ICE Announces That a Record 27,876 MICRO NYSE FANG+™ Index Futures Traded on January 4
January 06 2022 - 7:00AM
Business Wire
Intercontinental Exchange, Inc. (NYSE:ICE), a leading global
provider of data, technology, and market infrastructure, today
announced that a record 27,876 Micro NYSE FANG+™ Index futures
traded on January 4, 2022.
“2021 was a remarkable year for the U.S. technology sector and
there has been a lot of attention on the FAANG stocks and the NYSE
FANG+™ Index, including the recent addition of Microsoft® stock to
the index,” said David Goone, Chief Strategy Officer at ICE. “It is
great to see that 2022 has started with such strong activity in our
MICRO NYSE FANG+™ Index futures, showing the continued importance
of these stocks to the investor community.”
MICRO NYSE FANG+™ Index futures are based on ICE’s NYSE FANG+™
Index, an equal-dollar weighted index which provides exposure to 10
highly-traded technology and tech-related companies. The current
stock constituents of the index are: Alibaba®, Amazon®, Apple®,
Baidu®, Facebook® (Meta Platforms), Google® (Alphabet), Microsoft®,
Netflix®, NVIDIA®, and Tesla®. The NYSE FANG+™ Index has
consistently outperformed many other indices, producing an
annualized gross total return of 31.93% from September 19, 2014 to
December 31, 2021*.
To provide greater flexibility, cost efficiency and
accessibility for a wider range of participants, ICE reduced the
notional value of the MICRO NYSE FANG+™ Index futures contract in
September 2020 by one tenth to a notional value of approximately
$35,000 and saw steady growth in market participation in the
contract throughout 2021.
For more information about MICRO NYSE FANG+™ Index futures,
visit https://www.theice.com/fangplus.
*The NYSE FANG+™ Index launched on September 26, 2017. Prior
performance (September 19, 2014 to September 25, 2017) is based
upon back tested index calculations.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune
500 company that designs, builds and operates digital networks to
connect people to opportunity. We provide financial technology and
data services across major asset classes that offer our customers
access to mission-critical workflow tools that increase
transparency and operational efficiencies. We operate
exchanges, including the New York Stock Exchange, and
clearing houses that help people invest, raise capital and
manage risk across multiple asset classes. Our comprehensive fixed
income data services and execution capabilities provide
information, analytics and platforms that help our customers
capitalize on opportunities and operate more efficiently. At ICE
Mortgage Technology, we are transforming and digitizing the
U.S. residential mortgage process, from consumer engagement through
loan registration. Together, we transform, streamline and automate
industries to connect our customers to opportunity.
Any product names, logos, brands, and other trademarks or images
referred to in this press release are the property of their
respective trademark holders.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its
affiliates is located here. Key
Information Documents for certain products covered by the EU
Packaged Retail and Insurance-based Investment Products Regulation
can be accessed on the relevant exchange website under the heading
“Key Information Documents (KIDS).”
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, 2020, as
filed with the SEC on February 4, 2021.
Apple® is a registered trademark of Apple, Inc. Facebook® is a
registered trademark of Facebook, Inc. Meta™ is a trademark of
Facebook, Inc. Amazon® is a registered trademark of Amazon
Technologies, Inc. Netflix® is a registered trademark of Netflix,
Inc. Google® is a registered trademark of Google, Inc. Alibaba® is
a registered trademark of Alibaba Group Holding Limited. Baidu® is
a registered trademark of Baidu, Inc. Nvidia® is a registered
trademark of Nvidia Corporation. Tesla® is a registered trademark
of Tesla, Inc. Microsoft® is a registered trademark of Microsoft
Corporation. None of the foregoing entities are affiliated with,
endorsed by, or sponsored by Intercontinental Exchange, Inc. or any
of its subsidiaries or affiliates. The inclusion of entity names in
this press release does not evidence a relationship with any of
those entities in connection with the NYSE® FANG+™ Index nor does
it constitute an endorsement or sponsorship by any of those
entities of the NYSE® FANG+™ Index or this press release.
ICE- CORP Source: Intercontinental Exchange
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version on businesswire.com: https://www.businesswire.com/news/home/20220106005442/en/
ICE Media Contact: Rebecca Mitchell
rebecca.mitchell@ice.com +44 7951 057 351 ICE Investor
Contact: Mary Caroline O’Neal marycaroline.oneal@ice.com (770)
738-2151
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