raymond James 43rd Annual Institutional Investors Conference. The presentation is scheduled for Tuesday, March 8 at 10:25 am EST. Investors can access the live webcast and replay on the investor section of ICE's website. ICE is a leading global provider of data, technology, and market infrastructure, offering services across various asset classes to enhance transparency and operational efficiency.

Intercontinental Exchange (NYSE:ICE) announced a strategic investment in tZERO, appointing David Goone as its new CEO. Goone, a long-serving member of ICE management, will lead tZERO in advancing blockchain innovation and liquidity for digital assets. ICE's investment terms remain undisclosed, but the transaction will not affect its capital return plans. tZERO aims to democratize access to capital markets with its SEC-regulated trading system. Other investors in this round include Overstock.com (NASDAQ:OSTK).