Intercontinental Exchange and NATIVX to Launch GPU Compute Futures Contracts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Intercontinental Exchange and NATIVX announced plans to launch GPU compute futures contracts based on NATIVX's COIL Index, which tracks the price of tokenized, energy-normalized compute and connectivity. COIL is designed to track tokenized GPU compute prices in an energy-normalized index that is built around maximizing constituent capacity. It reflects compute and connectivity, normalized to one stable unit and auditable at every step. The new futures contracts will be U.S. dollar denominated and cash-settled. The contracts are expected to be launched later this year, subject to completion of relevant regulatory processes.
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Analyst Views on ICE
Wall Street analysts forecast ICE stock price to rise
10 Analyst Rating
9 Buy
1 Hold
0 Sell
Strong Buy
Current: 134.910
Low
174.00
Averages
191.60
High
223.00
Current: 134.910
Low
174.00
Averages
191.60
High
223.00
About ICE
Intercontinental Exchange, Inc. provides financial technology and data services across major asset classes, helping its customers access workflow tools that increase transparency and efficiency. Its Exchanges segment operates regulated marketplace technology for the listing, trading and clearing of an array of derivatives contracts and financial securities as well as data and connectivity services related to its exchanges and clearing houses. Its Fixed Income and Data Services segment provides fixed income pricing, reference data, indices, analytics and execution services as well as global credit default swaps (CDS), clearing and multi-asset class data delivery technology. Its Mortgage Technology segment provides a technology platform that offers customers comprehensive, digital workflow tools that aim to address inefficiencies and mitigate risks that exist in the United States residential mortgage market life cycle, from application through closing, servicing and the secondary market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Energy Market Performance: Open interest in the energy sector rose by 6% year-over-year, with natural gas open interest up 8%, and a remarkable 44% increase in Asian gas open interest, reaching a record 252,000 lots, reflecting strong demand in the region.
- Agricultural and Metals Trading Activity: The average daily volume (ADV) for agriculture and metals increased by 29% year-over-year, with open interest up 43%, notably cocoa ADV surged by 97% and open interest by 73%, indicating strong investor interest in these commodities.
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See More
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- COIL Index Functionality: The COIL Index tracks GPU compute and connectivity costs, while the futures contracts will be U.S. dollar-denominated and cash settled, providing market participants with clearer cost expectations and risk management tools.
- Market Demand Response: With the surge in demand for AI infrastructure, the introduction of these futures contracts is expected to meet the urgent needs of companies for managing GPU compute costs, further solidifying ICE's leadership position in the financial derivatives market.
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See More
