Welcome to our dedicated page for Intercontinental Exchange news (Ticker: ICE), a resource for investors and traders seeking the latest updates and insights on Intercontinental Exchange stock.
Intercontinental Exchange Inc. (symbol: ICE) is a distinguished leader in operating global financial exchanges and providing valuable data services. Best known for its ownership of the New York Stock Exchange since 2013, ICE also operates a significant derivatives exchange. The firm's primary commodity futures product is the ICE Brent crude futures contract.
ICE's business structure is vertically integrated, ensuring a comprehensive suite of services. The company's net revenue is distributed across three main segments: exchanges business (56%), mortgage technology (15%), and fixed-income and data services (29%). This diversified revenue stream highlights ICE's robust market presence and adaptability.
ICE has expanded its offerings through strategic acquisitions, forming a solid basis for its mortgage technology and data services. This includes providing real-time market data, fixed income evaluations, trading infrastructure, and analytics. These services support financial institutions, active traders, and software providers in essential functions like portfolio valuation, regulatory compliance, risk management, electronic trading, and wealth management.
Recent achievements include advancements in mortgage technology solutions, enhancing the efficiency and transparency of the mortgage loan process. ICE continues to innovate in the financial data services sector, offering cutting-edge solutions that meet the evolving needs of the global financial community.
With a strong financial foundation, ICE is well-positioned to continue its growth trajectory. The company’s focus on technology and data-driven services positions it at the forefront of financial market innovation, making it a valuable asset for investors seeking comprehensive market insights and reliable trading platforms.
Intercontinental Exchange (NYSE:ICE) has announced the acquisition of the American Financial Exchange (AFX) from 7RIDGE, securing 100% ownership. AFX is an electronic exchange platform for direct lending and borrowing among American banks and financial institutions, operating the credit-sensitive ´¡²Ñ·¡¸é±õµþ°¿¸é® rate.
The acquisition aligns with ICE's existing mortgage technology network and global index business. AFX serves over 1,000 American banks and financial institutions, focusing on regional, midsize, community, and minority-owned banks. The AMERIBOR rate is determined daily based on unsecured interbank loans executed on the AFX platform.
ICE currently manages approximately $670 billion in AUM across passively managed products and about $2 trillion in AUM across combined active and passive strategies as of September 2024. The acquisition is not expected to materially impact ICE's 2025 financial results or affect its deleveraging or capital return plans.
Intercontinental Exchange (ICE) reported outstanding performance in December 2024, fourth quarter, and full year 2024, achieving multiple records across its trading platforms. The company saw record Futures & Options average daily volume (ADV) in Q4 2024, up 22% year-over-year, and record ADV in 2024, up 24% year-over-year.
Notable achievements include total open interest up 11% y/y, with particularly strong performance in Energy markets where OI increased 14% y/y. The WTI futures reached record OI of 883k lots, while TTF Gas hit record futures OI of 2.2M lots. In financial markets, SONIA achieved record futures OI of 2.9M lots, with ADV up 61% in 2024.
The company demonstrated robust growth across multiple sectors, including commodities, energy, and interest rates, with significant increases in trading volumes and open interest across most products.
The New York Stock Exchange (NYSE) announced the closure of all NYSE Group equity and options markets on Thursday, January 9, 2025, observing the National Day of Mourning for former President Jimmy Carter. The closure affects multiple markets including NYSE American Equities, NYSE American Options, NYSE Arca Equities, NYSE Arca Options, NYSE Chicago, and NYSE National. Carter, who passed away on December 29, 2024, at age 100, served as the 39th President from 1977 to 1981. The NYSE will fly the U.S. flag at half-staff throughout the mourning period to honor Carter's legacy of public service.
ICE's November 2024 mortgage performance data shows concerning trends in the U.S. housing market. The national delinquency rate increased to 3.74%, marking the highest level in nearly three years and six consecutive months of year-over-year increases. The total number of properties 30+ days past due but not in foreclosure reached 2,027,000, up by 159,000 month-over-month.
Seriously delinquent loans (90+ days past due) increased to 512,000 properties. Despite rising delinquencies, foreclosure activity remained subdued, with starts and completions dropping in November and staying below pre-pandemic levels. Prepayment activity fell 25.0% month-over-month due to higher interest rates.
Louisiana leads states with the highest non-current percentage at 8.60%, while Washington has the lowest at 2.16%. Florida showed the largest 12-month increase in non-current loans at 28.13%.
The New York Stock Exchange (NYSE) has announced new content offerings, including a daily pre-market update and additional content from the NYSE Trading Floor. The initiative features Kristen Scholer, Senior Markets Anchor, delivering daily pre-market updates with key insights before the Opening Bell.
The NYSE has also released its end-of-year video highlighting defining market moments of 2024. The exchange is providing enhanced content resources including B-Roll footage of the Trading Floor and market milestones, photo highlights of NYSE-listed companies, and original content series such as Floor Talk, Inside the ICE House Podcast, and Taking Stock featuring interviews with industry leaders and entrepreneurs.
The New York Stock Exchange (NYSE) has announced new daily pre-market updates and content initiatives from its Trading Floor. The offerings include:
- Daily pre-market updates by Senior Markets Anchor Kristen Scholer, providing trading day insights before the Opening Bell
- Release of the NYSE end-of-year recap video highlighting key market moments of 2024
- Expanded content offerings including B-Roll footage of the Trading Floor and market milestones
- Original content series featuring 'Floor Talk' interviews, 'Inside the ICE House Podcast' with industry leaders, and 'Taking Stock' segments with entrepreneurs
The New York Stock Exchange (NYSE) announces a new daily pre-market update service and expanded content offerings from its Trading Floor. The initiative features Kristen Scholer, Senior Markets Anchor, delivering key insights before the Opening Bell. The expanded content package includes:
- NYSE Photo Highlights featuring listed companies and Trading Floor moments
- B-Roll Footage of Trading Floor and market events
- Original content series including Floor Talk interviews, Inside the ICE House Podcast, and Taking Stock features
Intercontinental Exchange (ICE) has launched MSCI® MarketAxess Tradable Corporate Bond Index futures, expanding its suite of financial products. The new futures contracts are based on newly created corporate bond indices by MSCI and MarketAxess, offering four variants across USD and EUR markets in both Investment Grade and High Yield categories.
These indices utilize MarketAxess' Relative Liquidity Scores to identify liquid fixed income securities from MSCI's broader Corporate Bond Indices. The launch aims to provide institutional investors with better tools for managing corporate bond portfolios and integrating hedging strategies. ICE currently dominates global MSCI futures trading, accounting for over 70% of volume in equity markets. In 2024, ICE's MSCI complex has averaged daily volumes of 190,000 contracts, representing approximately $13.6 billion in notional value.
Intercontinental Exchange (NYSE:ICE) announced record-breaking performance for its ICE Midland WTI (HOU) crude futures, with open interest reaching 160,600 contracts on November 20, 2024, marking a 130% year-over-year increase. The exchange delivered a record 20 million barrels of Midland WTI crude in November through exchange settlement and EFPs.
Notable developments include Continental Resources switching part of its Permian production pricing to HOU, and Platts planning to launch a daily price assessment of Midland WTI crude as a differential to HOU from January 22, 2025. The HOU futures are physically deliverable at ONEOK Magellan East Houston and Enterprise Crude Houston terminals, offering up to 98% margin offsets with other oil positions.
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.