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) reported strong trading performance for November 2021, with total average daily volume (ADV) increasing by 11% year-over-year (y/y) and total open interest (OI) rising by 6% y/y. Key highlights include a 15% y/y increase in Energy ADV, driven by a 20% rise in Oil ADV and a record 39% increase in Environmental ADV. In the Interest Rate sector, ADV surged by 13% y/y, with Euribor ADV up 51% y/y. These figures showcase ICE's resilience and growth in diverse market segments.
Intercontinental Exchange (NYSE: ICE) has announced that Irish Life Investment Managers (ILIM) will use its ICE ESG Fixed Income index for the Irish Life Euro Sustainable Corporate Bond Fund. The ICE ILIM Sustainable Euro Corporate Bond Index excludes companies involved in controversial sectors and emphasizes ESG criteria. This index, created for ILIM, aims to provide broader exposure to sustainable investment options. The fund has already attracted over $3 billion in assets, showcasing increasing interest in sustainable fixed income investments.
Intercontinental Exchange (ICE) has announced changes to its ICE Permian WTI Crude Oil futures contract, transforming it into the Midland WTI American Gulf Coast (AGC) futures contract. The update adds the Enterprise Crude Houston (ECHO) terminal as a delivery point, enhancing supply capacity to over 4 million barrels per day. This contract will facilitate better export access through 14 docks in Houston and will ultimately provide around 150 million barrels of total crude storage capacity. The changes, pending regulatory approval, will take effect in early 2022.
Intercontinental Exchange (ICE), a global leader in data, technology, and market infrastructure, will have Chairman and CEO Jeffrey C. Sprecher present at the Goldman Sachs U.S. Financial Services Conference. The presentation is scheduled for Tuesday, December 7 at 2:20 pm ET. It will be available live and on-demand via webcast, accessible through the investor relations section of ICE's website at ir.theice.com.
ICE operates the New York Stock Exchange and provides vital financial technology and data services.
Intercontinental Exchange (ICE) plans to launch a new futures contract based on the ICE Global Carbon Futures Index in early 2022, pending regulatory approval. This contract aims to provide a global price for carbon and allows market participants to hedge against emissions costs. Updates to the index methodology will add UK Allowance futures in January 2022, enhancing its representation of global carbon markets. The Global Carbon Futures Index, launched in April 2020, serves as a benchmark for carbon allowance prices.
Intercontinental Exchange (NYSE:ICE) announced a significant milestone with over one million futures contracts traded on ICE Futures Abu Dhabi (IFAD) since its launch on March 29, 2021. This volume equates to one billion barrels of Murban crude oil, with 1,032,805 Murban Crude Oil futures and 18,059 cash-settled derivatives traded. The exchange's successful operation has enhanced price discovery in Asia, with increasing open interest and liquidity, marking a pivotal moment in establishing the UAE as a key energy trading hub.
Intercontinental Exchange (NYSE:ICE) announced a major update to its margin methodology, transitioning from ICE Risk Model (IRM 1.0) to IRM 2.0, based on a Value-at-Risk (VaR) approach. This new model captures portfolio behavior, enhancing capital efficiencies for clearing members. The launch is set for January 24, 2022, focusing initially on equity index futures at ICE Clear U.S. Other product groups will follow, contingent on regulatory approval. The current CDS margin methodology will remain unchanged.
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Intercontinental Exchange (NYSE: ICE) has announced that Home BancShares (NYSE: HOMB) has officially transferred its listing and will begin trading on the NYSE today. This transfer allows Home BancShares, the parent company of Centennial Bank, to utilize the benefits of NYSE membership, including enhanced market visibility and access to a vast network of business leaders. Home BancShares aims to create long-term value for its customers and shareholders by joining one of the world's leading exchanges.
Intercontinental Exchange (ICE) announced an update on LIBOR cessation and the introduction of 'synthetic' LIBOR. Following the UK Financial Conduct Authority's directives, key LIBOR settings will be discontinued after specific deadlines, with synthetic versions published under a new methodology throughout 2022. The FCA mandated that six LIBOR settings will no longer reflect the underlying market conditions, impacting regulated financial contracts. The 1-, 3-, and 6-Month U.S. dollar LIBOR will continue until June 30, 2023. The update aims to ensure compliance with the UK Benchmarks Regulation.