Intercontinental Exchange to Launch FTSE 100 Index Future

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The Intercontinental Exchange ($NYSE:ICE) is looking to launch a FTSE 100 Index Future on November 14, it said Tuesday. This will expand customer exposure to U.K. markets and the FTSE 100 Index. The FTSE 100 Index is a stock index of the 100 companies listed on the London Stock Exchange with the highest market capitalization.

The FTSE 100 Index Future will be a total return future, meaning that it will take into account both the price movement of the underlying index and any dividends paid out by the companies in the index. This will give customers a more complete picture of the performance of the FTSE 100 Index.

Market Price

On Tuesday, Intercontinental Exchange announced that it would be launching a new futures contract based on the FTSE 100 Index. This news sent ICE’s stock prices up by 1.0% from the previous day’s close. The FTSE 100 Index is a widely-followed benchmark for the UK stock market, and the new futures contract will allow investors to gain exposure to this index without having to purchase any actual stocks.

Given the current uncertainty in the UK’s political and economic outlook, the launch of this new contract could not have come at a better time. Investors are sure to keep a close eye on the performance of the FTSE 100 Index Future, and we can expect ICE’s stock price to continue to be volatile in the weeks and months ahead.

VI Analysis

Intercontinental Exchange is a strong company with a lot of potential. Its fundamentals reflect its long-term potential, and it is classified as a ‘gorilla’ company, which means it has achieved stable and high revenue or earning growth due to its strong competitive advantage. This makes it an attractive investment for many investors. Additionally, its intermediate health score of 6/10 means it is likely to safely ride out any crisis without the risk of bankruptcy.

VI Peers

The company operates in four segments: Trading and Clearing, Data and Listings, Futures and Options, and Connectivity and Technology Solutions. ICE has a market capitalization of $38.72 billion and its competitors are London Stock Exchange Group PLC (LSEG), Singapore Exchange Ltd (SGX), and TMX Group Ltd (TMX).

– London Stock Exchange Group PLC ($LSE:LSEG)

London Stock Exchange Group PLC is a United Kingdom-based financial services holding company. The Company’s business activities include capital formation, global benchmarking and risk management. It operates through capital markets, post trade services and information services divisions. Capital markets division comprises equity and debt capital markets, including primary and secondary market activities, and global depositary receipts (GDRs). Post trade services division offers clearing, settlement, custody and information products and services for fixed income securities, derivatives, exchange traded products (ETPs), commodities and cash equities. Information services division comprises real-time market data, indices, analytics and trading platforms. It operates in over 50 countries and territories.

– Singapore Exchange Ltd ($SGX:S68)

Singapore Exchange Ltd has a market cap of 8.94B as of 2022. The company has a Return on Equity of 23.35%. SGX is a Singapore-based company that operates a securities and derivatives exchange. The company also offers clearing, settlement and depository services.

– TMX Group Ltd ($TSX:X)

TMX Group Ltd is a Canadian financial services company that operates exchanges for multiple asset classes including equities, fixed income, derivatives, and energy. The company has a market capitalization of 7.14 billion as of 2022 and a return on equity of 13.93%. TMX Group Ltd is headquartered in Toronto, Canada.

Summary

Intercontinental Exchange is a leading operator of global exchanges and clearing houses and a provider of data and listings services. It offers a range of products across multiple asset classes, including futures, options, cash-settled derivatives, and OTC contracts. Investing in ICE can provide exposure to a range of global markets and asset classes. The company’s exchanges offer trading in a variety of products, including energy, agriculture, credit, equity indices, foreign exchange, and interest rates. ICE also operates a number of clearing houses, which provide risk management and clearing services for a range of financial instruments.

ICE’s data and listings business provides market data, analytics, and connectivity solutions to a range of customers, including financial institutions, exchanges, and corporate clients. The company’s technology platform powers a range of financial markets, including some of the world’s largest exchanges. ICE has a strong track record of growth and profitability. The company has reported double-digit earnings growth in each of the last four years.