Intercontinental Exchange, Inc. reports developments across financial market technology, exchange operations, clearing, data services and U.S. mortgage technology. The company operates futures, equity and options exchanges, including the New York Stock Exchange, clearing houses, energy and environmental markets, fixed income data and execution capabilities, and ICE Mortgage Technology workflows for housing finance.
Recurring news covers quarterly operating results, trading volume and open interest statistics, dividends and share repurchases, mortgage performance and home-price reports, index and market-data products, and data collaborations such as sustainable bond classification. Company updates also reflect how ICE packages market data, analytics and workflow tools for capital markets, fixed income, housing finance and exchange-listed markets.
The New York Stock Exchange (NYSE) and Johannesburg Stock Exchange (JSE) have signed a memorandum of understanding to facilitate dual listings of companies on both exchanges. This collaboration aims to explore the development of new products in areas such as ESG, ETFs, and digital assets. The agreement, finalized during a South African delegation's visit to the NYSE, highlights the importance of enhancing economic ties between the U.S. and South Africa, where approximately 600 U.S. companies currently operate. NYSE President Lynn Martin expressed optimism about increasing investment opportunities through this partnership.
Intercontinental Exchange (NYSE: ICE) is expanding its wireless offerings in Europe, specifically targeting Bergamo and London. The new networks will enhance connectivity for market participants, offering lower latency solutions between key trading venues. Following Euronext's migration to Bergamo, ICE aims to connect markets in London and Frankfurt, enhancing local and cross-border access. This expansion reflects ICE's commitment to improving service performance for customers.
Intercontinental Exchange (NYSE:ICE) reported notable trading volumes for September 2022, showing a 6% year-over-year increase in total average daily volume. Key highlights include a 12% rise in North American natural gas open interest and a 14% increase in Ags & Metals average daily volume. Financials showed a significant 36% rise in average daily volume, with 45% growth in interest rate volumes. The third quarter also reflected a 5% year-over-year increase in total ADV, highlighting the strength of ICE's diverse futures markets amidst current global economic conditions.
Intercontinental Exchange (NYSE: ICE) has appointed Caterina Caramaschi as the new Vice President, Financial Derivatives, overseeing global interest rates and equity derivatives futures and options. With 21 years of experience, Caramaschi will manage significant products, including Euribor and UK Gilt futures. Open interest in Euribor has surged 85% year-over-year, with average daily volume up 83% to 1.47 million contracts, highlighting strong customer interest in interest rate management. ICE's equity derivatives complex also shows positive growth, with advancements in MSCI and FTSE index trading.
Intercontinental Exchange (ICE) announced that the U.K. Financial Conduct Authority (FCA) requires ICE Benchmark Administration to continue publishing 1- and 6-Month synthetic sterling LIBOR settings until March 31, 2023. Following consultations, the FCA will not compel publication beyond this date. It also noted potential continuation for 3-Month synthetic sterling LIBOR, pending feedback. Other LIBOR settings ceased by December 31, 2021. Publication of U.S. dollar LIBOR settings will continue until June 2023, after which panel banks will stop contributing.
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The New York Stock Exchange (NYSE) and Tokyo Stock Exchange (TSE) have signed an agreement to enhance cross-border investment between the U.S. and Japan. This collaboration, established during Japanese Prime Minister Kishida's visit to the NYSE, focuses on product development, marketing, and information sharing. Both exchanges aim to strengthen their long-standing relationship and adapt to evolving market conditions, including advancements in digitalization and sustainability.
Intercontinental Exchange (NYSE:ICE) will co-host the Climate & Capital Conference on September 21, 2022, in New York City, coinciding with Climate Week. The event aims to unite industry leaders to discuss aligning capital with climate commitments and managing climate-related risks. Key speakers include Rostin Behnam from the Commodity Futures Trading Commission and Elizabeth King from ICE. The conference will explore climate-driven investment strategies and the importance of private sector capital in the energy transition.
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