Intercontinental Exchange Inc Stock Price, News & Analysis

Intercontinental Exchange (ICE), a global leader in data, technology, and market infrastructure, will have Chairman and CEO Jeffrey C. Sprecher present at the Goldman Sachs U.S. Financial Services Conference. The presentation is scheduled for Tuesday, December 7 at 2:20 pm ET. It will be available live and on-demand via webcast, accessible through the investor relations section of ICE's website at ir.theice.com.

ICE operates the New York Stock Exchange and provides vital financial technology and data services.

Intercontinental Exchange (ICE) plans to launch a new futures contract based on the ICE Global Carbon Futures Index in early 2022, pending regulatory approval. This contract aims to provide a global price for carbon and allows market participants to hedge against emissions costs. Updates to the index methodology will add UK Allowance futures in January 2022, enhancing its representation of global carbon markets. The Global Carbon Futures Index, launched in April 2020, serves as a benchmark for carbon allowance prices.

Intercontinental Exchange (NYSE:ICE) announced a significant milestone with over one million futures contracts traded on ICE Futures Abu Dhabi (IFAD) since its launch on March 29, 2021. This volume equates to one billion barrels of Murban crude oil, with 1,032,805 Murban Crude Oil futures and 18,059 cash-settled derivatives traded. The exchange's successful operation has enhanced price discovery in Asia, with increasing open interest and liquidity, marking a pivotal moment in establishing the UAE as a key energy trading hub.

Intercontinental Exchange (NYSE:ICE) announced a major update to its margin methodology, transitioning from ICE Risk Model (IRM 1.0) to IRM 2.0, based on a Value-at-Risk (VaR) approach. This new model captures portfolio behavior, enhancing capital efficiencies for clearing members. The launch is set for January 24, 2022, focusing initially on equity index futures at ICE Clear U.S. Other product groups will follow, contingent on regulatory approval. The current CDS margin methodology will remain unchanged.

Intercontinental Exchange (NYSE: ICE) has announced that Home BancShares (NYSE: HOMB) has officially transferred its listing and will begin trading on the NYSE today. This transfer allows Home BancShares, the parent company of Centennial Bank, to utilize the benefits of NYSE membership, including enhanced market visibility and access to a vast network of business leaders. Home BancShares aims to create long-term value for its customers and shareholders by joining one of the world's leading exchanges.

Intercontinental Exchange (ICE) announced an update on LIBOR cessation and the introduction of 'synthetic' LIBOR. Following the UK Financial Conduct Authority's directives, key LIBOR settings will be discontinued after specific deadlines, with synthetic versions published under a new methodology throughout 2022. The FCA mandated that six LIBOR settings will no longer reflect the underlying market conditions, impacting regulated financial contracts. The 1-, 3-, and 6-Month U.S. dollar LIBOR will continue until June 30, 2023. The update aims to ensure compliance with the UK Benchmarks Regulation.

Intercontinental Exchange (NYSE: ICE) plans to launch carbon credit auctions for Permian Global, focusing on verified emission reduction certificates (VERs) from tropical forest protection projects. Set to begin in 2022, this initiative aims to enhance the transparency and credibility of carbon credits, aiding climate change efforts. ICE will form a Carbon Oversight Committee for oversight in the voluntary carbon markets, supporting governance and integrity in the auction process. Over 14 gigatons of carbon trades on ICE annually, representing approximately 40% of global annual emissions.

Intercontinental Exchange (NYSE: ICE) released its sixth annual Corporate Responsibility Report highlighting its environmental, social, and governance (ESG) initiatives for 2020. This year marks the introduction of a formal materiality analysis, developed with external consultation and employee feedback, to identify substantive ESG risks and opportunities. Key highlights include the publication of greenhouse gas emissions, new diversity disclosures, and the expansion of ESG reference data. ICE’s transparency and commitment to sustainability reflect its role in managing risks across various financial markets.