Intercontinental Exchange Sets Record Open Interest of 114M Contracts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3h ago
0mins
Intercontinental Exchange announced record open interest across its global futures and options markets of over 114M contracts on January 26, up approximately 20% vs. last year. Additional records hit on January 26 include record open interest across global commodities futures and options of 72M, up 8% vs. last year, and record open interest across total oil futures and options of 18.6M, up 17% vs. last year.
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Analyst Views on ICE
Wall Street analysts forecast ICE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ICE is 191.60 USD with a low forecast of 174.00 USD and a high forecast of 223.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
9 Buy
1 Hold
0 Sell
Strong Buy
Current: 172.440
Low
174.00
Averages
191.60
High
223.00
Current: 172.440
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.
ICE Launches Reddit Signals and Sentiment Analysis Tools
- Market Signal Innovation: ICE's newly launched Reddit Signals and Sentiment tool transforms millions of Reddit conversations into structured market signals using AI technology, significantly reducing the time for social signals to be integrated into trading strategies, thus helping investors quickly identify potential alpha opportunities.
- Data Integration Capability: This service seamlessly connects market signals to specific securities or companies through ICE's entity database, ensuring users can integrate it with existing ICE data products, such as securities pricing and fundamental data, thereby enhancing investment decision-making efficiency.
- Real-Time Sentiment Scoring: The Reddit Signals and Sentiment tool offers real-time and historical sentiment scores, along with a daily trend graph showing which companies, products, or entities are being discussed, helping investors grasp market dynamics and manage risks effectively.
- Comprehensive Data Services: This new service is part of ICE's comprehensive data offerings aimed at enhancing market insights, managing risks, and uncovering investment opportunities, further solidifying ICE's leadership in the financial technology and data services sector.
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ICE Launches Reddit Signals and Sentiment Analysis Tools
- Market Signal Transformation: ICE's newly launched Reddit Signals and Sentiment tool converts millions of complex Reddit conversations into actionable market signals, significantly enhancing the efficiency with which investors can access information and make investment decisions.
- Real-Time Data Analysis: The tool analyzes anonymized and aggregated Reddit data streams to provide real-time and historical sentiment scores, assisting investors in identifying trends and integrating social signals into trading strategies, thereby enhancing market insights and risk management capabilities.
- Connection to Securities Database: The Reddit Signals and Sentiment service leverages ICE's extensive entity identification and reference databases to seamlessly connect market signals to specific securities or companies, allowing customers to integrate it with existing ICE data products, enhancing data utilization flexibility and efficiency.
- Enhanced Investment Opportunities: This new service is part of ICE's comprehensive data offerings aimed at helping clients discover new alpha-generating opportunities and optimize portfolio management, further solidifying the company's leadership position in the fintech sector.
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