Latest news with #IntercontinentalExchange
Business Wire
3 hours ago
- Business
- Business Wire
Intercontinental Exchange Reports May Statistics
ATLANTA & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today reported May 2025 trading volume and related revenue statistics, which can be viewed on the company's investor relations website at in the Monthly Statistics Tracking spreadsheet. May highlights include: Total average daily volume (ADV) up 13% y/y; open interest (OI) up 8% y/y, including record OI of 104.6M lots on May 23 Energy ADV up 10% y/y; OI up 6% y/y, including record futures of 40.0M lots on May 26 Total Oil ADV up 16% y/y; OI up 18% y/y, including record futures of 10.9M lots on May 29 Brent ADV up 13% y/y; OI up 14% y/y, including record futures of 3.0M lots on May 8 WTI* ADV up 14% y/y; OI up 43% y/y, including record OI of 1.8M lots on May 9 Midland WTI ADV up 91% y/y; OI up 71% y/y Gasoil ADV up 26% y/y; OI up 28% y/y, including record OI of 1.4M lots on May 30 Other Crude & Refined products ADV up 14% y/y; OI up 16% y/y, including record OI of 7.8M lots on May 29 Dubai ADV up 11% y/y; OI up 14% y/y Murban ADV up 110% y/y; OI up 89% y/y, including record OI of 85k lots on May 29 Total Natural Gas OI up 2% y/y TTF Gas ADV up 7% y/y; OI up 2% y/y, including record futures of 2.3M on May 26 Asia Gas ADV up 9% y/y; OI up 42% y/y, including record OI of 184k lots on May 14 Total Environmentals OI up 9% y/y Sugar ADV up 8% y/y Cotton OI up 8% y/y Financials ADV up 21% y/y; OI up 15% y/y Interest Rates ADV up 24% y/y; OI up 20% y/y Euribor ADV up 18% y/y; OI up 9% y/y SONIA ADV up 37% y/y; OI up 29% y/y, including record OI of 9.9M lots on May 15 Gilts OI up 61% y/y MSCI ADV up 16% y/y; OI up 11% y/y NYSE Cash Equities ADV up 33% y/y * Combined OI and volumes of WTI and ICE HOU 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, 2024, as filed with the SEC on February 6, 2025. Category: Corporate SOURCE: Intercontinental Exchange ICE-CORP
Yahoo
a day ago
- Business
- Yahoo
HELOC rates today, June 3, 2025: Interest rates on home equity lines of credit are unchanged
HELOC interest rates were stable today, unchanged from yesterday. How hot are HELOCs? In a new analysis, Intercontinental Exchange (ICE), a mortgage data provider, said second mortgage home equity withdrawals in the first quarter of 2025 grew 22% year over year to nearly $25 billion. That's the highest first quarter volume since 2008. 'Equity levels remain historically high, and now we're seeing the cost of borrowing against that equity drop meaningfully,' Andy Walden, Head of Mortgage and Housing Market Research at ICE, said in a release. 'The monthly payment needed to withdraw $50,000 via a home equity line of credit (HELOC) has fallen by more than $100 since early 2024." Now, let's check the latest HELOC rates. Dig deeper: HELOC vs. home equity loan: Tapping your equity without refinancing According to Zillow, rates on 10-year HELOCs held steady at 6.81% today. The same rate is also available on 15- and 20-year HELOCS. VA-backed HELOCs also remained stable at 6.36%. Homeowners have a staggering amount of value tied up in their houses — more than $34 trillion at the end of 2024, according to the Federal Reserve. That's the third-largest amount of home equity on record. With mortgage rates lingering in the high 6% range, homeowners are not likely to let go of their primary mortgage anytime soon, so selling the house may not be an option. Why let go of your 5%, 4% — or even 3% mortgage? Accessing some of the value locked into your house with a use-it-as-you-need-it HELOC can be an excellent alternative. HELOC interest rates are different from primary mortgage rates. Second mortgage rates are based on an index rate plus a margin. That index is often the prime rate, which today is 7.50%. If a lender added 1% as a margin, the HELOC would have a rate of 8.50%. However, you will find reported HELOC rates are much lower than that. That's because lenders have flexibility with pricing on a second mortgage product, such as a HELOC or home equity loan. Your rate will depend on your credit score, the amount of debt you carry, and the amount of your credit line compared to the value of your home. And average national HELOC rates can include "introductory" rates that may only last for six months or one year. After that, your interest rate will become adjustable, likely beginning at a substantially higher rate. You don't have to give up your low-rate mortgage to access the equity in your home. Keep your primary mortgage and consider a second mortgage, such as a home equity line of credit. The best HELOC lenders offer low fees, a fixed-rate option, and generous credit lines. A HELOC allows you to easily use your home equity in any way and in any amount you choose, up to your credit line limit. Pull some out; pay it back. Repeat. Meanwhile, you're paying down your low-interest-rate primary mortgage like the wealth-building machine you are. Today, FourLeaf Credit Union is offering a HELOC rate of 6.49% for 12 months on lines up to $500,000. That's an introductory rate that will convert to a variable rate later. When shopping lenders, be aware of both rates. And as always, compare fees, repayment terms, and the minimum draw amount. The draw is the amount of money a lender requires you to initially take from your equity. The power of a HELOC is tapping only what you need and leaving some of your line of credit available for future needs. You don't pay interest on what you don't borrow. Rates vary so much from one lender to the next that it's hard to pin down a magic number. You may see rates from nearly 7% to as much as 18%. It really depends on your creditworthiness and how diligent a shopper you are. For homeowners with low primary mortgage rates and a chunk of equity in their house, it's probably one of the best times to get a HELOC. You don't give up that great mortgage rate, and you can use the cash drawn from your equity for things like home improvements, repairs, and upgrades. Of course, you can use a HELOC for fun things too, like a vacation — if you have the discipline to pay it off promptly. A vacation is likely not worth taking on long-term debt. If you take out the full $50,000 from a line of credit on a $400,000 home, your payment may be around $395 per month with a variable interest rate beginning at 8.75%. That's for a HELOC with a 10-year draw period and a 20-year repayment period. That sounds good, but remember, it winds up being a 30-year loan. HELOCs are best if you borrow and pay back the balance in a much shorter period of time.
Business Wire
2 days ago
- Business
- Business Wire
ICE Launches its first Futures Contracts Based on Battery Materials
LONDON--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced the launch of its first futures contracts based on battery materials, expanding its energy and environmental markets – which represent the most liquid markets to trade these products - into critical minerals. ICE has launched four cash-settled battery materials contracts covering lithium hydroxide, lithium carbonate, cobalt and spodumene futures based on Fastmarkets' price assessments. 'Our customers are managing their way through heightened geopolitical risk, the evolving trade flow environment around critical minerals as well as the wider energy market,' said Jeff Barbuto, Global Head of Oil Markets at ICE. 'These contracts are important new additions to our energy derivatives offering and we're looking forward to working with the battery materials industry to find ways to add value to this space and build liquidity alongside our broader energy trading and clearing platform.' 'The battery raw materials industry relies on Fastmarkets' trusted benchmarks as enablers for trade and investment,' said Przemek Koralewski, Global Head of Market Development at Fastmarkets. 'Partnering with ICE further supports this growing market with the risk management tools it needs.' The new battery materials contracts join ICE's network of over 800 crude and refined oil products all underpinned by Brent, the price barometer for three quarters of the world's internationally traded crude oil, and ICE Low Sulphur Gasoil the global benchmark for refined oil products at the center of middle distillates trading. Gasoil futures and options reached record open interest (OI) of 1.43 million contracts on May 29, 2025, up 29% year-over (y/y). Gasoil Options hit a single day volume record of 22,650 contracts on May 20, 2025, surpassing the previous record set in May 2016. ICE's global oil benchmarks hit successive OI records during May 2025 with ICE Brent futures reaching a record 2.9 million in OI and ICE WTI (Cushing) futures and options reaching 1.7 million on May 8, 2025, with ICE Murban futures hitting record OI of 85,365 on May 29, 2025. OI across ICE's total futures and options contracts reached a record high of 104.6 million contracts on May 23, 2025, up 8% y/y, including a record 41.8 million commodities futures and a record 40 million energy futures. 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, 2024, as filed with the SEC on February 6, 2025.
Yahoo
4 days ago
- Business
- Yahoo
Florida housing inventory hits record high as Central Florida ZIP codes see surge in new listings
Editor's note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal. Florida now has a record amount of housing inventory — and these Central Florida ZIP codes have seen the largest year-over-year increases in new home sale listings. An analysis from The Business Journals using data from Intercontinental Exchange shows which local neighborhoods have seen the most dramatic jumps in new listings, and which have the most total new listings as of Q1 2025. The top five ZIP codes for percentage growth in new home listings span from Orlando to the coast: Click here to read the full story on the Orlando Business Journal's website. Click here to download our free news, weather and smart TV apps. And click here to stream Channel 9 Eyewitness News live.
Mint
5 days ago
- Business
- Mint
Oil prices likely to stay around $65/bbl, says petroleum minister Puri
New Delhi: Minister for petroleum and natural gas Hardeep Singh Puri on Friday said that crude oil prices are likely to stay near $65 per barrel due to the ample supply of oil in the global market. Speaking at the CII Annual Business Summit 2025, the minister said that high production is weighing on the oil market. "There are enough supplies in the market. I see global prices, and here I am, very careful, to be in the range of $65 per barrel. My sense is that prices will hold. Supplies becoming available, the prices will be close to $65 a barrel,' he said. He noted that although there have been disruptions due to geopolitical tensions, the prices have not surged as the market is aware that there are adequate supplies. Puri also said that economies with strategic reserves would want to fill them up when the price is low. Mint earlier reported that the government is looking at filling the strategic reserves amid low global prices. The July contract of Brent on the Intercontinental Exchange was $63.96 per barrel, 0.3% lower than its previous close, at the time of going to press. On the likely cut in retail prices of petrol and diesel, the minister told the media, 'If prices remain like this, then going forward, these are things which you can legitimately expect.' Addressing the event, the minister highlighted steps taken by the government to boost domestic oil and gas production. He said that over 1 million square kilometres of sedimentary basins, previously marked as 'no-go' zones, have now been opened for exploration, following which over 37% of bids under the Open Acreage Licensing Policy (OALP) have come from these newly opened areas. Stating that India will be one of the refining hubs, he said the trend was towards the emergence of refining hubs instead of teapot refineries. India's refining capacity is 260 million metric tonnes per annum (mmtpa), which is expected to reach 309.5 mmtpa by 2028, he said. On the significance of the recently passed Oilfields (Regulation and Development) Amendment Act, 2025, Puri emphasised that India has made it easier to do business in exploration and production activities by introducing a single permit system. Despite importing 5.6 million barrels of crude oil per day and spending $139 billion last year on imports, domestic reforms are expected to reduce this dependency. The minister said the government is encouraging domestic exploration while diversifying import sources to 40 from 27 countries. On the clean energy front, he said that there is huge potential for the production of Sustainable Aviation Fuel (SAF) in large quantities in countries like India, Brazil, the US and Canada.
