Intercontinental

Intercontinental Exchange Reports February 2024 Statistics

Retrieved on: 
Tuesday, March 5, 2024

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.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today reported February 2024 trading volume and related revenue statistics, which can be viewed on the company’s investor relations website at https://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.
  • Total average daily volume (ADV) up 19% y/y; open interest (OI) up 21% y/y, including record OI of 92.3M lots on February 23
    Energy ADV up 31% y/y; OI up 24% y/y, including record OI of 58.7M lots on February 23
    Total Oil ADV up 24% y/y; OI up 22% y/y
    Brent ADV up 15% y/y; OI up 4% y/y
    WTI ADV up 62% y/y; OI up 32% y/y
    Gasoil ADV up 18% y/y; OI up 53% y/y
    Other Crude & Refined products ADV up 41% y/y; OI up 34% y/y
    Total Natural gas ADV up 42% y/y; OI up 29% y/y, including record OI of 39.6M lots on February 23
    North American gas ADV up 36% y/y; OI up 24% y/y, including record futures OI of 18.2M lots on February 23
    Record TTF gas ADV up 71% y/y; OI up 96% y/y, including record OI of 4.0M lots on February 22
    Record Asia gas ADV up 98% y/y; OI up 45% y/y
    Total Environmentals ADV up 26% y/y; OI up 6% y/y
    Record total Ags & Metals ADV up 19% y/y; OI up 16% y/y
    Record Cocoa ADV up 75% y/y; OI up 48% y/y, including record options OI of 1.3M lots on February 28
    Cotton ADV up 59% y/y; OI up 15% y/y
    Total Financials ADV up 5% y/y; OI up 15% y/y
    Total Interest Rates ADV up 8% y/y; OI up 23% y/y
    Record SONIA ADV up 28% y/y; OI up 114% y/y

ICE Mortgage Monitor: First-Time Homebuyers Make Up Record 47% of GSE Purchase Loans, 39% of All GSE Securitizations in 2023

Retrieved on: 
Monday, March 4, 2024

Looking back, last year’s market was dominated by purchase lending, with loans to buy homes making up 82% of a historically low number of originations.

Key Points: 
  • Looking back, last year’s market was dominated by purchase lending, with loans to buy homes making up 82% of a historically low number of originations.
  • While it remains a tough market for prospective purchasers, our eMBS agency securities database revealed that first-time homebuyers actually made up 55% of all agency purchase mortgages last year.
  • They made up 39% of all GSE securitizations in 2023 – 12 percentage points higher than any other vintage in the past decade.
  • The market in which these folks purchased their first home was one of record house prices, ballooning down payments, rising rates and elevated DTIs.

New Cloud-Based Audio Solution Will Bring Instant Voice to ICE’s Instant Messaging Platform for Traders and Professional Investors

Retrieved on: 
Thursday, February 29, 2024

Users will be able to instantly jump from chat to voice and open calls from chat tabs and group chat rooms, and create Voice Blasts to ‘shout out’ to groups of open connections simultaneously.

Key Points: 
  • Users will be able to instantly jump from chat to voice and open calls from chat tabs and group chat rooms, and create Voice Blasts to ‘shout out’ to groups of open connections simultaneously.
  • ICE Voice will also support full audio recording with configurable retention, anywhere, anytime playback of archived calls, and integrated chat and voice logs to create a single record of communications, aiding in trading desk or firm-wide compliance programs.
  • IPC’s Trading Communications Systems support the global voice trading community through a comprehensive suite of leading-edge communications technologies and tools, underpinned by the proprietary and award-winning cloud-based Connexus Unigy platform.
  • For more information about ICE Chat, please visit: https://www.ice.com/fixed-income-data-services/access-and-delivery/deskt... .

ICE Benchmark Administration Provides Update Regarding the Cessation of Sterling LIBOR®

Retrieved on: 
Thursday, February 29, 2024

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced that ICE Benchmark Administration Limited (IBA), the authorized and regulated administrator of LIBOR®, has provided an update regarding the cessation of sterling LIBOR.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced that ICE Benchmark Administration Limited (IBA), the authorized and regulated administrator of LIBOR®, has provided an update regarding the cessation of sterling LIBOR.
  • The FCA has stated that it has no intention to require publication beyond then and that this setting will cease after publication on that date.
  • IBA is also currently required by the FCA to continue to publish the 1-, 3- and 6-Month “synthetic” U.S. dollar LIBOR settings.
  • “Synthetic” LIBOR settings that are required to be published under a “synthetic” methodology are not representative of the underlying market or economic reality the setting was intended to measure prior to such requirement.

Intercontinental Exchange, Inc. Announces Expiration of Consent Solicitation and Receipt of Requisite Consents Relating to Black Knight InfoServ, LLC’s Outstanding 3.625% Senior Notes due 2028

Retrieved on: 
Thursday, February 29, 2024

Intercontinental Exchange, Inc. (NYSE: ICE) (“ICE”) announced today the expiration and results of the previously announced consent solicitation (the “Consent Solicitation”) made by ICE with respect to the 3.625% Senior Notes due 2028 (CUSIP Nos.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE: ICE) (“ICE”) announced today the expiration and results of the previously announced consent solicitation (the “Consent Solicitation”) made by ICE with respect to the 3.625% Senior Notes due 2028 (CUSIP Nos.
  • The Consent Solicitation expired at 5:00 p.m., New York City time, today (the “Expiration Date”).
  • Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC acted as solicitation agents for the Consent Solicitation.
  • The complete terms and conditions of the Consent Solicitation are set forth in the Consent Solicitation Statement.

Intercontinental Exchange, Inc. Commences Consent Solicitation with Respect to Black Knight InfoServ, LLC’s Outstanding 3.625% Senior Notes Due 2028

Retrieved on: 
Tuesday, February 20, 2024

Intercontinental Exchange, Inc. (NYSE: ICE) (“ICE”) announced today that it is commencing a consent solicitation (the “Consent Solicitation”) with respect to the outstanding 3.625% Senior Notes due 2028 (CUSIP Nos.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE: ICE) (“ICE”) announced today that it is commencing a consent solicitation (the “Consent Solicitation”) with respect to the outstanding 3.625% Senior Notes due 2028 (CUSIP Nos.
  • 092174AA9 (144A) and U0921BAA6 (Reg S)) (the “BK Notes”) issued by Black Knight InfoServ, LLC (“BK”), a wholly owned subsidiary of ICE.
  • The Consent Solicitation is being made upon the terms and conditions set forth in a consent solicitation statement, dated February 20, 2024 (the “Consent Solicitation Statement”), copies of which will be made available to holders of the BK Notes.
  • The Consent Solicitation is conditioned upon certain conditions set forth in the Consent Solicitation Statement.

ICE Reports Record Open Interest of Over 90 Million Contracts Across Total Futures and Options Markets

Retrieved on: 
Tuesday, February 20, 2024

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced that its global futures and options markets reached record open interest of 90.2 million contracts on February 15, 2024, with ICE’s commodities futures and options markets hitting record open interest of 61.8 million contracts on February 16, 2024.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced that its global futures and options markets reached record open interest of 90.2 million contracts on February 15, 2024, with ICE’s commodities futures and options markets hitting record open interest of 61.8 million contracts on February 16, 2024.
  • ICE’s energy futures and options portfolio hit record open interest of 57 million contracts on February 16, 2024, with global natural gas futures and options recording record open interest of 38.5 million contracts.
  • On the same day, ICE TTF natural gas futures and options contracts hit record open interest of 3.9 million, up 92% year-over-year, as TTF options contracts reached record open interest of almost 2 million.
  • “The open interest records in TTF underscore the significance of our contracts to the price formation of global natural gas and demonstrates how the market depends on ICE’s energy futures and options to reflect global fundamentals.”
    Meanwhile, in traded volumes, ICE’s total options contracts hit record traded volume of 34.7 million in January 2024, beating the previous monthly record set in August 2011, while ICE’s commodity options traded a record 20.2 million contracts during the month.

Intercontinental Exchange Chief Financial Officer Warren Gardiner to Present at the UBS Financial Services Conference on February 28

Retrieved on: 
Wednesday, February 14, 2024

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.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, announced today that Warren Gardiner, ICE’s Chief Financial Officer, will present at the UBS Financial Services Conference.
  • The presentation will take place on Wednesday, February 28 at 12:10 p.m.
  • ET.
  • The presentation will be available live and in replay via webcast and can be accessed in the investor relations and media section of ICE’s website at http://ir.theice.com/ .

Intercontinental Exchange Chief Financial Officer Warren Gardiner to Present at the Bank of America Financial Services Conference on February 21

Retrieved on: 
Tuesday, February 13, 2024

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.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, announced today that Warren Gardiner, ICE’s Chief Financial Officer, will present at the Bank of America Financial Services Conference.
  • The presentation will take place on Wednesday, February 21 at 12:50 p.m.
  • ET.
  • The presentation will be available live and in replay via webcast and can be accessed in the investor relations and media section of ICE’s website at http://ir.theice.com/ .

ICE Expands Data Coverage to Include More Than 90% of Residential Real Estate Listings Through Deal with MLS-Owned REdistribute

Retrieved on: 
Tuesday, February 13, 2024

The deal, in addition to existing agreements with The Realty Alliance and the National Association of Realtors, brings ICE’s MLS data coverage to well over 90% of active listings.

Key Points: 
  • The deal, in addition to existing agreements with The Realty Alliance and the National Association of Realtors, brings ICE’s MLS data coverage to well over 90% of active listings.
  • The company aggregates and distributes data from participating organizations and brokerages, providing unbiased, up-to-date MLS data directly from the source.
  • “We’re delivering clean, standardized MLS data directly from the source, and specifically on behalf of the producers of that data.
  • Working with ICE in this way will help us to build on our vision and deliver better real estate data to those who need it.”