Intercontinental Exchange Inc Stock Price, News & Analysis

Polly has expanded its partnership with ICE Mortgage Technology, integrating Polly's Loan Trading Exchange within Encompass, a leading loan origination software. This partnership aims to streamline workflows for lenders by automating manual processes, allowing for real-time bidding and access to multiple bids simultaneously. The integration is designed to enhance profitability and efficiency in the loan acquisition process, with future enhancements expected to further improve system connectivity. Polly continues to focus on new technologies to revolutionize the mortgage capital markets.

Intercontinental Exchange (NYSE: ICE) announced the integration of ICE Bonds with Investortools' Perform platform, enhancing fixed income portfolio management for institutional and private wealth managers. This collaboration grants Perform users access to ICE Bonds' trading protocols and deep liquidity pools for various bond types. ICE Bonds offers an efficient execution environment, supported by robust compliance and analytics from Perform. With over 450 liquidity providers, ICE TMC reports 99% fill rates on municipal bonds, highlighting the platform's effectiveness in trade processing.

ICE Mortgage Technology reported a continued increase in purchase activity among millennials, with 67% of closed loans in May 2021 being purchases, up from 61% in April. Younger millennials saw an 82% purchase share, while older millennials reached 60%. The average FICO score for millennial borrowers decreased to 732, down from 734 in April. Notably, older millennials closed more purchases than refinances for the first time since August 2020. Additionally, loan closure times improved, with an average of 46 days for all loans.

Intercontinental Exchange (NYSE: ICE) announced a record trading volume of 20,124 ICE Murban Crude Oil Futures on July 6, the highest since the contract's launch on March 29. Since inception, 503,567 contracts have traded, equating to 0.5 billion barrels of Murban crude oil. The August Murban futures contract expired with 6,923 contracts delivered, marking a 14% increase from the previous month. Open interest stands at 51,068 contracts, with an average daily volume of 6,886 contracts since launch, indicating strong market interest and liquidity.

Intercontinental Exchange (NYSE: ICE) has reported significant trading volume increases for June and Q2 2021. Key highlights include a 12% year-over-year rise in total average daily volume (ADV) and an 11% rise in total open interest (OI), with record OI of 85.8 million lots on June 10. Notable gains were seen in various sectors: Energy ADV increased by 7%, Interest Rates ADV surged by 34%, and Natural Gas ADV rose by 13%. This robust activity underscores ICE's role in providing liquid markets and efficient risk management for its clients.

Intercontinental Exchange (NYSE: ICE) reports record growth in its North American environmental complex, driven by increased participation in carbon markets. Average Daily Volume (ADV) has risen by 20% annually since 2017, with open interest surpassing 1.1 million contracts as of June 25. Daily trading includes 6.9 million tons of carbon dioxide in the CCA market. Additionally, ICE's REC futures contracts traded 463,228 as of June 29, equating to enough renewable energy to power approximately 2.7 million homes for a year. The company continues to lead in carbon cap and trade markets globally.

Truework, an automated income verification platform, has announced a partnership with Encompass® by ICE Mortgage Technology. This integration allows loan processing teams to verify any U.S. employee seamlessly within the Encompass® system. Truework's network covers over 35 million U.S. employees, making it the second-largest instant verification network. This partnership aims to streamline the verification process, saving time for loan processors and enhancing security by reducing the need for multiple logins. Truework's API-enabled integration simplifies access to verification services.

Intercontinental Exchange (NYSE:ICE) announced that ICE Trade Vault has received SEC approval to function as a registered security-based swap data repository (SDR) and securities information processor (SIC). This allows ICE Trade Vault to report single-name credit derivatives in the U.S., enhancing transparency in the security-based swap market.

Since its launch, ICE Trade Vault has accepted over 4.5 billion trades across various asset classes, supporting compliance with trade reporting regulations through services like ICE eConfirm.

Intercontinental Exchange (NYSE:ICE) reported record open interest of 35.2 million contracts in its global commodities futures markets as of June 24, 2021, marking a 10% year-over-year growth. The natural gas futures markets achieved a high of 19.1 million contracts, with open interest in North American natural gas up 11% y/y. The company also noted significant growth in the TTF and JKM LNG futures, along with an 8% increase in the global environmental complex. All these figures underscore ICE's strong market position and ability to manage climate risk.