Intercontinental Exchange Inc Stock Price, News & Analysis

Intercontinental Exchange (ICE) reported a 16% year-over-year increase in Fourth Quarter Futures & Options Average Daily Volume (ADV), with notable performance across energy markets, which rose 17%. The company achieved record annual trading volumes in key sectors such as Brent, Heating Oil, TTF gas, and Global Environmentals.

ICE's President highlighted the significance of their markets for risk management amid volatile conditions in gas and carbon markets. Key metrics included a 43% increase in Interest Rate ADV and a 72% spike in Environmental contracts ADV in December.

Intercontinental Exchange (NYSE: ICE) has launched a new service to assist broker-dealers in complying with recent amendments to SEC Rule 15c2-11. This innovative solution allows users to access and review essential issuer information on fixed income securities before disseminating quotations. The service includes over 15 data fields required under the rule, facilitating compliance with the SEC's review mandates. By providing clarity on eligible securities, ICE aims to enhance operational efficiency and transparency for its clients while positioning itself as a first-mover in the regulatory compliance landscape.

Global Indemnity Group (NYSE: GBLI) has successfully completed its transfer listing to the New York Stock Exchange (NYSE), commencing trading today. This move aims to enhance market visibility and broaden shareholder reach by leveraging the NYSE's advanced market model and extensive network. Chairman Saul A. Fox stated that joining the NYSE aligns with their peers and is integral for delivering long-term shareholder value. Since 2000, nearly 300 companies have switched to the NYSE, representing over $1 trillion in market value.

The New York Stock Exchange (NYSE) announced that Kinsale Capital Group (NYSE: KNSL) has successfully completed its transfer to NYSE and will begin trading as a listed company.

This transition allows Kinsale Capital to benefit from NYSE's advanced market model, technology, and extensive network of industry leaders. CEO Michael P. Kehoe expressed optimism about this move, emphasizing the potential for long-term shareholder value. Since 2000, nearly 300 companies have moved to NYSE, representing over $1 trillion in market value.

Intercontinental Exchange (NYSE: ICE) announced the holiday calendar and early closing dates for its cash equity markets for 2024. Major markets included are the New York Stock Exchange, NYSE American Equities, and NYSE Arca Equities, along with NYSE options and bonds. Significant holidays include New Year’s Day, Martin Luther King Jr. Day, and Thanksgiving. The announcement also details early closing times on specific dates. Historical dates from 2022 and 2023 are provided for comparison.

Intercontinental Exchange (ICE) announced the launch of the GBP SONIA Spread-Adjusted ICE Swap Rate, set for January 4, 2022. This new benchmark will aid in addressing legacy contracts that reference GBP LIBOR ICE Swap Rate, responding to market demands. The settings have been available on a beta basis since May 2021 and will cover tenors ranging from one to 30 years. Developed in line with the Working Group on Sterling Risk-Free Reference Rates, these settings will support various financial instruments, ensuring compliance with updated market standards.

Intercontinental Exchange (NYSE:ICE) has successfully transitioned all open interest from LIBOR-based Three Month Sterling and Euroswiss futures and options to their risk-free rate (RFR) equivalents. This transition, completed on December 17, 2021, marks the culmination of ICE's LIBOR cessation process, establishing SONIA as the benchmark for U.K. short-term interest rate risk management. A total of 3,512,101 Sterling and 145,082 Euroswiss contracts were transitioned, resulting in open interest of 6,976,654 in SONIA and 153,208 in SARON contracts.

Glacier Bancorp, Inc. has successfully transferred its listing to the New York Stock Exchange (NYSE), trading as of today under the ticker symbol GBCI. This strategic move aims to enhance shareholder value by utilizing the NYSE's unique market model, advanced technology, and extensive network of business leaders. With over 300 companies having switched to the NYSE since 2000, Glacier Bancorp seeks to leverage increased brand visibility and investor relations services to support its growth trajectory. President Randy Chesler expressed optimism about the future direction alongside the NYSE community.

Intercontinental Exchange (NYSE: ICE) announced the quarterly rebalancing of the NYSE FANG+™ Index, effective December 20, 2021. The index will now include Microsoft, replacing Twitter, keeping the total at 10 constituents. The NYSE FANG+™ Index tracks top technology and tech-enabled stocks, historically outperforming with an annualized return of 32.96% from September 2014 to November 2021. This change aims to maintain its status as a vital benchmark for U.S. tech companies.