Intercontinental Exchange, Inc. (NYSE: ICE), a leading global
provider of data, technology, and market infrastructure, and home
to the most liquid markets for trading FTSE® derivatives, today
announced that it plans to launch a FTSE® 100 Index Total Return
Future (TRF) on November 14, 2022, subject to regulatory
approval.
The ICE FTSE® 100 Index TRF seeks to replicate the theoretical
returns on a FTSE® 100 index total return swap in a more
cost-efficient and transparent way, allowing participants to manage
or gain exposure to the FTSE® 100 index, including its market and
dividend risk, without owning the cash underlying.
The TRF contract enhances ICE’s FTSE® Index franchise, which
offers the largest pool of FTSE® derivative open interest globally
at a notional equivalent of more than £180 billion, and a
participant base of more than 170 companies across 17
countries.
ICE offers futures and options on the FTSE® 100, FTSE® 250 and
FTSE® 100 Dividend Index, providing a set of tools to measure the
performance of all capital and industry segments of the U.K. equity
market. ICE FTSE® futures are approved by the U.S. Commodity
Futures Trading Commission and can be traded directly by U.S.-based
market participants.
“ICE's relationship with FTSE Russell has spanned more than
three and a half decades and we are delighted to now expand our
FTSE markets with the introduction of the TRF,” said Caterina
Caramaschi, VP, Financial Derivatives. “The U.K. market is firmly
in focus with our customers who want to gain or manage exposure to
the U.K. economy, and with the TRF, customers can benefit from the
existing liquidity across ICE’s FTSE-linked product portfolio as
well as the margin offsets available.”
Since the start of 2022, average daily volume across ICE's FTSE®
complex is up 8% at approximately 183,600 contracts, while open
interest is up 12% at approximately 2.7 million contracts.
“We’re very excited to partner with ICE on their launch of the
ICE FTSE® 100 Index Total Return Future,” said Shawn Creighton,
Director Index Derivatives Solutions at FTSE Russell. “The ICE
FTSE® 100 Index Total Return Future will complement the FTSE suite
of futures and options offered to global market participants and
further underlines the ongoing long-term relationship with FTSE
Russell and ICE.”
For more information, please visit
www.ice.com/equity-index/ftse/ftse-100-index-total-return-futures
or contact equities@ice.com.
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.
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, 2021, as
filed with the SEC on February 3, 2022.
About FTSE Russell
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics and data solutions for investors worldwide.
FTSE Russell calculates thousands of indices that measure and
benchmark markets and asset classes in more than 70 countries,
covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately $17.9
trillion is currently benchmarked to FTSE Russell indices. For over
30 years, leading asset owners, asset managers, ETF providers and
investment banks have chosen FTSE Russell indices to benchmark
their investment performance and create ETFs, structured products
and index-based derivatives.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on applying the highest industry standards
in index design and governance and embraces the IOSCO Principles.
FTSE Russell is also focused on index innovation and customer
partnerships as it seeks to enhance the breadth, depth and reach of
its offering.
© 2022 London Stock Exchange Group plc and its applicable group
undertakings (the "LSE Group"). The LSE Group includes FTSE
International Limited. FTSE Russell® is a trading name of FTSE,
Russell, FTSE Canada, FTSE FI, FTSE FI Europe, YB and BR. "FTSE®",
"Russell®", "FTSE Russell®", "FTSE4Good®", "ICB®", "The Yield
Book®", "Beyond Ratings®" and all other trademarks and service
marks used herein (whether registered or unregistered) are
trademarks and/or service marks owned or licensed by the applicable
member of the LSE Group or their respective licensors.
Category: Exchanges
ICE- CORP
Source: Intercontinental Exchange
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221018005809/en/
ICE Media Contact: Rebecca Mitchell
Rebecca.Mitchell@ice.com +44 7951 057 351
ICE Investor Contact: Katia Gonzalez
katia.gonzalez@ice.com (678) 981-3882
Intercontinental Exchange (NYSE:ICE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Intercontinental Exchange (NYSE:ICE)
Historical Stock Chart
From Apr 2023 to Apr 2024