Intercontinental Exchange, Inc. (ICE) has seen significant action by a multitude of financial firms, with various entities such as
Sanctuary Advisors, Geode Capital Management, Coldstream Capital Management, and M&T Bank Corp raising their positions, while others like
Franklin Resources affirm their substantial stock holdings. A positive pricing forecast by
Brokerages set ICE's price target at $175.07, alongside Barclays issuing an uplifting forecast for ICE's share price. ICE has recently reported
record trading volumes and record figures in their Q3, even amid facing a $10 million penalty over a cyber intrusion. The institution has seen growth in energy trading and launched innovative solutions such as
MSCI MarketAxess Tradable Corporate Bond Index futures, Japanese Power Futures, long EU bond index futures and also started a bond index futures as demand hits an all-time high. The firm reported back-to-back records in
October (highest volume month - 209 million contracts traded) and
November (20 million barrels of Midland WTI crude delivered). An interesting development is the launch of
used cooking oil futures contract to meet rising biofuel demand, among other strategic initiatives.
Intercontinental Exchange ICE News Analytics from Wed, 17 Apr 2024 07:00:00 GMT to Sat, 14 Dec 2024 11:13:27 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -4
