Intercontinental Exchange

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
Professional Services, Data Management, Technology, Finance, Fintech, Networks, Sale, Exchange offer, European Economic Area, NYSE, Solicitation, CUSIP, BK, Debt-to-GDP ratio, Intercontinental, Note, Exchange, Expiration, Person, Intercontinental Exchange, SEC Rule 144A, Regulation, ICE, Expiration date, Security (finance)

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
Banking, Professional Services, Finance, NYSE, Club, Intercontinental Exchange Futures, Paper, Ecosystem, International Marxist Group, Intercontinental, Documentation, Intercontinental Exchange, Legislation, ICE, Mobile phone

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
Data Analytics, Finance, Asset Management, Artificial Intelligence, Data Management, Professional Services, Technology, Fintech, WTI, NYSE, TotalEnergies, TTF, Monthly, Intercontinental, SONIA, Metal, Intercontinental Exchange, That Total Age, Total, ADV, Yoy, OI, ICE, 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 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
Professional Services, Data Management, Other Professional Services, Technology, Other Technology, Software, Finance, PennyMac Financial Services, Intercontinental, SSE, Acquisition, NYSE, Black Knight, Intercontinental Exchange, ICE

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
Finance, Banking, Professional Services, Residential Building & Real Estate, Construction & Property, Sale, Wynn Las Vegas, Intercontinental, NYSE, Enterprise, Intercontinental Exchange, FHA, ICE, Credit, Q3

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.

Enterprise and ONEOK Extend Terminal Transfer Fee Waiver for ICE Midland WTI (HOU) Crude Deliveries to the End of 2025

Retrieved on: 
Monday, December 4, 2023
Finance, Oil, Gas, Banking, Energy, Professional Services, HOU, MEH, Delivery, NYSE, Gasoline, ONEOK, ECHO, Rest, ADP, Intercontinental, Enterprise Products, EFP, EPD, Intercontinental Exchange, ICE

HOU futures had a record third quarter in 2023 with 672,681 contracts traded, with record average daily volume of 10,677 contracts.

Key Points: 
  • HOU futures had a record third quarter in 2023 with 672,681 contracts traded, with record average daily volume of 10,677 contracts.
  • Each month, the HOU futures contract delivers approximately 5 million barrels of Midland WTI-quality crude.
  • HOU has delivered approximately 71 million barrels of Midland WTI-quality crude since early 2022.
  • Midland WTI crude oil also became deliverable into Dated Brent and the rest of the Brent complex earlier this year.

Intercontinental Exchange Chair & CEO Jeffrey C. Sprecher to Present at the Goldman Sachs U.S. Financial Services Conference on December 5

Retrieved on: 
Tuesday, November 21, 2023
Networks, Data Analytics, Finance, Banking, Data Management, Professional Services, Technology, Fintech, Webcast, Intercontinental, NYSE, Conference, Chair, Intercontinental Exchange, Goldman Sachs, ICE, Cryptocurrency

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, 2022, as filed with the SEC on February 2, 2023.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, announced today that Jeffrey C. Sprecher, Chair and CEO, will present at the Goldman Sachs U.S. Financial Services Conference.
  • The presentation will take place on Tuesday, December 5 at 1:40 pm 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/ .

The New York Stock Exchange and the Abu Dhabi Securities Exchange Agree to Memorandum of Understanding for Business Collaboration

Retrieved on: 
Thursday, November 16, 2023
Professional Services, Data Management, Technology, Software, Finance, Networks, Fintech, New York Stock Exchange, NYSE, Investment, Abu Dhabi Securities Exchange, ETF, Intercontinental Exchange, Growth, ADX, MOU, ICE, Security (finance)

The NYSE and ADX will also explore opportunities to develop ETFs and data and index products, as well as collaborate on sustainability-related initiatives.

Key Points: 
  • The NYSE and ADX will also explore opportunities to develop ETFs and data and index products, as well as collaborate on sustainability-related initiatives.
  • The MOU also builds on ICE’s broader commitment to the region, including its collaboration with Abu Dhabi National Oil Company to launch ICE Futures Abu Dhabi in 2021.
  • The agreement between the NYSE and ADX was signed today by John Tuttle, Vice Chair of the New York Stock Exchange and President of the NYSE Institute, and Abdullah Salem Alnuaimi, Chief Executive Officer at the Abu Dhabi Securities Exchange.
  • “The New York Stock Exchange is pleased to sign this memorandum of understanding with the Abu Dhabi Securities Exchange, bringing together two dynamic, global organizations to drive innovation and growth in our markets,” said John Tuttle, Vice Chair of the New York Stock Exchange and President of the NYSE Institute.

Unchained Partners with Bakkt to Expand its Collaborative Custody Network for Bitcoin

Retrieved on: 
Wednesday, November 15, 2023
Banking, Technology, Professional Services, Security, Other Technology, Software, Cryptocurrency, Internet, Fintech, Mobile, Wireless, Finance, Risk management, NYDFS, Hacks, Intercontinental Exchange, Partnership, SOC, Failure, ICE, Bakkt, Unchained

Unchained, the leading financial services provider for bitcoin holders, today announced that Bakkt has agreed to join its network of collaborative custody partners.

Key Points: 
  • Unchained, the leading financial services provider for bitcoin holders, today announced that Bakkt has agreed to join its network of collaborative custody partners.
  • With the addition of Bakkt, Unchained’s collaborative custody network is the largest available for institutional investors, corporate treasuries, governments, and retail products.
  • For institutions and businesses, Unchained’s collaborative custody network introduces an entirely new model for securing their bitcoin treasury.
  • Our collaborative custody network is therefore a critical part of the industry’s infrastructure, and we’re glad to have Bakkt be a part of it.”
    The addition of Bakkt to Unchained’s collaborative custody network further expands the options clients have when building a vault with Unchained’s multi-signature custody offering.

S&P Global Commodity Insights' Fertecon Ammonia Benchmarks Selected As Basis For ICE Futures Contract

Retrieved on: 
Thursday, November 9, 2023
Pressure, NYSE, CFR, Intercontinental Exchange, Nitrogen, Sandell, Ammonia, Publication, ICE, Iron ore, Risk management, S&P Global Commodity Insights

NEW YORK, Nov. 9, 2023 /PRNewswire/ -- The Platts Fertecon spot physical price assessment of ammonia delivered to Northwest Europe on a cost and freight basis (CFR NWE Ammonia) was selected by Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, as the basis for a new ammonia futures contract. Platts and Fertecon are part of S&P Global Commodity Insights, the leading independent provider of information, analysis, data and benchmark prices for commodities, energy and energy transition markets.

Key Points: 
  • Platts and Fertecon are part of S&P Global Commodity Insights, the leading independent provider of information, analysis, data and benchmark prices for commodities, energy and energy transition markets.
  • The new ICE ammonia futures contract will financially settle against the Platts Fertecon weekly price of anhydrous ammonia (of 82% nitrogen and transported as a liquid under pressure at approximately -33°Celcius) as delivered duty-paid or duty-free on a cost and freight basis to Northwest Europe.
  • Fertecon is well known for half a century for its benchmark status in fertilizer-based price assessments such as ammonia.
  • In addition to the futures contract based on the Platts Fertecon Ammonia price assessments, ICE will also be launching spread derivatives that are based on three Platts spot physical price differentials assessments for Fuel Oil and Oil:
    The Platts and Platts Fertecon price assessments, licensed by ICE, appear in S&P Global Commodity Insights publications and services, including Ammonia Market Report.