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Intercontinental Exchange

All articles tagged with #intercontinental exchange

markets1 day ago•125 min saved

OKX and NYSE Parent ICE File for 24/7 Tokenized U.S. Stock Trading

OKXICE, a joint venture between crypto exchange OKX and NYSE parent Intercontinental Exchange (ICE), has notified the SEC of plans to launch a tokenized stock trading venue. The platform will offer blockchain-based shares of over 60 U.S. companies, enabling round-the-clock trading and faster settlement while preserving dividend and voting rights. The initiative relies on a new five-year SEC innovation exemption, with a 30-day objection period for listed companies.

via CoinDesk|

#cryptocurrency #intercontinental-exchange #markets

finance1 month ago•43 min saved

Ackman Bets Big on Financials: Visa, Mastercard, SPGI and ICE Among 6 New Bets

Pershing Square disclosed six new stock positions, four of them financials—Visa, Mastercard, S&P Global, and Intercontinental Exchange—alongside Netflix and Alcon. Ackman argues the four financials are “capital-light toll takers” with inflation-resilient, high-volume cash flows and valuable data/services, and notes a long track record with these names, making the six-position move a cautious tilt toward durable, long-term growth.

via currently.att.yahoo.com|

#finance #intercontinental-exchange #mastercard

business5 months ago•7 min saved

Polymarket Eyeing $400 Million Funding at About $15 Billion Valuation

Polymarket is in talks to raise roughly $400 million at a valuation of about $15 billion, adding to the $600 million already invested by Intercontinental Exchange, and aiming to bring in additional strategic investors to potentially reach a $1 billion round.

via The Information|

#business #funding #intercontinental-exchange

business1 year ago•1 min saved

NYSE Owner ICE Invests $2 Billion in Polymarket

Intercontinental Exchange (ICE) has taken a $2 billion stake in prediction markets platform Polymarket, valuing the company at around $8 billion, signaling growing mainstream acceptance of prediction markets and potential industry expansion by 2030.

via CNBC|

#business #financial-industry #intercontinental-exchange

business3 years ago•6 min saved

"NYSE Buyer's $11.9 Billion Bet: Fast-Tracking Mortgages for Less"

Jeff Sprecher, CEO of Intercontinental Exchange (ICE), has acquired home loan servicing and data analytics provider Black Knight for $11.9 billion, aiming to revolutionize the mortgage industry by streamlining and digitizing the loan process. With the integration of Black Knight into ICE's existing mortgage technology, Sprecher plans to provide homeowners with real-time data on their property values, access to the best loan products, and constant updates on refinancing options. The goal is to create a low-cost, digitized platform that reduces the average cost of securing a mortgage and shortens the time from origination to closing. Additionally, the platform aims to empower lenders with greater marketing reach and borrowers with immediate access to the best deals, fostering loyalty and lowering costs for consumers.

via Fortune|

#black-knight #business #digital-transformation

business3 years ago•1 min saved

FTC Drops Case Against ICE's $11.7B Black Knight Deal

The U.S. Federal Trade Commission (FTC) has requested the dismissal of its lawsuit against Intercontinental Exchange (ICE) regarding the proposed $11.7 billion acquisition of data vendor Black Knight. The companies and the FTC have jointly filed a request to dismiss the lawsuit as they negotiate a settlement to close the deal. The FTC had previously expressed concerns about the deal, citing potential increased costs for consumers and reduced innovation in the mortgage data market. Black Knight has responded to these concerns by agreeing to sell its Optimal Blue business for $700 million. The parties involved aim to reach mutually acceptable terms by August 25.

via Reuters|

#acquisition #black-knight #business