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.
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.
Intercontinental Exchange (NYSE:ICE) announced that CFO Warren Gardiner will present at the J.P. Morgan Ultimate Services Investor Conference on Thursday, November 14 at 10:10 a.m. ET. The presentation will be accessible via live webcast and replay through ICE's investor relations website section at http://ir.theice.com.
Intercontinental Exchange (NYSE:ICE) achieved its highest trading volume in history during October 2024, with 209 million contracts traded across futures and options. The month set multiple records, including highest volumes in commodity trading (117 million contracts), energy trading (108 million contracts), and interest rate trading (85 million contracts). Notable achievements include record-breaking volumes in Brent crude oil (38.2 million contracts) and Euribor (50.5 million contracts), surpassing the previous record from March 2020.
Intercontinental Exchange (ICE) reported strong October 2024 trading statistics with significant year-over-year growth across multiple segments. Total average daily volume (ADV) increased 40% with open interest up 20%. The company achieved record performance in Energy trading, with ADV up 21% and notable gains across oil products, including record Brent options volume. Financial markets showed remarkable growth with ADV up 86%, highlighted by record interest rates trading volume up 102%. Notable performances included SONIA ADV increasing 172% and Euribor ADV rising 80%. NYSE operations also showed positive momentum with cash equities ADV up 3% and equity options ADV up 12%.
ICE's Q3 2024 Mortgage Monitor Report reveals record-high mortgage holder equity of $17.2T, with $11.2T being 'tappable'. Homeowners withdrew $48B in Q3, marking a two-year high, yet this represents only 0.42% of available equity - less than half the historical 0.92% extraction rate. HELOC rates, which topped 9.5% recently, are expected to decrease to the low 7% range by end of 2025 following Federal Reserve rate cuts. This could reduce monthly payments on a $50K equity withdrawal from $413 to below $300, potentially spurring increased home equity borrowing despite remaining above historical averages.
Intercontinental Exchange (NYSE: ICE) has declared a quarterly dividend of $0.45 per share for Q4 2024, representing a 7% increase from the $0.42 per share paid in Q4 2023. The dividend will be paid on December 31, 2024, to shareholders of record as of December 16, 2024, which is also the ex-dividend date.
Intercontinental Exchange (NYSE: ICE) reported strong Q3 2024 results with record net revenues of $2.3 billion, up 17% year-over-year. The company achieved GAAP diluted EPS of $1.14 (+19% y/y) and adjusted diluted EPS of $1.55 (+6% y/y). Operating income reached a record $1.1 billion (+31% y/y), with an operating margin of 47%. The quarter saw strong performance across segments, with Exchange net revenues at $1.3 billion, Fixed Income and Data Services at $586 million, and Mortgage Technology at $509 million. Operating cash flow through Q3 2024 was $3.1 billion, with adjusted free cash flow of $2.6 billion.
Intercontinental Exchange (ICE) and the New York Stock Exchange (NYSE) have launched the "My Vote" advertising campaign to promote democratic participation ahead of the U.S. election. The initiative aims to encourage citizens to exercise their voting rights, highlighting democracy's importance to financial markets and economic freedoms.
The campaign will be distributed across social media and broadcast channels, with social media deployment starting immediately and broadcast coverage beginning October 28, 2024.
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