ATLANTA & NEW YORK – (COMMERCIAL THREAD) – Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced the launch of its weather forecast data on its ICE platform Connect. ICE Connect users can now access an unprecedented ability to connect streaming weather data to streaming tick information, making it easier for customers to see how changing weather forecasts are influencing live market prices.

Temperature, degree days, precipitation, visibility, wind and solar radiation are some of the weather factors that can impact energy, agriculture and other weather sensitive instruments. . The ability to understand the effects of these forecast variables is crucial for traders, analysts and meteorologists. ICE’s proprietary technology provides its customers with a solution to organize, quantify and digitize vast amounts of streaming weather and price data that are converted into actionable information.

“Access to a comprehensive collection of global weather data mapped to safety level information gives ICE customers a unique ability to make more informed decisions,” said Maurisa Baumann, senior manager of office products at ICE . “Investors, traders and market participants also focus on the relationship between climate, weather and markets as they seek to manage risk and uncover opportunities. ICE’s weather solution provides another compelling resource for users to plot, analyze and understand the growing relationships between weather forces and their impact on price data.

By combining streaming weather data with ICE’s extensive collection of pricing data, customers can now interact with weather and tariff information to understand and analyze the impact of streaming weather forecasts on energy prices, agriculture and other instruments sensitive to weather conditions. Users can easily visualize and quantify the location and intensity of weather events, which helps them better understand market price movements. ICE has also introduced an innovative weather data symbology that allows users to easily access raw weather data in daily or hourly format for more in-depth statistical analysis of market data.

ICE’s weather platform uses data from some of the world’s most trusted government weather forecast models, including the Global Forecast System and the European Center for Medium Range Weather Forecasts, providing customers with comprehensive model data. The solution offers higher spatial and temporal resolution than these sources, which provides users with a more accurate version of these government weather forecast models. It also contains weather forecasts and observations for thousands of global weather locations, including daily and hourly intervals. All weather forecasts are permanently archived and weather observations go back 40 years for all forecast variables across locations.

ICE continues to develop tools that allow users to better understand the role that ESG considerations and non-financial factors play in uncovering market opportunities and understanding risks. ICE recently launched ICE Climate Risk, which applies climatic, economic and demographic geospatial data to enable analysis and comparison between specific municipalities and securities.

ICE Weather is now available through ICE Connect. For more information on ICE’s weather offering, please visit: https://www.theice.com/market-data/desktop-solutions/ice-connect/weather-data.

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 comprehensive fixed income data services and execution capabilities provide insight, analysis and platforms that help our clients capitalize on 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.

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 Regulation on retail and insurance-based investment products can be accessed on the website of the corresponding exchange under the heading “Key information documents (KIDS) ”.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 – Statements in this press release regarding ICE’s activities 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.

SOURCE: Intercontinental exchange

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