Intercontinental Exchange Inc Stock Price, News & Analysis

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.

Intercontinental Exchange announced that ServisFirst Bancshares has completed its transfer to the NYSE and will begin trading as an NYSE-listed company. With this move, ServisFirst gains access to NYSE's unique market model, technology, and a network of business leaders, enhancing its visibility and investor relations capabilities. This transition reflects a growing trend, as nearly 300 companies have switched to the NYSE since 2000, amassing over $1 trillion in market value. ServisFirst aims to leverage these advantages to continue providing long-term value for its customers and shareholders.

Magellan Midstream Partners, Enterprise Products Partners, and Intercontinental Exchange announced a new futures contract for crude oil delivery in Houston. The Midland WTI American Gulf Coast contract (ICE: HOU) aims to enhance price transparency and market accessibility. Set for launch in early 2022, pending regulatory approval, it will utilize WTI crude from the Permian Basin with delivery options at key terminals. This initiative responds to market demand for a Houston-based index and marks a significant step in refining industry practices.

Intercontinental Exchange (NYSE:ICE) reported a record open interest of 85.8 million contracts as of June 10, 2021, highlighting strong market liquidity. Key drivers include:

• ICE Low Sulphur Gasoil: 22% y/y increase in open interest.
• TTF natural gas futures: 21% y/y growth, reaching 1.96 million contracts.
• Interest Rate futures: 32% y/y increase, with Sterling futures rising 54% y/y.
• Environmental complex: 16% y/y growth, with EUA futures up 22% y/y.
• Coffee and Cotton futures: 6% and 16% y/y increases, respectively.

Intercontinental Exchange (NYSE:ICE) reported record activity in TTF natural gas and JKM LNG benchmarks, indicating strong market performance. TTF futures reached an open interest of 1.94 million contracts, up 21% year-over-year. Average Daily Volume for TTF has grown significantly, with a year-to-date increase of 5%. JKM LNG futures also showed growth, with an open interest of 108,210 contracts and a 14% rise in ADV. The rising participation from global traders, especially in Asia, highlights TTF and JKM LNG as vital gas price benchmarks.