ICE

Happy 4th of July! The markets are closed today in honor of our Independence Day 🇺🇸

Think you've got the brains to crack the code? Join the ICE Hackathon 2024, in partnership with T-Hub, a 24-hour epic challenge designed to push your limits and unearth the brightest minds in cybersecurity. Here's what awaits you: 💰 Compete for a whopping ₹1.75 Lakh prize pool! 👨💻 Launch your cybersecurity career with ICE! 🤝 Network with industry experts and fellow hackers! ⚙ Sharpen your skills in a fun and competitive environment! We invite college students who are passionate about cybersecurity (individuals or teams of 3). Innovate in password cracking while championing fair play. 🔗 Register now to be in for the thrill: https://lnkd.in/g2GvJNNv Steve P. | Ashwini Panse | Yuvaraju Atmakuri | Rajesh D (Raj) | Vishnu Teja T | Rahul Krishna | Ashia Avasthi | Anvesh Nandamuru #InnovationEcosystem #InnovatewithTHub #ICE #Hackathon #Coding

May mortgage data is out, and the numbers hint at a potential tipping point in the refinance sphere. ICE's latest Mortgage Monitor report, published this morning, shows a noticeable spike among loans originated over the past two years with rates of exactly 6.875% — perhaps more due to the psychological appeal of having a mortgage rate with a 6 on the front rather than rate or savings dynamics. In fact, 690,000 vintage loans from 2022-2024 are at rates just below 7%, and more than 4 million first lien mortgages originated since 2022 have 30-year rates above 6.5%.   Why is that so important?   Because from a refinance perspective, it's that spike of borrowers with mortgages in the high 6% rate range who are likely to move the needle toward more meaningful, albeit still historically modest, refinance volumes if and when rates ease. What's more, the dynamics in refi activity (cash-out vs. rate/term) have shifted slightly as well.   Read the full report here for more detail: https://lnkd.in/gKQgYz6Z

ICYMI, ICE President of Fixed Income & Data Services Christopher Edmonds joined NYSE TV to discuss ICE Clear Credit’s plans to launch clearing for U.S. Treasury securities – and how our well-established playbook will help bring transparency and resilience to the markets.    Watch the full interview for more: https://lnkd.in/eXnERjVc

In the first half of 2024, NYSE listed 7 of the 10 largest U.S. transactions, raising an industry-leading $12 billion in IPO proceeds. Catch the highlights ⤵️ https://lnkd.in/eJT9Djzy

Was a pleasure catching up with Razan Salman, Senior Economy and Government Reporter at CNN Business Arabic | الاقتصادية CNN on the ground in Abu Dhabi. Was one of many great discussions I’ve had at this year’s Global Sustainability Forum around how the “Conference of Partners” approach embraced by the UAE Consensus; promoting public, philanthropic and private sector collaboration, together with the layering of information technology into the deployment of mega energy projects (and a sprinkling of carbon pricing) can deliver a pragmatic energy transition and a Net Zero pathway! ICE NYSE ADNOC Group Posterity Institute #CSONetwork #GlobalSustainabilityForum

ICE Clear Credit (ICC) – the world’s first credit default swap (CDS) clearinghouse – was launched 15 years ago during the global financial crisis to help mitigate financial systemic risk. Since then, it's become the leading global clearing house for credit derivatives, including Single Name and Index CDS instruments, and options on index CDS.   Here's a closer look into ICC's strong start to 2024. Learn more about ICE Clear Credit: https://lnkd.in/eS9582W8

Join us in congratulating Cecilia Choy for being named a HousingWire 2024 Women of Influence! ✨ Cecilia’s leadership has been instrumental in helping ICE Mortgage Technology be recognized throughout the industry for: • Digitizing the real estate and housing finance lifecycle • Improving the homebuying experience • Making the American dream of homeownership a reality Read more about the impact of her work here: https://lnkd.in/g_Rjf9Nm   Well done, Cecilia and congratulations to all the award winners!

From foster care in LA to the classrooms at Yale University, Rob Henderson's journey revealed the "Luxury Beliefs" of the upper-class that harm those in lower socioeconomic backgrounds. He joins Inside the ICE House podcast to discuss the impact of these beliefs & his new memoir "Troubled." Listen today: https://lnkd.in/enyQsmDE

In honor of BNY's 240th anniversary, we’re proud to recognize our longtime industry comrade and the technical innovations BNY has introduced that've helped define the future of finance. To commemorate this milestone, we're celebrating with a showcase of one of the earliest recorded artifacts of our collaboration alongside the most recent:   Photo 1️⃣ : BNY's earliest entry in the NYSE's quotation book on August 4, 1819, with a quoted asking price of $127 ¾. At the time, BNY was one of roughly 30 securities traded on the Exchange.   Photo 2️⃣ : A photo of BNY President & CEO Robin Vince, joined by NYSE President Lynn Martin, before ringing the Closing Bell to commemorate BNY's 240th founding on June 26, 2024.