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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

S&P Global Commodity Insights' Fertecon Ammonia Benchmarks Selected As Basis For ICE Futures Contract

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ICE Selects Four Platts Price Assessments for Derivatives Contracts Settlement - Intercontinental Exchange, Inc. (NYSE:ICE) has chosen the Platts Fertecon spot physical price assessment of ammonia as the basis for a new ammonia futures contract, emphasizing the importance of ammonia in the world's agriculture and energy transition. The new ICE ammonia futures contract will financially settle against the Platts Fertecon weekly price of anhydrous ammonia as delivered to Northwest Europe. The trading and clearing of the new ICE contracts will begin Monday, December 11, 2023, with a total of more than 750 ICE contracts settled and cleared against physical market price assessments published by Platts and Fertecon of S&P Global Commodity Insights. ICE will also be launching spread derivatives based on three Platts spot physical price differentials assessments for Fuel Oil and Oil.
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Abu Dhabi Securities Exchange (ADX) Leverages ICE Global Network to Offer Direct Market Access to Global Investors

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Intercontinental Exchange, Inc. (ICE) selected by Abu Dhabi Securities Exchange (ADX) to offer direct market access to global institutional investors. By leveraging ICE Global Network, ADX aims to expand its global investor base by facilitating real-time access to market data and order entry. The ICE Global Network provides banks, asset managers, and hedge funds with direct market access to data and execution services from over 150 exchanges and marketplaces around the world.
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Intercontinental Exchange, Inc. Commences 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. (NYSE: ICE) announced a private exchange offer and consent solicitation for its outstanding 3.625% Senior Notes due 2028 issued by Black Knight InfoServ, LLC, offering new ICE Notes and cash consideration in exchange for BK Notes. The Exchange Offer and Consent Solicitation will expire on December 8, 2023.
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ICE and Databricks to Provide Climate Risk Data Insights for Municipal Bond Markets

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Intercontinental Exchange (NYSE:ICE) and Databricks collaborate to enhance municipal bond evaluations and climate risk data. The partnership aims to help investors incorporate climate change effects into decision-making processes for municipal bonds. Databricks' advanced analytics and processing capabilities enable financial institutions to make informed decisions regarding portfolio optimization, risk assessment, and pricing models.
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ICE Reports Record Open Interest Across Global Commodity and Energy Markets with Record Traded Volumes in Options During October

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Intercontinental Exchange, Inc. (NYSE:ICE) announced record open interest (OI) and volume across its global commodity and energy futures and options markets. The company hit record OI of 56.3 million contracts across commodities futures and options, including record OI of 51.5 million contracts in energy futures and options. Meanwhile, ICE reached record volume in commodity and energy options during October with approximately 16 million commodity options traded, including a record 14.3 million energy options. ICE also saw significant growth in volumes and open interest in its global oil and natural gas futures markets. Brent crude options are the most liquid crude oil options contract globally and traded a record 5.7 million contracts during the month with record average daily volume of 257,000 contracts, up 85% y/y.
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ICE Launches Service to Help Identify and Monitor Entities and Securities Subject to Financial and Economic Sanctions Programs

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Intercontinental Exchange (NYSE:ICE) has launched a sanctions service to aid institutional compliance with global sanctions, including programs administered by the United Nations, European Union, and the U.S. This leverages ICE’s data offering and cross-referencing capabilities to identify securities, entities, and groups targeted by sanctions.
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ICE Mortgage Monitor: Affordability and Demand Continue to Suffer As Rates Hit 23-Year High; Lendable Equity Nearing Record Levels, Yet Borrower Retention Worst in 17 Years

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Rising rates and home prices have made housing less affordable, with the median-priced home requiring a monthly payment of over $2,500 for the first time. Purchase-mortgage applications have fallen to 47% below pre-pandemic levels, and annual home price growth has slowed down. Affordability is at a 39-year low, and it is expected that prices will weaken in 2023. Mortgage-holder equity is near record highs, but retention of consumers post-refinance is low.
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Intercontinental Exchange Reports October 2023 Statistics

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Intercontinental Exchange, Inc. (NYSE:ICE) has reported its October 2023 trading volume and related revenue statistics. Total average daily volume (ADV) increased by 15% year-over-year (y/y), with open interest (OI) up 3% y/y. Energy ADV saw a significant increase of 37% y/y, with OI up 14% y/y. Total natural gas ADV increased by 30% y/y, with OI up 14% y/y. Ags & Metals OI increased by 16% y/y. Notable records include OI of 51.5M lots on October 25 for Energy, 19.8M lots on October 26 for natural gas futures, and 4.9M lots on October 31 for Ags & Metals.
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Intercontinental Exchange Approves Fourth Quarter Dividend of $0.42 per Share

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Intercontinental Exchange (ICE) has announced a $0.42 per share dividend for the fourth quarter of 2023, representing an 11% increase from the previous quarter. The dividend will be paid on December 29, 2023, to stockholders of record as of December 14, 2023.
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Intercontinental Exchange Reports Strong Third Quarter 2023

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Intercontinental Exchange (NYSE: ICE) reported record net revenues of $2.0 billion in 3Q23, a year-over-year increase of 11%. GAAP diluted earnings per share (EPS) were $0.96, while adjusted diluted EPS reached $1.46. The company completed the strategic acquisition of Black Knight in September 2023. Operating income was $845 million, a decrease of 7% year-over-year, but adjusted operating income increased by 10% to $1.2 billion. ICE's operating margin was 42%, while the adjusted operating margin was 59%.
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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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