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.
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Intercontinental Exchange (NYSE:ICE) reported strong trading performance for August 2022, noting a 6% year-over-year increase in total average daily volume (ADV) and a 4% rise in total open interest (OI). Key highlights include total financial ADV up 56% and interest rate ADV up 62%. Additionally, North American natural gas OI grew by 15%, with the NA Basis Market demonstrating a 26% increase in ADV. Cocoa and cotton also saw growth, with ADV up by 7% and 16%, respectively.
Intercontinental Exchange (NYSE:ICE) announced that its ICE Benchmark Administration (IBA) is consulting on ceasing the publication of all USD LIBOR ICE Swap Rate settings. This decision follows the FCA's March 2021 announcement regarding the cessation of USD LIBOR due to insufficient data availability after June 30, 2023. The consultation period is open until October 7, 2022 at 5:00 PM London time. Meanwhile, IBA has been publishing USD SOFR ICE Swap Rate settings as an alternative benchmark since November 2021.
Intercontinental Exchange (NYSE: ICE) announced that CTBC Investments has selected the ICE FactSet Selected Financials and Data Industry Index for its new CTBC Selected Financials and Data Industry ETF, set to launch on August 26, 2022. The index tracks key players in the financial sector, including exchanges and asset managers, and serves as a benchmark for approximately $1.5 trillion in assets globally. This ETF marks CTBC's second launch this year using an ICE index and reflects a broader collaboration aimed at developing ESG financial products in Taiwan.
Intercontinental Exchange (NYSE: ICE) announced plans to launch options on UK Carbon Emission Allowances (UKA Options) on October 10, 2022, pending regulatory approval. This initiative follows the successful launch of the UK carbon market and aims to provide tools for managing carbon emissions price risk. ICE also reports the trading of approximately 775 million tonnes of carbon dioxide equivalent under the UKA contract since its launch in May 2021, with current open interest at around 47 million tonnes.
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Intercontinental Exchange (NYSE:ICE) has launched 10 new Nature-Based Solutions Carbon Credit futures contracts, enabling market participants to trade carbon credits from 2016 to 2030. The contracts allow for single-vintage trading with added liquidity and a forward curve until 2030. Initial trading saw 45 lots exchanged, involving notable companies like Chevron and Mercuria. ICE aims to establish a deep financial market for carbon credits, facilitating emission reductions and supporting sustainability efforts.
Truv integrates its income and employment verification services with ICE Mortgage Technology via the Encompass Partner Connect API. This partnership allows financial institutions to access real-time verification for over 120 million U.S. employees, significantly enhancing the mortgage process's efficiency. The solution reduces verification time and costs, aiding lenders in making quicker and more confident decisions.
Truv's capabilities cover over 90% of the U.S. workforce, promising improved customer experiences through faster loan approvals and streamlined processes.
Intercontinental Exchange (NYSE:ICE) announced plans to host carbon credit auctions for GreenTrees, a leader in reforestation, in Q4 2022. Each auction will offer 250,000 Emission Reduction Tons (ERTs), certified by the American Carbon Registry, equivalent to one metric ton of CO2 removal. GreenTrees enables participation from landowners of varying sizes, promoting broad engagement in climate action. This initiative aims to enhance price discovery and transparency in carbon markets as companies increasingly address emissions liabilities.
Intercontinental Exchange (NYSE: ICE) announced a $0.38 per share dividend for Q3 2022, marking a 15% increase from the $0.33 dividend paid in Q3 2021. The dividend is payable on September 30, 2022 to stockholders of record as of September 16, 2022, with an ex-dividend date of September 15, 2022.