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.
Intercontinental Exchange (NYSE: ICE) plans to launch its first mortgage futures contracts on June 13, 2022, pending regulatory approval. The cash-settled contracts will be based on the ICE U.S. Conforming 30-year Fixed Mortgage Rate Lock Index and the ICE U.S. Jumbo 30-year Fixed Mortgage Rate Lock Index. These contracts aim to provide investors a refined hedge against U.S. residential mortgage rates, utilizing data from the extensive network of ICE Mortgage Technology. The launch follows ICE's acquisition of Ellie Mae in August 2020.
ICE Mortgage Technology, part of Intercontinental Exchange (NYSE: ICE), concluded its annual ICE Experience conference in Las Vegas with 2,500 attendees. The conference emphasized collaboration and innovation in the mortgage industry, featuring key speakers such as Jeffrey Sprecher and Abby Wambach. Following the in-person event, a virtual component will be available from April 18-30, 2022, offering on-demand sessions to thousands of mortgage professionals. The next ICE Experience is scheduled for February 27-March 1, 2023.
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Intercontinental Exchange (NYSE:ICE) launched two Renewable Volume Obligation futures contracts to enhance its U.S. renewable fuels futures markets. This move aims to assist refiners and importers in managing their renewable fuel obligations set by the EPA's Renewable Fuel Standard (RFS). Each contract represents 50,000 gallons, providing a mechanism for companies to hedge against RVO exposure. The RINs futures market has seen record levels of trading, with participation doubling since 2020, signaling growth in this sector.
Intercontinental Exchange (NYSE: ICE) announced the delivery of 2,588 contracts for its Midland WTI American Gulf Coast futures on March 23, marking a substantial increase from 1,400 contracts in March. Since launching on January 24, over 31,000 contracts have been traded, with record volumes seen on March 10. Open interest has risen to 4,508 contracts. ICE has also extended the Exchange for Physical transaction deadline to one day post-expiry, enhancing trading flexibility. This contract is deliverable at key terminals, and liquidity will be improved through a no-charge transfer for the first year.
Intercontinental Exchange (NYSE: ICE) announced that China International Capital Corporation Hong Kong Asset Management Limited has selected the ICE EUA Carbon Futures Index for its CICC Carbon Futures ETF. The index tracks a long-only basket of ICE EUA Futures Contracts, representing 1,000 Carbon Emission Allowances each. This ETF, the first of its kind in Hong Kong, aims to provide efficient exposure to environmental markets. In 2021, ICE reported 18 billion tons of carbon allowances traded, equating to approximately $1 trillion in notional value.
Intercontinental Exchange (NYSE:ICE) has launched two new thematic equity index futures contracts: the ICE Biotechnology Gross Total Return (GTR) Index and the ICE Semiconductor GTR Index futures. Both contracts are cash-settled; the Biotechnology contract has a notional value of $100 per index point, while the Semiconductor contract is valued at $50. These contracts aim to provide investors tools to manage exposure to key market trends in biotechnology and semiconductors, reflecting significant developments in public health and supply chain dynamics. The indices are rules-based and track major U.S.-listed companies in their respective sectors.
Intercontinental Exchange (NYSE: ICE) has launched a global brand campaign titled “Make the Connection”, aimed at unifying its diverse businesses under one coherent theme. This campaign features influencers from various industries, showcasing ICE's commitment to enhancing market transparency and connectivity since its inception in 2000. The updated branding, particularly for the New York Stock Exchange, emphasizes ICE's role in leveraging technology to provide operational efficiencies and support customer needs. The campaign begins airing across multiple platforms today.
Intercontinental Exchange (ICE) announced its 2022 Annual Meeting of Stockholders will be held virtually on May 13, 2022, at 8:30 a.m. ET. Stockholders of record as of March 15, 2022, can participate and vote. They may also submit questions in advance starting April 29, 2022. The definitive proxy statement will be filed with the SEC and available on ICE’s website in late March. A live audio webcast will be accessible on the investor relations site. This meeting aims to enhance shareholder engagement and transparency.
Intercontinental Exchange (NYSE: ICE) has enhanced its municipal bond trading capabilities through expanded connectivity with Investortools. This integration allows users access to ICE's fixed income pricing and seamless execution protocols on the Perform platform. With over 600 market participants trading distinct securities, this move aims to improve investor efficiency in the $4 trillion municipal bond market.
ICE's focus on digitization and quality data is poised to transform investment management in this sector, ensuring clients have the tools needed for informed trading decisions.