Intercontinental Exchange

The New York Stock Exchange Leads Industry in Transfers for a Second-Straight Year, Reports Major Technology and Community Milestones

Retrieved on: 
Monday, December 18, 2023

The exchange reported 32 listing transfers in 2023, the second-highest total since 2002, bringing $120 billion in new market capitalization to the exchange.

Key Points: 
  • The exchange reported 32 listing transfers in 2023, the second-highest total since 2002, bringing $120 billion in new market capitalization to the exchange.
  • Of those, 20 were operating companies, nearly triple the number of operating companies transferring to competing exchanges.
  • Notably, the median market capitalization for all transfers to the NYSE was five times larger than those to other exchanges.
  • In addition to Fiserv, Expeditors International of Washington (NYSE: EXPD) and Coherent (NYSE: COHR) ranked among those moving their listings to the NYSE.

ICE Reports Record Total Futures and Options Open Interest of 86 Million Contracts

Retrieved on: 
Friday, December 15, 2023

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that its global futures and options markets reached record open interest of 86 million contracts on December 13, 2023, surpassing the record last set on June 10, 2021.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that its global futures and options markets reached record open interest of 86 million contracts on December 13, 2023, surpassing the record last set on June 10, 2021.
  • The record depth of liquidity includes record open interest across ICE’s global commodity futures and options markets of 57.5 million, record open interest of 52.7 million across ICE’s global energy futures and options markets, and record open interest of approximately 20 million contracts across ICE’s natural gas futures markets.
  • Open interest across ICE’s commodity and energy futures and options markets is up 21% year-over-year.
  • ICE’s global oil complex covers over 700 futures and options contracts, centered around ICE Brent which is used to price over three quarters of the world’s internationally traded crude oil and is the most liquid crude oil futures and options market in the world.

MSP® Loan Servicing System from ICE Now Offering Automated Lien Release Functionality

Retrieved on: 
Thursday, December 14, 2023

Intercontinental Exchange (NYSE: ICE) a leading global provider of data, technology, and market infrastructure, announced that its MSP® loan servicing system now features the ability for the automated release of the lien once a mortgage has been paid off.

Key Points: 
  • Intercontinental Exchange (NYSE: ICE) a leading global provider of data, technology, and market infrastructure, announced that its MSP® loan servicing system now features the ability for the automated release of the lien once a mortgage has been paid off.
  • The new Automated Lien ReleaseSM (ALR) capability integrated with MSP combines document creation and automated workflows into one solution and routes lien release packages for eSigning and eRecording, adhering to local regulations for the more than 2,500 U.S. counties where eRecording is available.
  • “Automated Lien Release is a great example of the capabilities that can be quickly brought to market to help usher U.S. housing finance forward.
  • Automated Lien Release is already available to users on the MERS® System and has been helping members electronically sign and notarize documents independent of their servicing system.

ICE and Blockstream Add Cryptocurrency Options Data to Joint Crypto Offering on the ICE Consolidated Feed

Retrieved on: 
Thursday, December 14, 2023

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology and market infrastructure, and Blockstream, a leader in blockchain technologies and financial cryptography, today announced the addition of cryptocurrency options data to the Cryptocurrency Data Feed offered via the ICE Consolidated Feed.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology and market infrastructure, and Blockstream, a leader in blockchain technologies and financial cryptography, today announced the addition of cryptocurrency options data to the Cryptocurrency Data Feed offered via the ICE Consolidated Feed.
  • Launched by ICE and Blockstream in 2018, the Cryptocurrency Data Feed offers real-time cryptocurrency information and includes data on over 100 cryptocurrencies from more than 30 globally sourced venues and exchanges.
  • “We are pleased to continue working with Blockstream to help address the growing need for transparency and offer a comprehensive view of the market via the ICE Cryptocurrency Data Feed.”
    ICE works closely with Blockstream to aggregate cryptocurrency data from multiple sources into a rich and easily consumable data feed.
  • The Cryptocurrency Data Feed is designed to enable ICE Data Services’ customers to receive global market data in a streaming feed with comprehensive cryptocurrency information.

The Granular Certificate Trading Alliance, Led by LevelTen Energy and in Collaboration with AES, Constellation, Google, and Microsoft, Forms to Build a Critical Solution, with ICE, to Decarbonize the Grid

Retrieved on: 
Thursday, December 14, 2023

As the solution scales, it will accelerate the energy transition by helping to decarbonize electric grids.

Key Points: 
  • As the solution scales, it will accelerate the energy transition by helping to decarbonize electric grids.
  • View the full release here: https://www.businesswire.com/news/home/20231214579198/en/
    Corporate clean energy procurements have skyrocketed over the past 10 years, making annual commitments to match consumption with 100% renewable energy commonplace.
  • However, annual EACs come with an inherent challenge: incentivizing carbon-free energy production during dark or windless hours in the absence of an hourly market signal.
  • LevelTen Energy: “The GC Trading Alliance is tackling the next challenge for the energy transition, which is driving carbon-emitting resources off the grid at all hours.

Intercontinental Exchange, Inc. Announces Expiration of Exchange Offer for Black Knight InfoServ, LLC’s Outstanding 3.625% Senior Notes due 2028

Retrieved on: 
Monday, December 11, 2023

Intercontinental Exchange, Inc. (NYSE: ICE) (“ICE”) announced today the expiration of the previously announced private exchange offer (the “Exchange Offer”) and related consent solicitation (the “Consent Solicitation”) made by ICE with respect to the 3.625% Senior Notes due 2028 (CUSIP: 092174AA9 / U0921BAA6) (the “BK Notes”) issued by Black Knight InfoServ, LLC, a wholly owned subsidiary of ICE.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE: ICE) (“ICE”) announced today the expiration of the previously announced private exchange offer (the “Exchange Offer”) and related consent solicitation (the “Consent Solicitation”) made by ICE with respect to the 3.625% Senior Notes due 2028 (CUSIP: 092174AA9 / U0921BAA6) (the “BK Notes”) issued by Black Knight InfoServ, LLC, a wholly owned subsidiary of ICE.
  • The Exchange Offer and Consent Solicitation expired at 5:00 p.m., New York City time, on December 8, 2023 (the “Expiration Date”).
  • No BK Notes will be exchanged by ICE for any notes of ICE, and the BK Notes previously tendered in the Exchange Offer will be promptly returned to the tendering holders.
  • No consideration will be paid or become payable to holders who validly tendered BK Notes in the Exchange Offer.

ICE Announces Approval of Electronic Trade Document Solution for the Delivery of Commodities Globally

Retrieved on: 
Friday, December 8, 2023

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that its ICE CargoDocs Local Law electronic bill of lading solution has received approval by global shipping insurance body, the International Group of Protection & Indemnity Clubs (IG P&I), helping accelerate ICE’s work to replace paper-based trade delivery documentation with electronic documents.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that its ICE CargoDocs Local Law electronic bill of lading solution has received approval by global shipping insurance body, the International Group of Protection & Indemnity Clubs (IG P&I), helping accelerate ICE’s work to replace paper-based trade delivery documentation with electronic documents.
  • IG P&I represents the 12 Clubs providing marine liability cover for 90% of the world’s ocean-shipped tonnage.
  • ICE CargoDocs enables physical trade and supply chain participants to digitize the entire lifecycle of key title and supporting documents used in domestic and international trade and trade finance.
  • ICE CargoDocs is provided by ICE Digital Trade which digitizes complex, fragmented, and paper-based processes, bringing increased transparency and collaboration across the many different participants involved in the physical delivery of commodities.

Intercontinental Exchange Reports November 2023 Statistics

Retrieved on: 
Tuesday, December 5, 2023

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 data, technology and market infrastructure, today reported November 2023 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 25% y/y; open interest (OI) up 9% y/y
    Energy ADV up 29% y/y; OI up 19% y/y, including record OI of 52.6M lots on November 23
    Total Oil ADV up 21% y/y; OI up 31% y/y
    Brent ADV up 13% y/y; OI up 19% y/y
    WTI ADV up 38% y/y; OI up 62% y/y
    Gasoil ADV up 29% y/y; OI up 42% y/y
    Other crude and refined products ADV up 38% y/y; OI up 36% y/y
    Total natural gas ADV up 46% y/y; OI up 20% y/y, including record futures OI of 19.9M lots on November 24
    North American gas ADV up 35% y/y; OI up 16% y/y
    TTF gas ADV up 110% y/y; OI up 79% y/y
    Asia gas ADV up 83% y/y; OI up 33% y/y
    Total Ags & Metals OI up 20% y/y, including record OI of 4.9M lots on November 2
    Cocoa ADV up 4% y/y; OI up 73% y/y, including record OI of 1.8M lots on November 29
    SONIA ADV up 78% y/y; OI up 42% y/y

ICE Awarded $155 Million For PennyMac Misuse of Black Knight Confidential Information in Mortgage Servicing Software

Retrieved on: 
Tuesday, December 5, 2023

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: 
  • The arbitrator awarded more than $155 million dollars, plus interest and attorneys’ fees to Black Knight based on PennyMac’s conduct.
  • PennyMac is a former client of Black Knight, and ICE completed its acquisition of Black Knight in September 2023.
  • The arbitrator determined that in developing its SSE software, PennyMac incorporated confidential information from Black Knight’s MSP system and breached its contract with Black Knight with respect to such confidential information.
  • ICE will continue to seek the robust protections afforded to trade secrets and confidential information under federal and state law, including in products developed using its confidential information.

ICE Mortgage Monitor: Equity Withdrawals Rose Slightly in Q3 2023, but High Interest Rates Are Compressing Usage by 55%

Retrieved on: 
Monday, December 4, 2023

Rising home prices, though cooling in recent months, have returned total tappable equity to near its 2022 peak.

Key Points: 
  • Rising home prices, though cooling in recent months, have returned total tappable equity to near its 2022 peak.
  • “Despite the resurgence in tappable equity among U.S. mortgage holders, elevated interest rates are making homeowners reluctant to extract that wealth,” Walden said.
  • “Indeed, in recent quarters, equity withdrawal rates have been running at less than half their long-run averages.
  • Mortgage holders extracted a mere 0.41% of tappable equity available at the beginning of Q3.