Intercontinental Exchange Inc. (ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced plans to launch a physically delivered Permian West Texas Intermediate (WTI) crude oil futures contract, deliverable in Houston, Texas. The Houston delivery point has become the pricing center for U.S. crude oil production and exports, and the new flat price futures contract is designed to serve hedging and trading opportunities in this growing market.
Intercontinental Exchange (ICE) (NYSE: ICE), the leading global network of exchanges and clearing houses and provider of global data and listing services, today reported financial results for the fourth quarter and full year of 2017. For the quarter ended Dec. 31, 2017, consolidated net income attributable to ICE was $1.2 billion on $1.1 billion of consolidated revenues less transaction-based expenses. This included $764 million of a deferred tax benefit related to U.S. tax reform.
Intercontinental Exchange (ICE), an operator of global exchanges and clearing houses and provider of data and listings services, announced today that its Board of Directors has approved pursuing an
Intercontinental Exchange, a network of exchanges and clearing houses, announced today that it has entered into a definitive agreement to acquire Trayport for $650 million in ICE common stock.
Chicago Mercantile Exchange stated that it has “no plans” to seek a ruling that would allow the group to corner the market for invoice spread trades, although dealers still remain concerned, Risk.net reported.
Intercontinental Exchange will sell its final stake in Euronext, and expects the gross proceeds from the sale to amount to 96.8 million Euro. The sale is expected to close on Thursday.
Derivatives clearinghouses owned by CME Group Inc. and Intercontinental Exchange Inc. have been designated systemically important by U.S. regulators, moving them closer to heightened supervision under the Dodd-Frank Act.
