GREENWICH, Conn., Sept. 19,
2024 /PRNewswire/ -- Salt Financial, a leading
financial services firm, is pleased to announce that it has signed
a memorandum of understanding with Intercontinental Exchange, Inc.
(NYSE: ICE), a leading global provider of technology and data, to
collaborate on strategic index development. Leveraging Salt's
patent-pending truVol® Risk Control Engine (RCE), the collaboration
will focus on satisfying the growing demand for risk-controlled
investment products for insurance companies, fund sponsors, and
investment banks in the form of bespoke systematic
indices.
ICE offers a diverse range of cross-asset index solutions, with
approximately $2 trillion in assets
under management benchmarked to ICE Indices. ICE indices also
support Exchange-Traded Products (ETPs), structured products,
insurance, and other financial products globally.
Salt Financial's cooperation with ICE and its subsidiary,
NYSE, underscores a shared dedication to innovation. By combining
Salt Financial's expertise in volatility management with ICE's
robust index capabilities and the NYSE brand, this collaboration
aims to explore new and enhanced index solutions.
"We are excited to work with Salt Financial to explore new
risk-controlled multi-asset indices leveraging their strong
volatility methodology," said Preston
Peacock, Head of ICE Data Indices.
"We are excited to be collaborating with ICE and NYSE to explore
custom index solutions with building blocks developed by ICE Data
Indices across asset classes," said Tony
Barchetto, Chief Executive Officer at Salt
Financial.
The collaboration could empower investors with a broader range
of choices, incorporating the latest advancements in index design
and truVol's cutting edge volatility control mechanism powered
by historical intraday data.
About Salt Financial
Salt Financial LLC is a leading provider of index solutions and
risk analytics, powered by the patent-pending
truVol® Risk Control Engine (RCE). We leverage the rich
information contained in intraday prices to better estimate
volatility to develop index-based investment products for insurance
carriers, investment banks, asset managers, and ETF issuers. Salt
is committed to collaborating with industry leaders to empower the
pursuit of financial outperformance for investors worldwide. For
more information, please visit www.saltfinancial.com.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a
Fortune 500 company that designs, builds, and operates digital
networks that connect people to opportunity. We provide financial
technology and data services across major asset classes helping our
customers access mission-critical workflow tools that increase
transparency and efficiency. ICE's futures, equity, and
options exchanges -- including the New
York Stock Exchange -- and clearing
houses help people invest, raise capital and manage risk.
We offer some of the world's largest markets to trade and clear
energy and environmental products. Our fixed income, data
services and execution capabilities provide information,
analytics and platforms that help our customers streamline
processes and capitalize on opportunities. At ICE Mortgage
Technology, we are transforming U.S. housing finance, from
initial consumer engagement through loan production, closing,
registration and the long-term servicing relationship. Together,
ICE transforms, streamlines, and automates 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, 2023, as filed with the SEC on
February 8, 2024.
ICE Data Indices, LLC ("IDI"), its affiliates and its third
party suppliers (collectively, "ICE Data and its Suppliers") make
no representations or warranties regarding the advisability of
investing in securities generally, in any financial product or the
ability of any index to track general market performance. Past
performance of an index is not an indicator of or a guarantee of
future results. For important information (including the
methodologies), limitations, and disclaimers regarding the indices,
please visit indices.ice.com.
ICE DATA AND ITS SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND
REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES
OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE,
INCLUDING THE INDICES, INDEX DATA AND ANY INFORMATION INCLUDED IN,
RELATED TO, OR DERIVED THEREFROM ("INDEX DATA"). ICE DATA AND ITS
SUPPLIERS SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY WITH
RESPECT TO THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF
THE INDICES AND THE INDEX DATA, WHICH ARE PROVIDED ON AN "AS IS"
BASIS AND YOUR USE IS AT YOUR OWN RISK.
NYSE is a trademark of NYSE Group, Inc., and is used by IDI with
permission under license by NYSE Group, Inc. NEITHER THE INDICATION
THAT NYSE IS LICENSED FROM NYSE GROUP. INC. OR USED BY OR ITS
AFFILIATES WITH PERMISSION FROM NYSE GROUP, INC. IN ANY WAY
SUGGESTS OR IMPLIES A REPRESENTATION OR OPINION BY NYSE GROUP, INC.
OR ANY SUCH AFFILIATES AS TO THE ATTRACTIVENESS OF INVESTMENT IN
ANY SECURITIES, INVESTMENTS, OTHER FINANCIAL PRODUCTS,
ENTERTAINMENT, MEDIA, ARTISTIC WORKS, ACADEMIC WORKS, EDUCATIONAL
WORKS OR ANY OTHER PRODUCTS (COLLECTIVELY, "PRODUCTS"); AS TO THE
POSSIBLE BENEFITS FROM ANY PRODUCTS; OR SPONSORSHIP, APPROVAL OR
ENDORSEMENT OF IDI BY NYSE GROUP, INC. OR ANY OF IDI'S PRODUCTS (AS
APPLICABLE). NYSE GROUP, INC. IS NOT THE ISSUER OF ANY SUCH
PRODUCTS AND MAKES NO EXPRESS OR IMPLIED WARRANTIES OF
MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE WITH RESPECT
THERETO OR REFLECTED THEREIN, NOR AS TO RESULTS TO BE OBTAINED BY
ANY PERSON OR ANY ENTITY.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/salt-financial-announces-strategic-collaboration-with-ice-to-explore-indices-for-risk-controlled-investment-products-302252829.html
SOURCE Salt Financial
