Intercontinental Exchange Unveils Real-Time Index Publication

ICE CBOE MKTX DBOEY

Intercontinental Exchange, Inc.’s (ICE - Free Report) ICE Data Services has introduced real-time publication of most of its fixed income indices, which are to be administered by ICE Data Indices, LLC (“IDI”).

The indices, which are being published in real time, include ICE BofA US Broad Market Index, ICE BofA US Corporate Index, ICE BofA US High Yield Index, ICE BofA Euro Corporate Index, ICE BofA Euro High Yield Index and ICE BofA MOVE Index.

ICE Data Services has widened its real-time offering to include the fixed income asset class in a bid to meet increasing demand globally. The real-time publication of the indices enhances transparency of the activities across the fixed income markets for the market participants. Thus, enabling more specific trading and risk management.

ICE Data Services was launched by Intercontinental Exchange in June 2016. It provides unique data from global exchanges and fixed-income markets. Through ICE Data Services, the company generates revenues from a range of global financial and commodity markets, including pricing and reference data, exchange data, analytics, feeds, index services, desktops and connectivity solutions.

Its technology uses integrated platforms to capture, store and process information, perform analytics and maintain connectivity solutions and a flexible delivery capability. Together, the platforms enable real-time processing and delivery of information, accelerate new product development and improve production reliability.

In 2019, ICE Data Services launched the cloud-based tick history platform, ICE DataVault to manage and source normalized historical tick data.

Shares of this Zacks Rank #3 (Hold) company have outperformed the industry in a year’s time. The stock has gained 10.4% compared with the industry’s increase of 6.5%.

Stocks That Warrant a Look

Some better-ranked stocks from the security and exchange sector include MarketAxess Holdings Inc. (MKTX - Free Report) , Cboe Global Markets Inc. (CBOE - Free Report) and Deutsche Boerse AG (DBOEY - Free Report) . While MarketAxess sports a Zacks Rank #1 (Strong Buy), Cboe Global and Deutsche Boerse carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

MarketAxess operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It surpassed estimates in three of the last four quarters, with the average positive surprise being 1.09%.

Cboe Global operates as an options exchange in the United States.  It surpassed estimates in each of the last four quarters, with the average positive surprise being 8.24%.

Deutsche Boerse operates as an exchange organization in Europe, the United States, and the Asia-Pacific and engages in the electronic trading of derivatives, foreign exchange, operating Eurex Repo over the counter (OTC) trading platform and electronic clearing architecture. It surpassed estimates in each of the last four quarters, with the average positive surprise being 15.38%.

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