Intercontinental Exchange Inc. - ICE STOCK NEWS

Intercontinental Exchange (NYSE: ICE) has announced that Home BancShares (NYSE: HOMB) has officially transferred its listing and will begin trading on the NYSE today. This transfer allows Home BancShares, the parent company of Centennial Bank, to utilize the benefits of NYSE membership, including enhanced market visibility and access to a vast network of business leaders. Home BancShares aims to create long-term value for its customers and shareholders by joining one of the world's leading exchanges.

Intercontinental Exchange (ICE) announced an update on LIBOR cessation and the introduction of 'synthetic' LIBOR. Following the UK Financial Conduct Authority's directives, key LIBOR settings will be discontinued after specific deadlines, with synthetic versions published under a new methodology throughout 2022. The FCA mandated that six LIBOR settings will no longer reflect the underlying market conditions, impacting regulated financial contracts. The 1-, 3-, and 6-Month U.S. dollar LIBOR will continue until June 30, 2023. The update aims to ensure compliance with the UK Benchmarks Regulation.

Intercontinental Exchange (NYSE: ICE) plans to launch carbon credit auctions for Permian Global, focusing on verified emission reduction certificates (VERs) from tropical forest protection projects. Set to begin in 2022, this initiative aims to enhance the transparency and credibility of carbon credits, aiding climate change efforts. ICE will form a Carbon Oversight Committee for oversight in the voluntary carbon markets, supporting governance and integrity in the auction process. Over 14 gigatons of carbon trades on ICE annually, representing approximately 40% of global annual emissions.

Intercontinental Exchange (NYSE: ICE) released its sixth annual Corporate Responsibility Report highlighting its environmental, social, and governance (ESG) initiatives for 2020. This year marks the introduction of a formal materiality analysis, developed with external consultation and employee feedback, to identify substantive ESG risks and opportunities. Key highlights include the publication of greenhouse gas emissions, new diversity disclosures, and the expansion of ESG reference data. ICE’s transparency and commitment to sustainability reflect its role in managing risks across various financial markets.

Intercontinental Exchange (NYSE:ICE) announced plans to launch four new index futures contracts linked to the MSCI Climate Paris Aligned Indices, pending regulatory approval with a target launch in January 2022. These U.S. dollar-denominated contracts are designed to support investors aiming for net-zero alignment through proprietary climate metrics. The indices include the MSCI World, USA, Europe, and Emerging Market Climate Paris Aligned Indices. Industry leaders view this as a significant development in enhancing ESG solutions and managing climate-related risks within investment portfolios.

Intercontinental Exchange (NYSE:ICE) has launched the U.S. dollar SOFR ICE Swap Rate as a benchmark for financial contracts. This follows the successful beta publication that started on October 1, 2021. The new benchmark assists the U.S. dollar non-linear derivatives market in its transition to SOFR. Settings are published concurrently with the current U.S. dollar LIBOR ICE Swap Rate, covering tenors from one to 30 years. ICE Benchmark Administration continues to offer beta settings for feedback, which are not yet for financial use.

Intercontinental Exchange (NYSE:ICE) has announced plans to launch its first Nature-Based Solutions (NBS) carbon credit futures contract, expected in Q1 2022, pending regulatory approvals. Each contract will be equivalent to 1,000 VCS-certified carbon credits, aimed at promoting funding for natural capital in agriculture, forestry, and land use. The ICE Carbon Oversight Committee will oversee the governance of these carbon markets to ensure the integrity of the credits. This initiative will further solidify ICE's position in the environmental market, where it currently facilitates a significant portion of global carbon trading.

Intercontinental Exchange (NYSE:ICE) has unveiled the 2022 auction calendar for the UK Emissions Trading Scheme (ETS). Since its launch in May 2021, the UK ETS has become the third largest carbon cap and trade market globally, with over 156,000 lots traded, equating to 156 million tons of carbon. Current open interest stands at 42,131 contracts. The UK ETS aims to support the climate goals of the UK, facilitating liquidity and participation in environmental markets.