ICE

Last week, we celebrated a significant milestone with Exchange Invest founder Patrick Young as he took the NYSE podium to commemorate the 25th anniversary of his book, "Capital Market Revolution."   Patrick has been a staunch advocate for the power of marketplaces and the advancement of a more transparent financial system in the digital age. His longstanding relationship with the ICE team has been invaluable, and we are proud to join him in celebrating this achievement.

It was a pleasure collaborating with ADNOC Group and the CSO Network for this year's forum and hearing from our leaders Christopher Edmonds, Gordon Bennett and Gary King. Thanks to all that attended!

Don't confuse Thomson Reuters for a "media stock" - the "tech stock" is harnessing AI to evolve its business. President & CEO Steve Hasker joins Inside the ICE House to discuss AI's impact across the organization and the technology's influence on professionals: https://lnkd.in/e6mmTp8d

Happy 4th of July! The markets are closed today in honor of our Independence Day 🇺🇸

Think you've got the brains to crack the code? Join the ICE Hackathon 2024, in partnership with T-Hub, a 24-hour epic challenge designed to push your limits and unearth the brightest minds in cybersecurity. Here's what awaits you: 💰 Compete for a whopping ₹1.75 Lakh prize pool! 👨💻 Launch your cybersecurity career with ICE! 🤝 Network with industry experts and fellow hackers! ⚙ Sharpen your skills in a fun and competitive environment! We invite college students who are passionate about cybersecurity (individuals or teams of 3). Innovate in password cracking while championing fair play. 🔗 Register now to be in for the thrill: https://lnkd.in/g2GvJNNv Steve P. | Ashwini Panse | Yuvaraju Atmakuri | Rajesh D (Raj) | Vishnu Teja T | Rahul Krishna | Ashia Avasthi | Anvesh Nandamuru #InnovationEcosystem #InnovatewithTHub #ICE #Hackathon #Coding

May mortgage data is out, and the numbers hint at a potential tipping point in the refinance sphere. ICE's latest Mortgage Monitor report, published this morning, shows a noticeable spike among loans originated over the past two years with rates of exactly 6.875% — perhaps more due to the psychological appeal of having a mortgage rate with a 6 on the front rather than rate or savings dynamics. In fact, 690,000 vintage loans from 2022-2024 are at rates just below 7%, and more than 4 million first lien mortgages originated since 2022 have 30-year rates above 6.5%.   Why is that so important?   Because from a refinance perspective, it's that spike of borrowers with mortgages in the high 6% rate range who are likely to move the needle toward more meaningful, albeit still historically modest, refinance volumes if and when rates ease. What's more, the dynamics in refi activity (cash-out vs. rate/term) have shifted slightly as well.   Read the full report here for more detail: https://lnkd.in/gKQgYz6Z

ICYMI, ICE President of Fixed Income & Data Services Christopher Edmonds joined NYSE TV to discuss ICE Clear Credit’s plans to launch clearing for U.S. Treasury securities – and how our well-established playbook will help bring transparency and resilience to the markets.    Watch the full interview for more: https://lnkd.in/eXnERjVc

In the first half of 2024, NYSE listed 7 of the 10 largest U.S. transactions, raising an industry-leading $12 billion in IPO proceeds. Catch the highlights ⤵️ https://lnkd.in/eJT9Djzy

Was a pleasure catching up with Razan Salman, Senior Economy and Government Reporter at CNN Business Arabic | الاقتصادية CNN on the ground in Abu Dhabi. Was one of many great discussions I’ve had at this year’s Global Sustainability Forum around how the “Conference of Partners” approach embraced by the UAE Consensus; promoting public, philanthropic and private sector collaboration, together with the layering of information technology into the deployment of mega energy projects (and a sprinkling of carbon pricing) can deliver a pragmatic energy transition and a Net Zero pathway! ICE NYSE ADNOC Group Posterity Institute #CSONetwork #GlobalSustainabilityForum

ICE Clear Credit (ICC) – the world’s first credit default swap (CDS) clearinghouse – was launched 15 years ago during the global financial crisis to help mitigate financial systemic risk. Since then, it's become the leading global clearing house for credit derivatives, including Single Name and Index CDS instruments, and options on index CDS.   Here's a closer look into ICC's strong start to 2024. Learn more about ICE Clear Credit: https://lnkd.in/eS9582W8