|Bid||92.54 x 1200|
|Ask||92.47 x 1000|
|Day's Range||92.06 - 93.90|
|52 Week Range||69.69 - 95.55|
|Beta (3Y Monthly)||0.35|
|PE Ratio (TTM)||26.13|
|Forward Dividend & Yield||1.10 (1.18%)|
|1y Target Est||N/A|
Intercontinental Exchange has a relative strength line up sharply as it got support at its 50-day line and stands just 1% off its highs.STOCK MARKET TODAY is sponsored by Interactive Brokers. To open an account, go to ibkr.com/whyib
The European Union should provide clarity on when it will intervene in a foreign clearing house for derivatives to avoid potentially impeding cross-border co-ordination among supervisors, a senior U.S. regulator said on Thursday. Dawn Stump, a commissioner at the U.S. Commodity Futures Trading Commission, said the EU should put more trust in the home regulators of foreign clearing houses or central counterparties (CCPs) that serve customers from the bloc. "We must acknowledge that no single regulator is capable of overseeing markets in every corner of the world," Stump told a conference held by global derivatives industry body ISDA.
Georgia Power has picked another Atlanta-area CEO for its board of directors with the addition of Bakkt CEO Kelly L. Loeffler. Bakkt, a subsidiary of Intercontinental Exchange Inc. (NYSE: ICE), is a regulated global ecosystem designed to enable custody, markets and use cases for digital assets such as cryptocurrency. "Working in the financial services sector for the last two decades, Kelly played a significant role in the early stages of ICE and through that responsibility has been specifically involved in investing and trading within the energy sector and carbon markets.
(Bloomberg Opinion) -- London Stock Exchange Group Plc left gatecrashers a window of only a few months to try to break up its $27 billion takeover of data provider Refinitiv. Hong Kong Exchanges and Clearing Ltd. has moved fast and first with a potential bid for LSE worth 30 billion pounds ($37 billion). On the surface its proposal is better than the LSE’s own deal, but the path to a firm offer from Hong Kong that runs all the way to completion is fraught with uncertainty.LSE’s agreement to buy Refinitiv (which competes with Bloomberg LP, the parent of Bloomberg News) has forced the hand of anyone who wants to buy the London bourse. If LSE’s shareholders approve the Refinitiv deal, the British company will become too big a target. With the vote on that transaction due by the end of 2019, any auction among LSE bidders would have to happen this year.Of course, investors liked the Refinitiv deal. LSE’s shares rose 20% afterwards. That gain reflected both the probable value creation from a tie-up and the possibility of an approach from an interloper stung into action, such as the one that’s just arrived from Hong Kong.But a bidder doesn’t have to offer a huge premium on top of where LSE shares are now. The real benchmark for a bid is where the LSE shares were trading before its offer for Refinitiv. The choice now for the LSE’s board and shareholders is between a future reaping synergies from Refinitiv or being taken over by another exchange and taking an upfront premium.A suitor therefore just has to offer more value than what comes from the Refinitiv deal, with comparable certainty. HKEX is certainly trying hard. Its cash and stock proposal is worth nearly 84 pounds per LSE share based on its last closing price. That’s almost 50% higher than where LSE was trading in July before the Refinitiv deal. It’s also 23% above where LSE was trading yesterday. These are serious numbers.That said, the proposal is only one-quarter in cash. Investors therefore need to believe that the long-term investment case for an Anglo-Asian tie-up is stronger than that for the LSE-Refinitiv combination. HKEX’s ownership of London Metal Exchange hasn’t been an unmitigated success. The company argues that its LSE bid could let shareholders capture capital market opportunities from a rising China. That alternative growth story may be persuasive.The odd aspect is HKEX’s tactics in making its proposal public without any evident support from LSE. The target has said cautiously that it will weigh the approach, while noting it was a long way from being fully baked. But HKEX’s decision to reveal its hand, however warm, isn’t altogether friendly. It’s designed both to show commitment and to put pressure on the LSE’s board to engage. Stock exchanges are – rightly or wrongly – national treasures. It’s hard to imagine a hostile bid succeeding so Hong Kong will somehow need to bring LSE management onside.That dovetails with the political considerations. The LSE deal with Refinitiv would create a London-based global exchange and data powerhouse. Hong Kong is proposing a straight takeover. There are questions too over the territory’s future as a financial center after the recent protests. And while the LSE may not be cheap on financial metrics – the proposal values it at 26 times expected Ebitda – this might be seen as the ultimate Brexit grab of a prize U.K. asset.These considerations leave the LSE vulnerable to other bids too. The obvious candidate is Intercontinental Exchange Inc of the U.S. Watch this space.To contact the author of this story: Chris Hughes at email@example.comTo contact the editor responsible for this story: James Boxell at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Readers hoping to buy Intercontinental Exchange, Inc. (NYSE:ICE) for its dividend will need to make their move...
CFO of Intercontinental Exchange Inc (30-Year Financial, Insider Trades) Scott A Hill (insider trades) sold 38,305 shares of ICE on 09/04/2019 at an average price of $94.03 a share. Continue reading...
(Bloomberg) -- Intercontinental Exchange Inc. is closer to offering Bitcoin futures trading as its Bakkt unit opens its digital-asset custody warehouse today to customers. Here are the nuts and bolts of how it will work.Once the futures begin trading on Sept. 23, actual Bitcoin can be acquired by going long in the one-day or 30-day contract and holding to delivery.Trades will occur on ICE Futures U.S.Clearing is through ICE Clear U.S.Custody is handled by Bakkt Trust Co., which received a charter from the New York State Department of Financial Services last month to hold customer tokens. This warehouse will move Bitcoins from short positions to long positions at expiration, resulting in actual delivery of Bitcoin.The early opening of the warehouse is meant to allow customers to move Bitcoin in and out of their accounts to become comfortable with the process prior to Sept. 23.Both futures contracts will be margined, meaning there’s no need for users to pre-fund their trading accounts or collateralize them at 100% as was previously envisioned by ICE.ICE hopes the futures will create price discovery for Bitcoin apart from any cash market influence, as the company has cited abuse and manipulation in spot Bitcoin trading. Whether that will come from the one-day or 30-day contract is yet to be seen.It’s rare in the futures world for a company to act as exchange, clearinghouse and settlement authority; this last part delayed ICE’s plans for months as it sought the NYDFS approval to become a trust.This is not the first Bitcoin futures contract, but the first to offer physical delivery. CME Group and Cboe Markets have both offered Bitcoin futures that are cash-settled. Cboe discontinued its contract. Read More: Buying Your Starbucks Fix With Bitcoin Is Now Closer to RealityTo contact the reporter on this story: Matthew Leising in Los Angeles at email@example.comTo contact the editors responsible for this story: Michael J. Moore at firstname.lastname@example.org, Dave Liedtka, Rita NazarethFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The U.S. Commodity Futures Trading Commission gave the green light to launch the company. "With approval by the New York State Department of Financial Services to create Bakkt Trust Company, a qualified custodian, the Bakkt Warehouse will custody bitcoin for physically delivered futures," she said. Guy Hirsch, managing director of eToro U.S., said Bakkt’s clearance to launch not only signals imminent institutional participation in crypto markets, but a new level of understanding and approval from regulators — specifically the New York Department of Financial Services.
CEO of Intercontinental Exchange Inc (30-Year Financial, Insider Trades) Jeffrey C Sprecher (insider trades) sold 40,000 shares of ICE on 08/21/2019 at an average price of $92.41 a share. Continue reading...
DeFi is more of a concept than a specific thing. It's a loose collection of ideas popular among the crypto crowd to reshape banking, lending, and derivatives.
Bakkt Trust Co LLC has been granted a license to operate as a limited liability trust company, the New York State Department of Financial Services said on Friday. Bakkt is a cryptocurrency platform affiliate of Intercontinental Exchange Inc, which also owns the New York Stock Exchange. A trust company is technically different from a bank in New York but can take deposits and make loans, and act as an agent for government bodies.
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...
The Intercontinental Exchange (ICE), an exchange operator, will acquire a family of fixed income volatility indices, including Merrill Lynch’s Option Volatility Estimate (MOVE) to improve client risk management. “The MOVE Index has a long history of providing strong signals about bond market sentiment, and we’re excited to have it become part of our portfolio of fixed income indices,” said ICE Data Services President and COO Lynn Martin. The MOVE Index is a measure of volatility in U.S. interest rates.
The fight between brokers and exchanges around fees and access to trading information has moved from stock exchange floors to data center rooftops. A move by the New York Stock Exchange to install microwave equipment on the roof of its data center to speed up data transmissions is "anti-competitive" and could result in higher trading costs, trading firm Virtu Financial said in a letter to the U.S. Securities and Exchange Commission. Virtu opposed the NYSE's plan because it would allow only one wireless provider - chosen by the exchange - to locate an antenna on the rooftop of the exchange operator's Mahwah, New Jersey, data center, due to "resource and engineering constraints," according to the letter, which was posted to the SEC's website on July 25.
Intercontinental Exchange (ICE) Q2 reflects strength in global energy business and compounding growth in subscription-based Data & Listings business.