Company Website:
https://www.intercontinentalexchange.com/index
ATLANTA & NEW YORK -- (Business Wire)
Intercontinental Exchange (NYSE:ICE), a leading operator of global
exchanges and clearing houses and provider of data and listings
services, announced the launch of the NYSE
FANG+TM Index, an index that provides exposure to a
select group of highly-traded growth stocks of next generation
technology and tech-enabled companies. On November 8, 2017, ICE Futures
U.S. plans to launch a quarterly futures contract based on the NYSE
FANG+ Index, subject to regulatory review.
The NYSE FANG+ Index is equal-weighted and will initially consist of the
five core FANG stocks, including Facebook, Apple, Amazon, Netflix and
Alphabet’s Google, plus another five actively-traded technology growth
stocks -- Alibaba, Baidu, NVIDIA, Tesla and Twitter. Starting today, the
real-time NYSE FANG+ Index will be calculated and disseminated through
the NYSE
Global Index Feed under the symbol “NYFANG.”
The launch of the futures contract on ICE Futures U.S. is designed to
offer hedging of and exposure to the NYSE FANG+ Index with the capital
efficiency of futures, and will complement the exchange’s equity index
futures complex.
“Given their size, performance and innovation, the FANG stocks are among
the most widely traded stocks and we’re pleased to offer a capital
efficient means of accessing and hedging these growth stocks in a
cost-effective way,” said Trabue Bland, President of ICE Futures U.S.
“We are leveraging our product development, index solutions and global
feeds to develop, distribute and trade this new index future.”
Based on back-tested performance data, the combination of stocks in the
NYSE FANG+ Index have returned a 28.44% annualized total return from
September 19, 2014 to September 15, 2017, as compared to 14.89% for the
NASDAQ-100®, 9.86% for the S&P 500® and 16.80% for the S&P 500®
Information Technology Index. More information on the NYSE FANG+ Index’s
performance, data and trading the futures contract can be found at https://www.theice.com/fangplus.
About Intercontinental Exchange
Intercontinental
Exchange (NYSE:ICE) is a Fortune 500 company that operates a leading
network of global futures,
equity and equity options exchanges, as well as global
clearing and data
services across financial and commodity markets. The New
York Stock Exchange is the world leader in capital raising, listings
and equities trading.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual property
rights of Intercontinental Exchange, Inc. and/or its affiliates is
located at www.intercontinentalexchange.com/terms-of-use.
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 risks and uncertainties. For a discussion of additional risks
and uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements, see ICE's Securities and
Exchange Commission (SEC) filings, including, but not limited to, the
risk factors in ICE's Annual Report on Form 10-K for the year ended
December 31, 2016, as filed with the SEC on February 7, 2017.
Disclaimer
Apple® is a registered trademark of Apple, Inc.
Facebook® is a registered trademark of Facebook, Inc.
Amazon® is a registered trademark of Amazon Technologies, Inc.
Netflix® is a registered trademark of Netflix, Inc.
Google® is a registered trademark of Google, Inc.
Alibaba® is a registered trademark of Alibaba Group Holding Limited
Baidu® is a registered trademark of Baidu.com, Inc.
Nvidia® is a registered trademark of Nvidia Corporation
Tesla® is a registered trademark of Tesla, Inc.
Twitter® is a registered trademark of Twitter, Inc.
S&P 500® is a registered trademark of Standard & Poor’s Financial
Services LLC
NASDAQ-100® is a registered trademark of NASDAQ, INC.
None of the foregoing entities are affiliated with, endorsed by, or
sponsored by Intercontinental Exchange, Inc., or any of its subsidiaries
or affiliates, and the inclusion of the entities on our web site does
not evidence a relationship with those entities in connection with the
Index, nor does it constitute an endorsement by those entities of the
Index or NYSE.
SOURCE: Intercontinental Exchange
ICE-CORP
View source version on businesswire.com: http://www.businesswire.com/news/home/20170926005655/en/
Contacts:
Media Contact:
Damon Leavell
Damon.Leavell@theice.com
212-323-8587
or
Investor
Contact:
Warren Gardiner
Warren.Gardiner@theice.com
770-835-0114
Source: Intercontinental Exchange
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