Intercontinental Exchange

ICE Expands Equity Derivatives Complex With the Launch of MSCI® Index Total Return Futures

Retrieved on: 
Monday, March 11, 2024
Banking, Fintech, Professional Services, Finance, Growth, MSCI World, Intercontinental Exchange, Goldman Sachs, Intercontinental, Risk, Sachs, ICE, MSCI EAFE, Transfer RNA, TRF, Cryptocurrency

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, and home to the most liquid markets for trading MSCI® futures, today announced the launch of MSCI® Index Total Return Futures (TRFs).

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, and home to the most liquid markets for trading MSCI® futures, today announced the launch of MSCI® Index Total Return Futures (TRFs).
  • ICE’s MSCI® TRFs offer investors a way to gain exposure to MSCI’s flagship indices: MSCI EAFE Index, MSCI Emerging Markets Index, MSCI USA Index and MSCI World Index.
  • “ICE’s markets account for over 70% of global MSCI futures trading by volume, making ICE the natural home for customers to trade MSCI Total Return Futures alongside our deeply liquid suite of MSCI Futures,” said Caterina Caramaschi, Vice President, Financial Derivatives at ICE.
  • “Goldman Sachs is excited about the launch of ICE MSCI Index TRFs.

Relativity Welcomes Kirk Larsen as Chief Financial Officer

Retrieved on: 
Thursday, April 4, 2024
Financial management, Software as a service, Growth, Intercontinental Exchange, CFO, Silver, Strategic planning, Fidelity National Financial, Sale, AI, Software, FIS (company), Black Knight, Housing, Management

CHICAGO, April 4, 2024 /PRNewswire/ -- Relativity, a global legal technology company, today announced the appointment of Kirk Larsen as Chief Financial Officer (CFO), effective April 16. Larsen brings more than three decades of financial leadership experience and an exceptional track record in scaling SaaS companies and building long-term value creation through strategic financial planning, capital allocation, and mergers and acquisitions.

Key Points: 
  • CHICAGO, April 4, 2024 /PRNewswire/ -- Relativity , a global legal technology company, today announced the appointment of Kirk Larsen as Chief Financial Officer (CFO), effective April 16.
  • Before joining Relativity, Larsen was President and CFO at Black Knight, Inc., a software, data and analytics company that serves the housing finance continuum.
  • "Kirk has cultivated a unique skillset to propel technology companies to unprecedented levels of success," said Phil Saunders, CEO of Relativity.
  • As CFO, Larsen will be responsible for spearheading the financial management and strategic planning for Relativity, overseeing the organization's finance and accounting functions.

Relativity Welcomes Kirk Larsen as Chief Financial Officer

Retrieved on: 
Thursday, April 4, 2024
Financial management, Software as a service, Growth, Intercontinental Exchange, CFO, Silver, Strategic planning, Fidelity National Financial, Sale, AI, Software, FIS (company), Black Knight, Housing, Management

CHICAGO, April 4, 2024 /PRNewswire/ -- Relativity, a global legal technology company, today announced the appointment of Kirk Larsen as Chief Financial Officer (CFO), effective April 16. Larsen brings more than three decades of financial leadership experience and an exceptional track record in scaling SaaS companies and building long-term value creation through strategic financial planning, capital allocation, and mergers and acquisitions.

Key Points: 
  • CHICAGO, April 4, 2024 /PRNewswire/ -- Relativity , a global legal technology company, today announced the appointment of Kirk Larsen as Chief Financial Officer (CFO), effective April 16.
  • Before joining Relativity, Larsen was President and CFO at Black Knight, Inc., a software, data and analytics company that serves the housing finance continuum.
  • "Kirk has cultivated a unique skillset to propel technology companies to unprecedented levels of success," said Phil Saunders, CEO of Relativity.
  • As CFO, Larsen will be responsible for spearheading the financial management and strategic planning for Relativity, overseeing the organization's finance and accounting functions.

FirstClose Equity's™ Order Management Module Now Available to Encompass® Users

Retrieved on: 
Thursday, March 14, 2024
Running, Sandy Spring Bank, ICE, Intercontinental Exchange, Marketplace, API, Unified school district, Security (finance)

AUSTIN, Texas, March 14, 2024 /PRNewswire/ -- FirstClose, Inc., a leading fintech provider of data and workflow solutions for mortgage and home equity lenders nationwide, announced today that its home equity settlement services ordering module within FirstClose Equity is now available in Encompass leveraging the latest API integration framework from Intercontinental Exchange (ICE). This modern framework enables industry participants to integrate with ICE solutions and provide their services to loan originators and servicers through secure API-enabled technology.

Key Points: 
  • This modern framework enables industry participants to integrate with ICE solutions and provide their services to loan originators and servicers through secure API-enabled technology.
  • FirstClose Equity's order management module is a loan-centric platform that streamlines the ordering and management of settlement services including flood certifications, property condition reports, title insurance, automated valuation models (AVMs), desktop valuations, hybrid and full appraisals, among other things.
  • "With this API integration, an Encompass user can be up and running on our order management module within a matter of weeks."
  • The new FirstClose Equity module replaces the existing FirstClose ONE product and is currently in limited release with a handful of pilot customers, including Mascoma Bank and Sandy Spring Bank.

Lender Price Wins ICE Lenders' Choice Award for Innovative Service Provider

Retrieved on: 
Wednesday, March 13, 2024
Intercontinental Exchange, ICE, Wynn Las Vegas, Ecosystem, Creditor, Real estate

PASADENA, Calif., March 13, 2024 /PRNewswire-PRWeb/ -- Lender Price has been awarded the 2024 ICE Lenders' Choice Award for Innovative Service Provider by the mortgage technology division of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data.

Key Points: 
  • PASADENA, Calif., March 13, 2024 /PRNewswire-PRWeb/ -- Lender Price has been awarded the 2024 ICE Lenders' Choice Award for Innovative Service Provider by the mortgage technology division of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data.
  • Lender Price received the ICE Lenders' Choice Award for enabling lenders to simplify the management of loan programs and secondary market functions with a secure and event-driven integration with the ICE mortgage technology platform.
  • Lender Price received the ICE Lenders' Choice Award for enabling lenders to simplify the management of loan programs and secondary market functions with a secure and event-driven integration with the ICE mortgage technology platform.
  • Lender Price will be recognized during the ICE Experience 2024 conference being held March 18-20, 2024, at Wynn Las Vegas.

Intercontinental Exchange Reports February 2024 Statistics

Retrieved on: 
Tuesday, March 5, 2024
Professional Services, Oil, Gas, Agriculture, Natural Resources, Energy, Finance, Banking, Interest, Total, ADV, Intercontinental Exchange, ICE, Intercontinental, TotalEnergies, OI, WTI, Natural gas, Monthly, Yoy, Metal, Cardboard

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
Professional Services, Data Analytics, Residential Building & Real Estate, Finance, Construction & Property, Fintech, Intercontinental Exchange, ICE, Intercontinental, MBS, FHA, Housing, Real estate

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
Data Management, Banking, Technology, Professional Services, Data Analytics, Software, Artificial Intelligence, Networks, Audio, Video, Fintech, Finance, System, Human voice, Connexus, Intercontinental Exchange, IPC, ICE, Intercontinental, API, Human, IPC Systems, Workflow, Mobile phone

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
Banking, Professional Services, Finance, FCA, ICE, Intercontinental, Intercontinental Exchange, Legislation, Cryptocurrency

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.

Bakkt Announces $40 Million Registered Direct Offering with Institutional Investors and $10 Million Concurrent Registered Direct Offering

Retrieved on: 
Thursday, February 29, 2024
Finance, Data Analytics, Cryptocurrency, Professional Services, Asset Management, Attention, 4th floor, Prospectus, Bakkt, Telephone, Intercontinental Exchange, ICE, Sale, Exercise, Equity capital markets, Form, Keefe, Bruyette & Woods, Security (finance)

The purchase price of each share of Class A common stock and accompanying warrant is $0.8670 (or $0.8669 per pre-funded warrant and accompanying warrant).

Key Points: 
  • The purchase price of each share of Class A common stock and accompanying warrant is $0.8670 (or $0.8669 per pre-funded warrant and accompanying warrant).
  • The Third-Party Offering is expected to close on March 4, 2024, subject to customary closing conditions.
  • Each investor will receive 50% of its non-prefunded warrants in Class 1 warrants and the other 50% in Class 2 warrants.
  • Bakkt intends to use the net proceeds from the offerings primarily for working capital and other general corporate purposes.