ICE Announces Record 27,876 MICRO NYSE FANG + ™ Index Futures Traded January 4 | Business
NEW YORK – (BUSINESS WIRE) – January 6, 2022–
Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced that a record 27,876 index futures contracts Micro NYSE FANG + â¢ was traded on January 4, 2022.
â2021 has been a remarkable year for the US tech sector and much attention has been paid to FAANG stocks and the NYSE FANG + â¢ index, including the recent addition of MicrosoftÂ® stock to the indexâ , said David Goone, chief strategy officer. at ICE. âIt’s great to see that 2022 has started with such strong activity in our MICRO NYSE FANG + â¢ Index Futures, which shows the continued importance of these stocks to the investment community. “
MICRO NYSE FANG + â¢ Index Futures are based on ICE’s NYSE FANG + â¢ Index, an equal-weight index that provides exposure to 10 highly traded technology and technology-related companies. The stocks currently comprising the index are: AlibabaÂ®, AmazonÂ®, AppleÂ®, BaiduÂ®, FacebookÂ® (Meta Platforms), GoogleÂ® (Alphabet), MicrosoftÂ®, NetflixÂ®, NVIDIAÂ® and TeslaÂ®. The NYSE FANG + â¢ Index has consistently outperformed many other indices, producing an annualized gross total return of 31.93% from September 19, 2014 to December 31, 2021 *.
To provide greater flexibility, better profitability and greater accessibility to a wider range of participants, ICE reduced the notional value of the MICRO NYSE FANG + â¢ index futures contract by one tenth in September 2020 to one tenth. notional value of approximately $ 35,000 and has seen steady growth in market participation. in the contract throughout 2021.
For more information on MICRO NYSE FANG + â¢ Index Futures, visit https://www.theice.com/fangplus.
* The NYSE FANG + â¢ index was launched on September 26, 2017. Past performance (September 19, 2014 to September 25, 2017) is based on benchmark calculations tested a posteriori.
About the intercontinental exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services in major asset classes that provide our clients with access to essential workflow tools that increase transparency and operational efficiency. We operate Exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our global fixed income data services and execution capabilities provide insights, analytics, and platforms that help our clients take advantage of opportunities and operate more efficiently. AT ICE Mortgage Technology, we’re transforming and digitizing the US residential mortgage process, from consumer engagement to loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunities.
All product names, logos, brands and other marks or images mentioned in this press release are the property of their respective owners.
Trademarks of ICE and / or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE, and New York Stock Exchange. Information regarding trademarks and additional intellectual property rights of Intercontinental Exchange, Inc. and / or its affiliates can be found here. The key information documents for certain products covered by the EU Retail and Insurance Investment Products Regulation can be accessed on the website of the relevant exchange under the heading ‘Key Information Documents (KIDS ) â.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 – Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risk and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in forward-looking statements, see documents filed by the Securities and Exchange Commission (SEC) of ICE, including, but not limited to be limited to the risk factors in ICE’s annual report. Report on Form 10-K for the fiscal year ended December 31, 2020, as filed with the SEC on February 4, 2021.
AppleÂ® is a registered trademark of Apple, Inc. FacebookÂ® is a registered trademark of Facebook, Inc. Meta â¢ is a trademark of Facebook, Inc. AmazonÂ® is a registered trademark of Amazon Technologies, Inc. NetflixÂ® is a registered trademark of Netflix, Inc. GoogleÂ® is a registered trademark of Google, Inc. AlibabaÂ® is a registered trademark of Alibaba Group Holding Limited. BaiduÂ® is a registered trademark of Baidu, Inc. NvidiaÂ® is a registered trademark of Nvidia Corporation. TeslaÂ® is a registered trademark of Tesla, Inc. MicrosoftÂ® is a registered trademark of Microsoft Corporation. None of the foregoing entities are affiliated with, endorsed by or sponsored by Intercontinental Exchange, Inc. or any of its subsidiaries or affiliates. The inclusion of entity names in this press release does not prove a relationship with any of these entities in relation to the NYSEÂ® FANG + â¢ Index and does not constitute an endorsement or sponsorship by any of these NYSEÂ® FANG + â¢ Index entities or this press release.
Source: Intercontinental exchange
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220106005442/en/
CONTACT: ICE media contact:
+44 7951 057 351
Contact for ICE investors:
Mary caroline o’neal
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: FINANCIAL SECURITY DATA MANAGEMENT PROFESSIONAL SERVICES TECHNOLOGY
SOURCE: Intercontinental exchange
Copyright Business Wire 2022.
PUB: 06/01/2022 08: 00 / DISC: 06/01/2022 08:02
Copyright Business Wire 2022.