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Intercontinental Exchange Inc. - ICE STOCK NEWS

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.

News

ICE Announces Approval of Electronic Trade Document Solution for the Delivery of Commodities Globally

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Intercontinental Exchange, Inc. (NYSE:ICE) has received approval from the International Group of Protection & Indemnity Clubs (IG P&I) for its ICE CargoDocs Local Law electronic bill of lading solution. The approval coincides with the U.K. and Singapore recognizing electronic bills of lading as the legal equivalent of paper, marking a significant milestone in transforming analog, paper-based industries into a fully digital global trade ecosystem.
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Intercontinental Exchange Reports November 2023 Statistics

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Intercontinental Exchange, a leading global provider of data, technology, and market infrastructure, reported November 2023 trading volume and revenue statistics. Total average daily volume (ADV) is up 25% year over year, with open interest (OI) up 9%. Energy ADV is up 29% y/y, with record OI of 52.6M lots on November 23. Total Oil ADV is up 21% y/y, with OI up 31%. Total natural gas ADV is up 46% y/y, including record futures OI of 19.9M lots on November 24. North American gas ADV is up 35% y/y, and TTF gas ADV is up 110% y/y. Total environmentals ADV is up 13% y/y. Total Ags & Metals OI is up 20% y/y, including record OI of 4.9M lots on November 2. SONIA ADV is up 78% y/y, and Euribor ADV is up 25% y/y.
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ICE Awarded $155 Million For PennyMac Misuse of Black Knight Confidential Information in Mortgage Servicing Software

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Intercontinental Exchange, Inc. (NYSE:ICE) announced that an arbitrator found PennyMac Loan Services engaged in unauthorized use of Black Knight’s confidential information, resulting in an award of more than $155 million dollars, plus interest and attorneys’ fees to Black Knight. PennyMac is a former client of Black Knight, and ICE completed its acquisition of Black Knight in September 2023.
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ICE Mortgage Monitor: Equity Withdrawals Rose Slightly in Q3 2023, but High Interest Rates Are Compressing Usage by 55%

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Intercontinental Exchange, Inc. (NYSE:ICE) reveals that despite slowing signs, home prices hit a new seasonally adjusted high in October. Tappable equity has almost reached its 2022 peak, leading to a modest increase in equity withdrawals in Q3. However, rising interest rates have deterred homeowners from extracting wealth, resulting in a 55% decrease in equity withdrawal rates compared to previous years. The company's Mortgage Monitor Report also highlights that purchase lending dominates the market, while cash-outs continue to drive refinance activity. Despite a rise in foreclosure starts, strong equity positions among mortgage holders have tempered the potential wave of foreclosures.
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Enterprise and ONEOK Extend Terminal Transfer Fee Waiver for ICE Midland WTI (HOU) Crude Deliveries to the End of 2025

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Intercontinental Exchange, Inc. (ICE), a leading global provider of data, technology, and market infrastructure, announced that Enterprise Products Partners L.P. (EPD) and ONEOK, Inc. (OKE) have extended their fee waiver arrangement between the Enterprise Crude Houston (ECHO) and Magellan East Houston (MEH) terminals to transfer crude oil delivered through ICE’s Midland WTI futures contract (HOU) until December 31, 2025. HOU futures had a record third quarter in 2023 with 672,681 contracts traded, with record average daily volume of 10,677 contracts. Each month, the HOU futures contract delivers approximately 5 million barrels of Midland WTI-quality crude. HOU has delivered approximately 71 million barrels of Midland WTI-quality crude since early 2022. Midland WTI crude oil also became deliverable into Dated Brent and the rest of the Brent complex earlier this year.
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Intercontinental Exchange, Inc. Announces Amendments to Private Exchange Offer and Consent Solicitation for Black Knight InfoServ, LLC’s Outstanding 3.625% Senior Notes Due 2028

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Intercontinental Exchange, Inc. (ICE) announced amendments to the private exchange offer and related consent solicitation with respect to the outstanding 3.625% Senior Notes due 2028 issued by Black Knight InfoServ, LLC, a wholly owned subsidiary of ICE. The Exchange Offer and Consent Solicitation are extended until December 8, 2023. ICE also amended the cash consideration payable to Eligible Noteholders of the BK Notes. The Exchange Offer and Consent Solicitation are being conducted in connection with the satisfaction or waiver of terms and conditions, including the receipt of consents representing at least a majority in aggregate principal amount of outstanding BK Notes (the Requisite Consent).
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ICE First Look at Mortgage Performance: Foreclosure starts rose in October, despite serious delinquencies returning to 17-year lows

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Intercontinental Exchange, Inc. (ICE) reports that the national delinquency rate fell to 3.26% in October, marking a 9 bps (-2.8%) improvement from the same time last year. Foreclosure starts rose to 33K in October, hitting their highest levels in 18 months, while active foreclosure inventory inched up 3K to 217K.
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Intercontinental Exchange Chair & CEO Jeffrey C. Sprecher to Present at the Goldman Sachs U.S. Financial Services Conference on December 5

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Intercontinental Exchange, Inc. (ICE) CEO Jeffrey C. Sprecher to Present at Goldman Sachs U.S. Financial Services Conference
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The New York Stock Exchange and the Abu Dhabi Securities Exchange Agree to Memorandum of Understanding for Business Collaboration

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Intercontinental Exchange, Inc. (NYSE: ICE) and the Abu Dhabi Securities Exchange (ADX) have signed a memorandum of understanding to collaborate on dual listings of companies, explore ETFs and data and index products, and work on sustainability initiatives. The agreement follows ADX's selection of the ICE Global Network to offer global institutional investors direct access to ADX market data and order entry. The MOU aims to support cross-border listings on the NYSE and ADX, providing each region’s strong investor base with access to these securities and driving economic growth.
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NYSE Group Announces 2024, 2025 and 2026 Holiday and Early Closings Calendar

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NYSE Group Announces 2026 Holiday Calendar and Early Closing Dates for Cash Equity Markets, Including NYSE, NYSE American, and NYSE Arca. The calendar also includes 2024 and 2025 dates. Market participants can find the full schedule at https://www.nyse.com/markets/hours-calendars.
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FAQ

What is the current stock price of Intercontinental Exchange (ICE)?

The current stock price of Intercontinental Exchange (ICE) is $159.29 as of November 22, 2024.

What is the market cap of Intercontinental Exchange (ICE)?

The market cap of Intercontinental Exchange (ICE) is approximately 91.0B.

What is Intercontinental Exchange Inc.?

Intercontinental Exchange Inc. (ICE) operates global financial exchanges, including the New York Stock Exchange, and provides data services.

What are the main segments of ICE's business?

ICE's business is divided into three main segments: exchanges business (56% of net revenue), mortgage technology (15%), and fixed-income and data services (29%).

What is the ICE Brent crude futures contract?

The ICE Brent crude futures contract is one of ICE's largest commodity futures products, playing a significant role in the derivatives market.

What services does ICE provide?

ICE offers real-time market data, fixed income evaluations, trading infrastructure, analytics, portfolio valuation, regulatory compliance, risk management, electronic trading, and wealth management solutions.

How has ICE expanded its business?

ICE has expanded through strategic acquisitions, particularly in mortgage technology and data services, enhancing its market offerings.

When did ICE acquire the New York Stock Exchange?

ICE acquired the New York Stock Exchange in 2013.

What are ICE's recent achievements?

Recent achievements include advancements in mortgage technology, improving the efficiency and transparency of the mortgage loan process.

How does ICE support financial institutions?

ICE supports financial institutions through services like portfolio valuation, regulatory compliance, risk management, and electronic trading.

Why is ICE considered a valuable asset for investors?

ICE's focus on technology and data-driven services, along with its strong financial foundation, make it a valuable asset for investors seeking market insights and reliable trading platforms.

What is the significance of ICE's vertically integrated business model?

ICE's vertically integrated model ensures a comprehensive suite of financial services, enhancing its market presence and operational efficiency.

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Intercontinental Exchange Inc.

NYSE:ICE

ICE Rankings

#144 Ranked by Market Cap
#1732 Ranked by Dividends

ICE Stock Data

91.03B
568.20M
1.02%
92.46%
0.75%
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