Intercontinental Exchange Inc Stock Price, News & Analysis

Intercontinental Exchange (NYSE: ICE) announced that KB Securities has chosen the NYSE FANG+® Daily 2x Leveraged Index for its KB Leverage FANG Plus ETN(H). This index aims to deliver approximately twice the daily return of the NYSE FANG+ Index, focusing on high-growth tech stocks. The ETN, launched on April 19, 2022, enables Korean investors to access key 'FAANG' stocks such as Facebook, Apple, and Amazon through a single instrument. ICE's indices serve as a benchmark for $1.5 trillion in global fund assets.

Intercontinental Exchange (NYSE: ICE) has launched a new data solution to assist clients in complying with the EU Sustainable Finance Disclosure Regulation (SFDR). This regulation aims to enhance transparency and standardization among asset managers for sustainable investments. ICE's SFDR PAI Solution provides event-triggered updates for mandatory adverse sustainability indicators, including greenhouse gas emissions and board diversity. This solution is tailored for global asset managers and financial advisors to facilitate compliance with the EU's reporting requirements.

Intercontinental Exchange (NYSE: ICE) reported significant trading volume increases for March 2022. Total average daily volume (ADV) rose by 9% year-over-year, while total open interest (OI) increased by 5% year-over-year. Key highlights included a 50% surge in total natural gas ADV and a remarkable 69% jump in Euribor ADV. The geopolitical climate, especially the war in Ukraine, influenced market activities, driving demand for risk management tools. ICE’s performance in energy, financials, and agricultural sectors demonstrated robust growth amid inflationary pressures.

Intercontinental Exchange (NYSE: ICE) plans to launch its first mortgage futures contracts on June 13, 2022, pending regulatory approval. The cash-settled contracts will be based on the ICE U.S. Conforming 30-year Fixed Mortgage Rate Lock Index and the ICE U.S. Jumbo 30-year Fixed Mortgage Rate Lock Index. These contracts aim to provide investors a refined hedge against U.S. residential mortgage rates, utilizing data from the extensive network of ICE Mortgage Technology. The launch follows ICE's acquisition of Ellie Mae in August 2020.

ICE Mortgage Technology, part of Intercontinental Exchange (NYSE: ICE), concluded its annual ICE Experience conference in Las Vegas with 2,500 attendees. The conference emphasized collaboration and innovation in the mortgage industry, featuring key speakers such as Jeffrey Sprecher and Abby Wambach. Following the in-person event, a virtual component will be available from April 18-30, 2022, offering on-demand sessions to thousands of mortgage professionals. The next ICE Experience is scheduled for February 27-March 1, 2023.

Intercontinental Exchange (NYSE:ICE) launched two Renewable Volume Obligation futures contracts to enhance its U.S. renewable fuels futures markets. This move aims to assist refiners and importers in managing their renewable fuel obligations set by the EPA's Renewable Fuel Standard (RFS). Each contract represents 50,000 gallons, providing a mechanism for companies to hedge against RVO exposure. The RINs futures market has seen record levels of trading, with participation doubling since 2020, signaling growth in this sector.

Intercontinental Exchange (NYSE: ICE) announced the delivery of 2,588 contracts for its Midland WTI American Gulf Coast futures on March 23, marking a substantial increase from 1,400 contracts in March. Since launching on January 24, over 31,000 contracts have been traded, with record volumes seen on March 10. Open interest has risen to 4,508 contracts. ICE has also extended the Exchange for Physical transaction deadline to one day post-expiry, enhancing trading flexibility. This contract is deliverable at key terminals, and liquidity will be improved through a no-charge transfer for the first year.