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ICE Announces That a Record 27,876 MICRO NYSE FANG+™ Index Futures Traded on January 4
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Rhea-AI Summary
Intercontinental Exchange (NYSE:ICE) reported a record 27,876 Micro NYSE FANG+™ Index futures contracts traded on January 4, 2022. In 2021, the technology sector thrived, leading to increased investor interest in FAANG stocks, recently including Microsoft. The MICRO NYSE FANG+™ futures, reduction in notional value to $35,000 in September 2020, enhanced market participation in 2021. The NYSE FANG+™ Index has shown strong performance, averaging a 31.93% gross total return from September 2014 to December 2021. For details on futures, visit theice.com/fangplus.
Positive
Record trading of 27,876 Micro NYSE FANG+™ Index futures on January 4, 2022.
Strong investor interest in technology stocks, especially FAANG, following 2021 performance.
Reduced notional value of MICRO NYSE FANG+™ futures to $35,000 enhances accessibility.
NYSE FANG+™ Index yields a gross total return of 31.93% from September 2014 to December 2021.
Negative
None.
NEW YORK--(BUSINESS WIRE)--
Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that a record 27,876 Micro NYSE FANG+™ Index futures traded on January 4, 2022.
“2021 was a remarkable year for the U.S. technology sector and there has been a lot of attention on the FAANG stocks and the NYSE FANG+™ Index, including the recent addition of Microsoft® stock to the index,” said David Goone, Chief Strategy Officer at ICE. “It is great to see that 2022 has started with such strong activity in our MICRO NYSE FANG+™ Index futures, showing the continued importance of these stocks to the investor community.”
MICRO NYSE FANG+™ Index futures are based on ICE’s NYSE FANG+™ Index, an equal-dollar weighted index which provides exposure to 10 highly-traded technology and tech-related companies. The current stock constituents of the index are: Alibaba®, Amazon®, Apple®, Baidu®, Facebook® (Meta Platforms), Google® (Alphabet), Microsoft®, Netflix®, NVIDIA®, and Tesla®. The NYSE FANG+™ Index has consistently outperformed many other indices, producing an annualized gross total return of 31.93% from September 19, 2014 to December 31, 2021*.
To provide greater flexibility, cost efficiency and accessibility for a wider range of participants, ICE reduced the notional value of the MICRO NYSE FANG+™ Index futures contract in September 2020 by one tenth to a notional value of approximately $35,000 and saw steady growth in market participation in the contract throughout 2021.
*The NYSE FANG+™ Index launched on September 26, 2017. Prior performance (September 19, 2014 to September 25, 2017) is based upon back tested index calculations.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
Any product names, logos, brands, and other trademarks or images referred to in this press release are the property of their respective trademark holders.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on February 4, 2021.
Apple® is a registered trademark of Apple, Inc. Facebook® is a registered trademark of Facebook, Inc. Meta™ is a trademark of Facebook, Inc. Amazon® is a registered trademark of Amazon Technologies, Inc. Netflix® is a registered trademark of Netflix, Inc. Google® is a registered trademark of Google, Inc. Alibaba® is a registered trademark of Alibaba Group Holding Limited. Baidu® is a registered trademark of Baidu, Inc. Nvidia® is a registered trademark of Nvidia Corporation. Tesla® is a registered trademark of Tesla, Inc. Microsoft® is a registered trademark of Microsoft Corporation. None of the foregoing entities are affiliated with, endorsed by, or sponsored by Intercontinental Exchange, Inc. or any of its subsidiaries or affiliates. The inclusion of entity names in this press release does not evidence a relationship with any of those entities in connection with the NYSE® FANG+™ Index nor does it constitute an endorsement or sponsorship by any of those entities of the NYSE® FANG+™ Index or this press release.
