Intercontinental Exchange Inc. - ICE STOCK NEWS

Intercontinental Exchange (NYSE: ICE) announced that Chairman & CEO Jeffrey Sprecher will present at the 2020 Goldman Sachs U.S. Financial Services Conference on December 9 at 10:40 AM ET. The presentation will be available live and in replay via webcast on ICE’s investor relations website.

ICE is a leading operator of global exchanges and clearing houses, providing marketplace infrastructure, data services, and technology solutions to various sectors including financial institutions and corporations.

Intercontinental Exchange (ICE) announced the successful results of the ICE Endex gas storage auction held on November 25, 2020, offering 1,696,084 Standard Bundled Units (SBUs) for the 2021/2022 contract period. All SBUs were allocated at an average weighted price of 3.35 EUR. ICE Endex has conducted these gas storage auctions since 2011, with volumes for TTF Futures and Options increasing significantly, reflecting the evolving global benchmark for natural gas. The gas storage capacity totals nearly 5 billion kWh.

Intercontinental Exchange (NYSE: ICE) announced an enhancement to its ICE Term SONIA Reference Rates by incorporating Tradeweb's dealer to client data into its 'Waterfall' methodology. This expansion aims to bolster the robustness of the calculation by using a broader range of data inputs, including tradeable prices from major trading venues. This update follows the initial beta launch of ICE Term SONIA Reference Rates in July 2020 and seeks to improve transparency and accuracy for market users. The updated rates are available on the ICE Term Risk Free Rates Portal.

In October 2020, interest rates for loans dropped to a record low of 2.99%, marking the first occurrence of rates falling below 3% since tracking began in 2011, according to the Origination Insight Report by Ellie Mae, now part of ICE Mortgage Technology. The report highlights that refinances surged to 60% of total closed loans, while purchase loans fell to 40%. Average closing times increased to 54 days, with a steady FICO score average of 753. Conventional loans represented 82% of all closed loans, showcasing the mortgage market's current dynamics.

Intercontinental Exchange (NYSE:ICE) announces that ICE Benchmark Administration Limited (IBA) will consult on ceasing publication of GBP, EUR, CHF, and JPY LIBOR settings. This decision follows the FCA's July 2017 directive regarding the discontinuation of LIBOR submissions post-December 31, 2021. Although discussions continue regarding USD LIBOR's future, IBA's latest communication indicates no certainty about its continuation. IBA will provide further updates after consultations conclude.

Intercontinental Exchange (ICE), a prominent global exchange operator, has released its fifth annual Corporate Responsibility Report. The report emphasizes ICE's commitment to environmental, social, and governance (ESG) issues, highlighting its corporate governance, diversity initiatives, and sustainable finance efforts. Key updates include the addition of a fourth female director, a $10 million donation to community COVID-19 relief, and initiatives to enhance financial education and transparency in diversity metrics. For more details, visit ICE's corporate responsibility page.

Intercontinental Exchange (NYSE: ICE) announced that Bank of America is the first authorized participant to use the ICE ETF Hub's FIX API for ETF share creations and redemptions. This milestone enhances the ETF industry's adoption of ICE ETF Hub, which streamlines the creation and redemption process via an open architecture technology solution. The FIX API allows for automated workflows, improving efficiency and convenience for market participants. The ICE ETF Hub currently supports U.S.-listed domestic equity and fixed income ETFs.

Ellie Mae, now ICE Mortgage Technology, has launched the Encompass® 20.2 Major Release, introducing enhancements designed to boost lender productivity. Key features include an enhanced condition management system for flexible workflows, improved document management that increases upload speeds by up to 5x, and an updated document viewer for efficient management. These innovations aim to support lenders during peak times and remote work conditions, ultimately aiming to drive operational efficiency and reduce loan origination costs.

Intercontinental Exchange (NYSE: ICE) reported record open interest in its environmental complex, reaching 2.65 million contracts on November 12, 2020. This growth, driven by a 40% increase in participants since 2017, highlights the vital role of market-based mechanisms in pricing climate risk. Companies use ICE's markets for compliance with carbon cap and trade programs, while investors leverage price signals for risk assessment. ICE remains a leader in environmental markets and offers various sustainability indices to manage ESG-related risks.