Intercontinental Exchange Inc Stock Price, News & Analysis

Intercontinental Exchange (NYSE:ICE) has launched Options and Mid-Curve Options based on Three Month SONIA Index Futures. Since the launch of one month SONIA futures in December 2017 and three month SONIA futures in June 2018, cumulative volume has reached over £13 trillion in notional value. Open interest in three month SONIA futures has hit a record high of 112,723 contracts. This growth reflects increasing market participation as firms transition from LIBOR and manage interest rate risks in the UK.

Intercontinental Exchange (NYSE: ICE) announces that ICE Benchmark Administration (IBA) has published a consultation regarding its intention to cease LIBOR settings. This follows discussions with panel banks and the FCA. The consultation is open until January 25, 2021, with results to be shared with the FCA. IBA anticipates a representative panel for USD LIBOR settings until June 30, 2023, but the consultation does not confirm continuation beyond specified dates. ICE Benchmark Administration is authorized by the FCA and complies with EU benchmarks regulation.

Intercontinental Exchange (NYSE: ICE) announced that its ICE Data Services was awarded as the best pricing and valuations data provider in the A-Team Group's 2020 Data Management Insight Awards. The recognition highlights ICE's performance in market data services, catering to fixed income, equity, and derivatives markets with independent pricing on around 3 million securities. ICE's evaluated pricing supports over $1 trillion in managed assets globally and includes a recently launched ESG reference data service to aid customers in identifying risks and opportunities.

Intercontinental Exchange (NYSE: ICE) announces that ICE Benchmark Administration Limited (IBA) plans to cease publication of certain USD LIBOR settings. The one week and two month USD LIBOR settings will stop after December 31, 2021, followed by the remaining USD LIBOR settings on June 30, 2023. This decision follows the UK Financial Conduct Authority's (FCA) guidance urging a transition away from LIBOR. The consultation for feedback on these changes is expected to close by January 2021.

Intercontinental Exchange (NYSE: ICE) announced that Chairman & CEO Jeffrey Sprecher will present at the 2020 Goldman Sachs U.S. Financial Services Conference on December 9 at 10:40 AM ET. The presentation will be available live and in replay via webcast on ICE’s investor relations website.

ICE is a leading operator of global exchanges and clearing houses, providing marketplace infrastructure, data services, and technology solutions to various sectors including financial institutions and corporations.

Intercontinental Exchange (ICE) announced the successful results of the ICE Endex gas storage auction held on November 25, 2020, offering 1,696,084 Standard Bundled Units (SBUs) for the 2021/2022 contract period. All SBUs were allocated at an average weighted price of 3.35 EUR. ICE Endex has conducted these gas storage auctions since 2011, with volumes for TTF Futures and Options increasing significantly, reflecting the evolving global benchmark for natural gas. The gas storage capacity totals nearly 5 billion kWh.