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Salt Financial Announces Strategic Collaboration with ICE to Explore Indices for Risk-Controlled Investment Products

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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.

Salt Financial ha firmato un memorandum d'intesa con Intercontinental Exchange (NYSE: ICE) per collaborare allo sviluppo di indici strategici. Questa partnership mira a soddisfare la crescente domanda di prodotti di investimento a controllo del rischio per compagnie assicurative, sponsor di fondi e banche d'investimento attraverso indici sistematici su misura.

La collaborazione sfrutterà il truVol® Risk Control Engine (RCE) di Salt, in fase di brevetto, e la vasta gamma di soluzioni indice cross-asset di ICE. Attualmente ICE gestisce circa 2 trilioni di dollari in attività sotto gestione indicizzati ai suoi indici. La partnership intende combinare l'expertise di Salt Financial nella gestione della volatilità con le robuste capacità di indice di ICE e il marchio NYSE per esplorare nuove e migliorate soluzioni per gli indici.

Questa collaborazione potrebbe fornire agli investitori una gamma più ampia di scelte, incorporando i più recenti avanzamenti nel design degli indici e il meccanismo all'avanguardia di controllo della volatilità di truVol, alimentato da dati storici intraday.

Salt Financial ha firmado un memorando de entendimiento con Intercontinental Exchange (NYSE: ICE) para colaborar en el desarrollo de índices estratégicos. Esta asociación tiene como objetivo satisfacer la creciente demanda de productos de inversión controlados por riesgo para compañías de seguros, patrocinadores de fondos y bancos de inversión a través de índices sistemáticos a medida.

La colaboración aprovechará el truVol® Risk Control Engine (RCE) de Salt, que está en proceso de patente, y la diversa gama de soluciones de índices de activos cruzados de ICE. Actualmente, ICE tiene aproximadamente 2 billones de dólares en activos bajo gestión que están referenciados a sus índices. La asociación busca combinar la experiencia de Salt Financial en la gestión de la volatilidad con las sólidas capacidades de índice de ICE y la marca NYSE para explorar nuevas y mejoradas soluciones de índices.

Esta colaboración podría proporcionar a los inversores una gama más amplia de opciones, incorporando los últimos avances en el diseño de índices y el mecanismo de control de volatilidad de vanguardia de truVol, potenciado por datos intradía históricos.

Salt Financial이 Intercontinental Exchange (NYSE: ICE)와 전략적 지수 개발을 위한 양해각서를 체결했습니다. 이번 파트너십은 보험 회사, 펀드 스폰서 및 투자은행을 위한 위험 통제 투자 상품에 대한 증가하는 수요를 충족시키기 위해 맞춤형 체계적 지수를 이용하는 것을 목표로 합니다.

이번 협업은 Salt의 특허 출원 중인 truVol® Risk Control Engine (RCE)과 ICE의 다양한 교차 자산 지수 솔루션을 활용할 것입니다. 현재 ICE는 약 2조 달러의 자산을 관리하며 이를 자사의 지수에 기준을 두고 있습니다. 이 파트너십은 Salt Financial의 변동성 관리 전문성과 ICE의 강력한 지수 능력, NYSE 브랜드를 결합하여 새로운 및 향상된 지수 솔루션을 탐색하고자 합니다.

이번 협업은 투자자들에게 최신 지수 설계 발전과 역사적 일 중 데이터로 구동되는 truVol의 최신 변동성 제어 메커니즘을 포함한 더 다양한 선택지를 제공할 가능성이 있습니다.

Salt Financial a signé un mémorandum d'entente avec Intercontinental Exchange (NYSE: ICE) pour collaborer au développement d'indices stratégiques. Ce partenariat vise à répondre à la demande croissante de produits d'investissement à risque contrôlé pour les compagnies d'assurance, les sponsors de fonds et les banques d'investissement à travers des indices systématiques sur mesure.

La collaboration tirera parti du truVol® Risk Control Engine (RCE) de Salt, en instance de brevet, et de la vaste gamme de solutions d'indices multi-actifs d'ICE. ICE gère actuellement environ 2 trillions de dollars d'actifs sous gestion référencés à ses indices. Le partenariat vise à combiner l'expertise de Salt Financial en gestion de la volatilité avec les capacités d'indices solides d'ICE et la marque NYSE pour explorer de nouvelles solutions d'indices améliorées.

Cette collaboration pourrait offrir aux investisseurs une gamme plus large de choix, incorporant les dernières avancées dans la conception d'indices et le mécanisme de contrôle de volatilité à la pointe de la technologie de truVol, alimenté par des données historiques intrajournalières.

Salt Financial hat ein Memorandum of Understanding mit Intercontinental Exchange (NYSE: ICE) unterzeichnet, um bei der Entwicklung strategischer Indizes zusammenzuarbeiten. Diese Partnerschaft zielt darauf ab, der wachsenden Nachfrage nach risikokontrollierten Anlageprodukten für Versicherungsunternehmen, Fondsanbieter und Investmentbanken durch maßgeschneiderte systematische Indizes gerecht zu werden.

Die Zusammenarbeit wird die derzeit patentierte truVol® Risk Control Engine (RCE) von Salt und die vielfältigen Cross-Asset-Indexlösungen von ICE nutzen. ICE verwaltet aktuell etwa 2 Billionen Dollar an verwaltetem Vermögen, das an seine Indizes angelegt ist. Die Partnerschaft strebt an, die Expertise von Salt Financial im Bereich Volatilitätsmanagement mit den robusten Indexfähigkeiten von ICE und der NYSE-Marke zu kombinieren, um neue und verbesserte Indexlösungen zu erkunden.

Diese Zusammenarbeit könnte Investoren potenziell eine breitere Palette von Auswahlmöglichkeiten bieten, indem sie die neuesten Fortschritte im Indizierungsdesign und das hochmoderne Volatilitätskontrollmechanismus von truVol integriert, das auf historischen Intraday-Daten basiert.

Positive
  • Collaboration with ICE, a major player with $2 trillion in assets under management benchmarked to its indices
  • Potential to develop new risk-controlled investment products for insurance companies, fund sponsors, and investment banks
  • Leveraging Salt's patent-pending truVol® Risk Control Engine (RCE) for index development
Negative
  • None.

GREENWICH, Conn., Sept. 19, 2024 /PRNewswire/ -- Salt Financial, a leading financial services firm, is pleased to announce that it has signed a memorandum of understanding with Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, to collaborate on strategic index development. Leveraging Salt's patent-pending truVol® Risk Control Engine (RCE), the collaboration will focus on satisfying the growing demand for risk-controlled investment products for insurance companies, fund sponsors, and investment banks in the form of bespoke systematic indices. 

ICE offers a diverse range of cross-asset index solutions, with approximately $2 trillion in assets under management benchmarked to ICE Indices. ICE indices also support Exchange-Traded Products (ETPs), structured products, insurance, and other financial products globally.

Salt Financial's cooperation with ICE and its subsidiary, NYSE, underscores a shared dedication to innovation. By combining Salt Financial's expertise in volatility management with ICE's robust index capabilities and the NYSE brand, this collaboration aims to explore new and enhanced index solutions.

"We are excited to work with Salt Financial to explore new risk-controlled multi-asset indices leveraging their strong volatility methodology," said Preston Peacock, Head of ICE Data Indices. 

"We are excited to be collaborating with ICE and NYSE to explore custom index solutions with building blocks developed by ICE Data Indices across asset classes," said Tony Barchetto, Chief Executive Officer at Salt Financial. 

The collaboration could empower 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.

About Salt Financial
Salt Financial LLC is a leading provider of index solutions and risk analytics, powered by the patent-pending truVol® Risk Control Engine (RCE). We leverage the rich information contained in intraday prices to better estimate volatility to develop index-based investment products for insurance carriers, investment banks, asset managers, and ETF issuers. Salt is committed to collaborating with industry leaders to empower the pursuit of financial outperformance for investors worldwide. For more information, please visit www.saltfinancial.com.  

About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE's futures, equity, and options exchanges -- including the New York Stock Exchange -- and clearing houses help people invest, raise capital and manage risk. We offer some of the world's largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key Information Documents (KIDS)."

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 8, 2024.

ICE Data Indices, LLC ("IDI"), its affiliates and its third party suppliers (collectively, "ICE Data and its Suppliers") make no representations or warranties regarding the advisability of investing in securities generally, in any financial product or the ability of any index to track general market performance. Past performance of an index is not an indicator of or a guarantee of future results. For important information (including the methodologies), limitations, and disclaimers regarding the indices, please visit indices.ice.com.

ICE DATA AND ITS SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY INFORMATION INCLUDED IN, RELATED TO, OR DERIVED THEREFROM ("INDEX DATA"). ICE DATA AND ITS SUPPLIERS SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY WITH RESPECT TO THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES AND THE INDEX DATA, WHICH ARE PROVIDED ON AN "AS IS" BASIS AND YOUR USE IS AT YOUR OWN RISK.

NYSE is a trademark of NYSE Group, Inc., and is used by IDI with permission under license by NYSE Group, Inc. NEITHER THE INDICATION THAT NYSE IS LICENSED FROM NYSE GROUP. INC. OR USED BY OR ITS AFFILIATES WITH PERMISSION FROM NYSE GROUP, INC. IN ANY WAY SUGGESTS OR IMPLIES A REPRESENTATION OR OPINION BY NYSE GROUP, INC. OR ANY SUCH AFFILIATES AS TO THE ATTRACTIVENESS OF INVESTMENT IN ANY SECURITIES, INVESTMENTS, OTHER FINANCIAL PRODUCTS, ENTERTAINMENT, MEDIA, ARTISTIC WORKS, ACADEMIC WORKS, EDUCATIONAL WORKS OR ANY OTHER PRODUCTS (COLLECTIVELY, "PRODUCTS"); AS TO THE POSSIBLE BENEFITS FROM ANY PRODUCTS; OR SPONSORSHIP, APPROVAL OR ENDORSEMENT OF IDI BY NYSE GROUP, INC. OR ANY OF IDI'S PRODUCTS (AS APPLICABLE). NYSE GROUP, INC. IS NOT THE ISSUER OF ANY SUCH PRODUCTS AND MAKES NO EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE WITH RESPECT THERETO OR REFLECTED THEREIN, NOR AS TO RESULTS TO BE OBTAINED BY ANY PERSON OR ANY ENTITY.

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SOURCE Salt Financial

FAQ

What is the purpose of the collaboration between Salt Financial and ICE?

The collaboration aims to develop strategic indices for risk-controlled investment products, targeting insurance companies, fund sponsors, and investment banks.

What technology will be used in the index development collaboration between Salt Financial and ICE?

The collaboration will leverage Salt Financial's patent-pending truVol® Risk Control Engine (RCE) and ICE's cross-asset index solutions.

How much in assets is currently benchmarked to ICE Indices?

Approximately $2 trillion in assets under management are benchmarked to ICE Indices.

When was the memorandum of understanding between Salt Financial and ICE (NYSE: ICE) announced?

The memorandum of understanding was announced on September 19, 2024.

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