Latest news with #PriceImprovementVolumeClearing
Yahoo
06-05-2025
- Business
- Yahoo
Intercontinental Exchange (NYSE:ICE) Enhances Bond Trading With New Price Improvement Protocol
Intercontinental Exchange recently introduced its innovative Price Improvement Volume Clearing (PIVC) to enhance corporate bond trading, marking a significant product-related announcement. Along with a successful quarterly earnings report and increased dividend, ICE's 11% price rise over the past month aligns with broader positive market trends, which saw a 2% climb. ICE's notable trading volumes and strategic partnerships, such as the UWM and Forge Global agreements, likely supported investor confidence despite overall market uncertainties, such as tariff concerns. The dividend increase and robust Q1 financial performance might also have contributed to bolstering ICE's shares against market volatility. Be aware that Intercontinental Exchange is showing 2 weaknesses in our investment analysis. NYSE:ICE Earnings Per Share Growth as at May 2025 Uncover 15 companies that survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. The introduction of Intercontinental Exchange's (NYSE:ICE) Price Improvement Volume Clearing system could enhance trading efficiency and attract more market participants, potentially boosting revenue in the corporate bond sector. This aligns with the broader narrative of ICE expanding its market share through strategic acquisitions and technological advancements, including the integration of Black Knight to bolster its Mortgage Technology segment. Reflecting on the company's longer-term performance, ICE's total shareholder return, which includes both share price appreciation and dividends, was 97.24% over the past five years. This indicates substantial returns for investors compared to the US market's 9.3% return over the past year. However, ICE's performance lagged behind the Capital Markets industry, which returned 20% over the same one-year period. The recent product announcement, coupled with the positive quarterly earnings report, may influence analysts to reassess their revenue and earnings projections, with an anticipated annual revenue growth of 5.3% and earnings growth of 9.17% annually. Considering the current share price of US$166.33, it is trading at an approximate 11.2% discount to the consensus analyst price target of US$187.31. The introduction of new products and partnerships could justify this upside in price, assuming analysts' growth projections are met. Take a closer look at Intercontinental Exchange's potential here in our financial health report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
06-05-2025
- Business
- Yahoo
ICE Expands Fixed Income Liquidity Offering With Launch of Price Improvement Volume Clearing
Builds on success of ICE Bonds' daily sweep auctions for corporate bonds Helps uncover residual interest, improve pricing on previously matched trades and execute additional volume ATLANTA & NEW YORK, May 06, 2025--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced a key enhancement to the ICE Bonds' Risk Matching Auction (RMA) protocol for corporate bond trading, with the introduction of Price Improvement Volume Clearing - a patent-pending innovation designed to deepen liquidity and enhance pricing outcomes for market participants. The RMA protocol, which is part of the ICE Bonds' suite of trading solutions, conducts multiple dealer-to-dealer sweep auctions weekly. It has seen strong adoption, with over 66 registered firms and 700+ users actively participating. In the RMA, traders simply upload bond inventories, and the ICE Bonds' proprietary algorithm matches buyers and sellers of the same securities. Pricing suggestions are generated using ICE's Continuous Evaluated Pricing (CEP™) and can be affirmed or rejected on a line-item or bulk basis, giving participants a powerful mechanism to reduce risk and access liquidity efficiently. Building on this success, ICE Bonds is launching Price Improvement Volume Clearing (PIVC) - a new follow-on auction session that allows dealers to increase their volume in names that traded during the initial RMA session, along with the opportunity to improve prices for bonds that did not trade in the initial session, encouraging tighter spreads and deeper participation. This innovative extension of the trading session helps participants uncover residual interest, improve pricing on previously matched trades, and execute additional volume, enhancing overall trading efficiency, further enhancing ICE's suite of electronic protocols. "We continue to invest in tools that help our customers manage risk and access liquidity across a wide range of fixed income instruments," said Peter Borstelmann, President of ICE Bonds. "The launch of PIVC is a direct result of market feedback and our drive to deliver intelligent, intuitive solutions that optimize execution quality. We're excited about the impact PIVC can have as it brings new optionality and innovation to the market." ICE Bonds provides access to diverse liquidity pools and a broad range of trading protocols, including click-to-trade, request-for-quote, sweeps, portfolio auctions, and now PIVC. ICE's evaluated pricing and analytics power these protocols, offering transparency and support across pre-trade, trade, and post-trade workflows. Trading on ICE Bonds continued at record levels in the first quarter of 2025, with record notional volume of $62 billion for corporate bonds, up 27% since Q1 2024 and record notional volume of $48 billion for muni bonds, up 26% since Q1 2024.
Business Wire
06-05-2025
- Business
- Business Wire
ICE Expands Fixed Income Liquidity Offering With Launch of Price Improvement Volume Clearing
ATLANTA & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced a key enhancement to the ICE Bonds' Risk Matching Auction (RMA) protocol for corporate bond trading, with the introduction of Price Improvement Volume Clearing - a patent-pending innovation designed to deepen liquidity and enhance pricing outcomes for market participants. The RMA protocol, which is part of the ICE Bonds' suite of trading solutions, conducts multiple dealer-to-dealer sweep auctions weekly. It has seen strong adoption, with over 66 registered firms and 700+ users actively participating. In the RMA, traders simply upload bond inventories, and the ICE Bonds' proprietary algorithm matches buyers and sellers of the same securities. Pricing suggestions are generated using ICE's Continuous Evaluated Pricing (CEP™) and can be affirmed or rejected on a line-item or bulk basis, giving participants a powerful mechanism to reduce risk and access liquidity efficiently. Building on this success, ICE Bonds is launching Price Improvement Volume Clearing (PIVC) - a new follow-on auction session that allows dealers to increase their volume in names that traded during the initial RMA session, along with the opportunity to improve prices for bonds that did not trade in the initial session, encouraging tighter spreads and deeper participation. This innovative extension of the trading session helps participants uncover residual interest, improve pricing on previously matched trades, and execute additional volume, enhancing overall trading efficiency, further enhancing ICE's suite of electronic protocols. 'We continue to invest in tools that help our customers manage risk and access liquidity across a wide range of fixed income instruments,' said Peter Borstelmann, President of ICE Bonds. 'The launch of PIVC is a direct result of market feedback and our drive to deliver intelligent, intuitive solutions that optimize execution quality. We're excited about the impact PIVC can have as it brings new optionality and innovation to the market.' ICE Bonds provides access to diverse liquidity pools and a broad range of trading protocols, including click-to-trade, request-for-quote, sweeps, portfolio auctions, and now PIVC. ICE's evaluated pricing and analytics power these protocols, offering transparency and support across pre-trade, trade, and post-trade workflows. Trading on ICE Bonds continued at record levels in the first quarter of 2025, with record notional volume of $62 billion for corporate bonds, up 27% since Q1 2024 and record notional volume of $48 billion for muni bonds, up 26% since Q1 2024. 'The introduction of PIVC reflects our commitment to evolving the fixed income market structure with unique, data-driven solutions,' said Chris Edmonds, President of Fixed Income and Data Services at ICE. 'It's a powerful example of how execution and data can come together to create measurable benefits for our clients.' To learn more about ICE Bonds and the RMA + PIVC solution, please visit About ICE Bonds Trading and execution services are offered through ICE Bonds Securities Corporation or ICE Bonds, member FINRA, MSRB and SIPC. The information found herein, has been prepared solely for informational purposes and should not be considered investment advice, is neither an offer to sell nor a solicitation of an offer to buy any financial product(s), is intended for institutional customers only and is not intended for retail customer use. Continuous Evaluated Pricing (CEP™) are provided in the US through ICE Data Pricing & Reference Data, LLC and internationally through ICE Data Services entities in Europe and Asia Pacific. ICE Data Pricing & Reference Data, LLC is a registered investment adviser with the US Securities and Exchange Commission. Additional information about ICE Data Pricing & Reference Data, LLC is available on the SEC's website at 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: Fixed Income and Data Services SOURCE: Intercontinental Exchange ICE-CORP
