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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.

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Intercontinental Exchange (NYSE: ICE) announces that ICE Benchmark Administration Limited (IBA) plans to cease publication of certain USD LIBOR settings. The one week and two month USD LIBOR settings will stop after December 31, 2021, followed by the remaining USD LIBOR settings on June 30, 2023. This decision follows the UK Financial Conduct Authority's (FCA) guidance urging a transition away from LIBOR. The consultation for feedback on these changes is expected to close by January 2021.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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FAQ

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

The current stock price of Intercontinental Exchange (ICE) is $150.16 as of December 23, 2024.

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

The market cap of Intercontinental Exchange (ICE) is approximately 85.6B.

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.

Intercontinental Exchange Inc.

NYSE:ICE

ICE Rankings

ICE Stock Data

85.62B
568.17M
1.01%
91.91%
1.13%
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