Intercontinental Exchange Inc Stock Price, News & Analysis

Intercontinental Exchange (NYSE:ICE) has launched Long European Union (EU) Bond Index futures, with the first trades already executed. The cash-settled futures contract references the ICE 8-13 Year European Union Index (G0EU8T13), tracking long-term EU debt performance.

The Index, produced by ICE Data Indices, includes securities with remaining maturity between 8 and 13 years. This innovative product aims to provide efficient exposure management to EU sovereign bonds and is designed to attract a larger pool of liquidity through its equity-style, index-based, cash-settled structure.

The contract trades alongside ICE's European interest rate markets, including Euribor, €STR, SONIA, and SARON benchmarks. ICE's interest rate derivatives complex has seen over 20% year-over-year growth in open interest.

ICE's December 2024 Mortgage Monitor Report reveals a significant surge in mortgage refinancing activity during September and October, with over 300,000 closings - the highest in 2.5 years. This surge occurred when 30-year conforming mortgage rates dropped to the low 6% range. Notable findings include:

- Nearly 150,000 were rate/term refinances, exceeding cash-out refis for the first time in 3 years
- Average borrowers reduced their first lien rate by over a point and monthly payments by $320
- VA loans represented 30% of rate/term activity
- Over 35% of VA and 10% of all rate/term refinances in 2024 had loan-to-value ratios exceeding 100%

Intercontinental Exchange (NYSE:ICE) has expanded its global energy portfolio by launching Japanese Power Futures. The offering includes four Financial Baseload and Peakload Futures covering Tokyo and Kansai areas, enabling market participants to manage exposure to the Japanese Electric Power Exchange (JEPX) day-ahead auction prices.

The futures will be available in monthly, quarterly, seasonal, Calendar, and Fiscal Year contracts. Traders can also access spreads between Tokyo and Kansai regions. This addition complements ICE's existing energy markets, which include benchmark products like JKM LNG, TTF, Henry Hub, and Newcastle Coal Futures. ICE reports a 20% year-over-year increase in open interest across its energy markets.

Intercontinental Exchange (NYSE:ICE) reported significant growth in November 2024 trading volumes across multiple segments. Total average daily volume (ADV) increased 26% year-over-year, with open interest (OI) up 16%, reaching a record futures OI of 51.6M lots.

Notable performance includes: Energy ADV up 18% with OI up 19%; Total Oil ADV up 11% with OI up 19%; Natural Gas ADV up 27% with OI up 19%; and Total Financials ADV up 43% with OI up 19%. Record performances were seen in TTF Gas ADV (up 51%) and Environmentals ADV, while NYSE activities showed strong growth with Cash Equities ADV up 24% and Equity Options ADV up 30% year-over-year.

Intercontinental Exchange (NYSE:ICE) announced that Chair and CEO Jeffrey C. Sprecher will present at the Goldman Sachs Financial Services Conference on Tuesday, December 10 at 1:00 p.m. ET. The presentation will be accessible via live webcast and replay through ICE's investor relations website at http://ir.theice.com. ICE is a leading global provider of technology and data services.

Worldscale Association has selected ICE's European Carbon Allowance (EUA) futures settlement price as the benchmark carbon price for calculating tanker freight rates in 2025. This decision comes as the maritime sector must now account for carbon emissions under the EU Emissions Trading System. Worldscale will use the average daily settlement price from October 1, 2023, to September 30, 2024, of ICE's EUA futures December 2024 contract for its 2025 tanker freight calculations. ICE's EUA futures and options market is currently the most liquid carbon market globally, with its environmental markets showing a 28% year-over-year increase in open interest.

ICE's October 2024 mortgage performance data shows the national delinquency rate at 3.45%, up 6% year-over-year, marking five consecutive months of increases. Serious delinquencies (90+ days) rose 7.3% from last year, reaching a 17-month high. While foreclosure starts (+12.2%) and completions (+10.1%) increased monthly, they remain below pre-pandemic levels. The total number of properties 30+ days past due or in foreclosure reached 2,058,000. Prepayment activity surged to levels not seen since May 2022, nearly doubling year-over-year. Louisiana leads states with the highest non-current percentage at 8.15%, while Washington has the lowest at 2.03%.

NYSHEX announces the first closing of its Series C funding round, led by Collate Capital, with participation from existing investors including Goldman Sachs Alternatives, NewRoad Capital, and Blumberg Capital. Intercontinental Exchange (NYSE:ICE) joins as a strategic investor and collaborator. The partnership aims to launch new freight rate indices in 2025, with ICE serving as the calculation agent. NYSHEX will develop indices based on actual cargo moving rates, governed by industry representatives, and freely available for carriers, shippers, and NVOCCs. The collaboration includes technology development to facilitate index-linked contract administration.

NYSE Group, part of Intercontinental Exchange (NYSE: ICE), has announced its holiday and early closing calendar for 2025, 2026, and 2027. The schedule applies to all NYSE cash equity markets, including NYSE American Equities, NYSE Arca Equities, NYSE Chicago, NYSE National, as well as NYSE American Options, NYSE Arca Options, and NYSE Bonds markets. The calendar includes standard market closures for major holidays and early closing times (1:00 PM ET) for specific dates before holidays. Special trading arrangements include Crossing Session orders from 1:00 PM to 1:30 PM on early closing days.