ICE Launches FTSE South Korea Index Futures
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy ICE?
Source: seekingalpha
- New Futures Contract Launch: Intercontinental Exchange (ICE) launched the FTSE South Korea RIC Capped Index Futures (code: SKO) on Monday, which has received CFTC approval, marking ICE's further expansion into the Asian market.
- Regulatory Compliance Design: The new contract incorporates FTSE Russell's RIC Capped methodology, aimed at supporting regulatory alignment and limiting single-name concentration, thereby enhancing market stability and investor confidence.
- Market Participation Convenience: The FTSE Korea futures are USD-denominated, allowing U.S.-based market participants to trade directly, which further enhances ICE's liquidity and attractiveness in the global futures market.
- Strategic Collaboration Advantage: The launch of this contract is a result of ICE's collaboration with FTSE Russell and the Korea Exchange, leveraging the market expertise of all parties to strengthen ICE's competitive position in the global financial markets.
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Analyst Views on ICE
Wall Street analysts forecast ICE stock price to rise
10 Analyst Rating
9 Buy
1 Hold
0 Sell
Strong Buy
Current: 149.830
Low
174.00
Averages
191.60
High
223.00
Current: 149.830
Low
174.00
Averages
191.60
High
223.00
About ICE
Intercontinental Exchange, Inc. provides financial technology and data services across major asset classes, helping its customers access workflow tools that increase transparency and efficiency. Its Exchanges segment operates regulated marketplace technology for the listing, trading and clearing of an array of derivatives contracts and financial securities as well as data and connectivity services related to its exchanges and clearing houses. Its Fixed Income and Data Services segment provides fixed income pricing, reference data, indices, analytics and execution services as well as global credit default swaps (CDS), clearing and multi-asset class data delivery technology. Its Mortgage Technology segment provides a technology platform that offers customers comprehensive, digital workflow tools that aim to address inefficiencies and mitigate risks that exist in the United States residential mortgage market life cycle, from application through closing, servicing and the secondary market.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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