Intercontinental Exchange (ICE) witnessed several significant happenings as per recent updates. ICE reached a historic milestone in global energy markets, launching the world's first Murban Crude Futures Contracts on their new exchange in Abu Dhabi. This impacts the future of energy trading and bolsters ICE's standing in this domain. Besides, ICE marked the closure of the New York Stock Exchange (NYSE) on January 9 to honor the passing of Former President Jimmy Carter on the National Day of Mourning. Amid this, ICE has experienced a reduction in short interest by 9.1% in December. Plans to establish a national headquarters for its mortgage technology division in Jacksonville were also announced. Additionally, investors who poured money into ICE five years ago enjoyed a 74% return. A pay-out of a dividend is also on the cards. While ICE's profit met estimates, strong trading offset higher expenses. In terms of deals, ICE announced a $173 million expansion in Jacksonville and reported strong Q3 statistics. Looking ahead, ICE's stock has gained 22% YTD, and the launch of a used cooking oil futures contract with Fastmarkets will address rising biofuel demand.
Intercontinental Exchange ICE News Analytics from Wed, 17 Apr 2024 07:00:00 GMT to Sat, 04 Jan 2025 10:49:50 GMT -
Rating 7
- Innovation 6
- Information 9
- Rumor 7
