Intercontinental Exchange Inc - ICE STOCK NEWS

Intercontinental Exchange (NYSE:ICE) reported record trading volumes for September and Q3 2024. Highlights include:

- Total average daily volume (ADV) up 29% y/y; open interest (OI) up 16% y/y
- Record Energy ADV up 24% y/y; OI up 21% y/y
- Record Interest Rates ADV up 50% y/y; OI up 18% y/y
- Brent futures and options saw record quantities, affirming its role as the global oil benchmark
- Notable increases in WTI, Gasoil, Natural Gas, and Environmental markets

Q3 2024 highlights:
- Total ADV up 28% y/y
- Energy ADV up 23% y/y, including record futures of 3.7M lots
- Record ADV for Brent, WTI, Midland WTI, and Murban crude oil contracts
- Significant growth in Natural Gas, Environmentals, and Financial markets

The New York Stock Exchange (NYSE), part of Intercontinental Exchange, Inc. (NYSE: ICE), has launched NYSE TV Live, a weekday morning program broadcast live from the iconic NYSE trading floor. The show, airing from 9-10 am ET, covers news impacting global markets and the economy. Anchored by renowned broadcast journalist Kristen Scholer, alongside NYSE TV anchor Trinity Chavez, the program provides an in-depth look at daily news and events inside the historic NYSE building.

NYSE TV Live features interviews with leading market and industry experts, as well as business and political leaders visiting the exchange. The show is available on multiple streaming platforms, including Cheddar, NYSE TV's website and app, YouTube, Apple TV, Roku, fireTV, and Apple and Android mobile devices. Replays are accessible 24/7 on the NYSE TV app.

ICE reports the following first look at August 2024 month-end mortgage performance statistics:

The national delinquency rate fell 3 basis points to 3.34% in August, down 0.9% for the month but up 5.1% from last year. Serious delinquencies rose 14K (+3.3%) to a six-month high, but remain historically low. Foreclosure starts fell by 9% from the month prior and remain 32% below 2019 levels. The share of mortgages in foreclosure hit the second-lowest level on record outside of the COVID-19 moratorium.

Prepayment activity rose to 0.62% – a level not seen in two years – on easing rates, rising by 4.7% from July and 18.0% from last year. The top 5 states by non-current percentage are Mississippi (7.93%), Louisiana (7.87%), Alabama (5.61%), Indiana (5.30%), and West Virginia (5.14%).

Intercontinental Exchange (NYSE: ICE) announced that ICE Clear Credit processed a record of more than $1.1 trillion USD equivalent notional amount of credit default swap (CDS) instruments on September 20, marking the highest amount cleared in a single day by any CDS clearinghouse. This included a record $900 billion from client-related CDS transactions.

ICE Clear Credit, founded in 2009, has become the leading global clearing house for credit derivatives, offering clearing for over 650 Single Name and Index CDS instruments. It has cleared more than $350 trillion in two-sided notional amount, with current open interest exceeding $1.8 trillion. The company recently announced plans to launch a clearing service for U.S. Treasury securities and repurchasing agreements, which will operate as a separate entity from the CDS clearing service.

Intercontinental Exchange (NYSE: ICE) has announced enhancements to its Credit Bureau Management solution, further automating the credit dispute process for servicers. The improved system, integrated with the MSP® loan servicing system, now allows for automatic submission of completed dispute forms to third-party credit bureau reporting agencies, eliminating manual re-entry of data.

These enhancements aim to help servicers meet their 30-day reporting obligations under the Fair Credit Reporting Act more efficiently. The solution compiles borrower information, pre-fills dispute forms, and manages the investigation process, potentially reducing errors and saving critical time for servicers.

Tim Bowler, President of ICE Mortgage Technology, emphasized the importance of these improvements in providing value to servicers and supporting fair and accurate credit histories for individuals.

Intercontinental Exchange (NYSE:ICE) has launched a new suite of climate risk municipal indices that track the performance of securities based on exposure to acute climate risks. The indices use the ICE Climate Risk Score, which provides a comprehensive measure of estimated property risk from physical climate hazards.

The new index family includes five indices focusing on high and low physical climate risk, as well as specific risks like wildfires, floods, and hurricanes. These indices aim to help investors capture exposure to climate-related trends in the municipal bond market.

ICE research indicates that physical climate risk is not yet being priced into municipal bonds, potentially obscuring true risk. These new indices are designed to provide investors with a consistent measure of the climate-yield relationship and a benchmark for managing portfolio risk.

Salt Financial has signed a memorandum of understanding with Intercontinental Exchange (NYSE: ICE) to collaborate on strategic index development. The partnership aims to satisfy the growing demand for risk-controlled investment products for insurance companies, fund sponsors, and investment banks through bespoke systematic indices.

The collaboration will leverage Salt's patent-pending truVol® Risk Control Engine (RCE) and ICE's diverse range of cross-asset index solutions. ICE currently has approximately $2 trillion in assets under management benchmarked to its indices. The partnership seeks to combine Salt Financial's expertise in volatility management with ICE's robust index capabilities and the NYSE brand to explore new and enhanced index solutions.

This collaboration could potentially provide investors with a broader range of choices, incorporating the latest advancements in index design and truVol's cutting-edge volatility control mechanism powered by historical intraday data.

Intercontinental Exchange (NYSE: ICE) and IPC Systems have launched ICE Voice, a cloud-based audio solution integrated with ICE Chat. This new platform offers seamless communication for traders and global market participants, combining voice connectivity with ICE Chat's extensive network of over 120,000 users. Key features include:

- Full audio recording with configurable retention
- Anywhere, anytime playback of archived calls
- Integrated chat and voice logs for compliance programs
- AI-powered Smart Text Recognition
- Message Blaster for multi-contact messaging
- Voice Blasts for simultaneous group communication

ICE Voice aims to enhance trading experiences by providing a single, integrated platform for chat and voice, tailored to the workflows of financial professionals.

Intercontinental Exchange (NYSE: ICE) announced that PNC has expanded its use of ICE's data and analytics solutions as part of their renewal of the MSP® loan servicing system. ICE's proprietary mortgage data sets and advanced analytic models help companies adapt to changing market conditions and evaluate and mitigate portfolio risk. The expansion includes ICE's Automated Valuation Models (AVMs), AFT Prepayment and Credit Model, and McDash® loan-level performance database.

These solutions aim to reduce regulatory compliance risk, decrease costs and turn times, and identify growth opportunities. Tim Bowler, President of ICE Mortgage Technology, emphasized that ICE's goal is to make the path to homeownership or refinancing faster, simpler, and more transparent.