NYSE Archives - The Industry Spread

NYSE Extends Winning Streak as the Home to Technology Innovators

July 16, 2019

The New York Stock Exchange (NYSE), a wholly-owned subsidiary of Intercontinental Exchange (NYSE: ICE), showed again why it is the exchange group of choice for the world’s most innovative technology companies, adding $110 billion in technology market capitalization and raising 75 percent of technology IPO proceeds in the U.S. during the first half of 2019. Overall, the NYSE extended its leadership as the world’s premier listings venue, raising a total of $20.9 billion in proceeds.

ICE Data Indices Recognized As Third Country Benchmark Administrator By The UK’s Financial Conduct Authority

June 25, 2019

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that ICE Data Indices, LLC has been recognized as a third country benchmark administrator under Article 32 of the European Union’s Benchmarks Regulation (BMR). Recognition was granted by the UK’s Financial Conduct Authority (FCA) on May 24, 2019.

FINRA’s Financial Capability Survey is Released

June 24, 2019

Among the findings in the NSFC, was that forty-one percent of respondents reported spending less than their income. The study also found, “36% spend about equal to their income, and 19% spend more than their income. These percentages have remained consistent across all four NFCS waves.

Intercontinental Exchange Appoints John Tuttle Vice Chairman and Chief Commercial Officer of NYSE Group and Michael Blaugrund Chief Operating Officer of NYSE Group

June 11, 2019

Intercontinental Exchange, Inc. (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced today that John Tuttle has been appointed Vice Chairman and Chief Commercial Officer of NYSE Group. In this expanded new role, Tuttle will lead commercial outreach and business development of NYSE Group, spearhead its efforts to win the largest IPOs, grow the exchange’s community of 2,300 listed companies, and oversee creation of new offerings for industries such as biotechnology and other growing sectors of the economy.

FINRA’s AML Program Explained

May 13, 2019

He continued by saying that money laundering occurs in three stages: 1) placement stage (in the introduction of illicit into the financial system) 2) layering, a process of transactions to disguise the origin of the funds 3) reintegration, where funds are reintegrated into the legitimate economy.

FINRA Budget Examined

April 24, 2019

It’s consistent with our guiding principles that we will rely on our reserves before we take price increases,” he said. “More importantly, I’m not worried about the draw down this year on reserves because we continue to look at ways to operate the place more effectively and efficiently.”

Intercontinental Exchange Launches Eight New Regional MSCI Futures Contracts

April 17, 2019

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses, announced the launch of eight new regional MSCI futures contracts. The new contracts, which started trading yesterday, are listed on ICE Futures U.S. and five expiry months have been listed for each contract: June 2019, September 2019, December 2019, March 2020 and June 2020.

Growing Volume of eNotes Signals Surge in Digital Mortgages, According to Merscorp Holdings, Inc. (MERS)

April 16, 2019

ntercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, and its subsidiary MERSCORP Holdings, Inc. (“MERS”) today announced that the number of eNotes added to the MERS® eRegistry during the first quarter of 2019 exceeded the total number of eNotes registered for all of 2018. An electronic note, or eNote, is the functional equivalent of a paper promissory note when created in conformity with eCommerce law requirements, and upon origination, is registered on the MERS® eRegistry.