ICE Appoints Caterina Caramaschi to Head of Combined Global Interest Rate and Equity Derivatives Product Portfolio | news
NEW YORK & LONDON–(BUSINESS WIRE)–March 3 October 2022–
Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure and home of the most liquid markets for trading FTSE®, MSCI® and European multi-currency interest rate derivatives, today Caterina Caramaschi as head of a combined portfolio , covering ICE’s global interest rate and equity derivatives futures and options.
Caramaschi, who will become Vice President Financial Derivatives, has been with ICE and formerly LIFFE for 21 years. Since December 2020 she has been Global Head of Equity Derivatives at ICE.
“Caterina demonstrates many of the qualities that define ICE leaders through teamwork, collaboration and a focus on solving our clients’ problems, no matter how complex, every day,” said Trabue Bland, SVP, Futures Exchanges at ICE. “As head of a product group covering some of the largest benchmarks in interest rates and equity derivatives, at a time when investor priorities are firmly focused on interest rate changes and the global economic outlook, Caterina can leverage Caterina’s two decades of experience in the financial markets and the… Relationships nurtured during this time will be invaluable as we develop these products for the benefit of our customers.”
In her new role, Caramaschi will assume responsibility for ICE’s interest rate futures markets, which include ICE’s benchmark futures Euribor, UK Gilt, SONIA, SARON and mortgage rate locks, as well as its global equity derivatives complex, which provides clients with the most liquid markets in around the world to trade derivatives based on MSCI® and FTSE® indices as well as the NYSE FANG+® index.
Open interest in Euribor is up 85% y/y to approximately 18 million contracts, with average daily volume (ADV) up 83% to 1.47 million contracts, reflecting how clients are using Euribor Using futures and options to manage Euro-denominated interest rate risk and expectations for the Eurozone economy.
ADV in ICE’s equity derivatives complex is up 16% year-on-year to approximately 456,000 contracts, with approximately 4.5 million contracts open interest, while ADV in ICE’s MSCI® futures is up 21% year-on-year, with an open interest of about 1.84 million. Across ICE’s FTSE® complex, ADV is up 7% year-on-year to 184,400 contracts, with open interest up 8% year-to-date to about 2.6 million.
FTSE® and the FTSE Indices are trademarks and service marks of the London Stock Exchange plc and the Financial Times Limited and are used under license. MSCI® and the MSCI indices are trademarks and service marks of MSCI Inc. or its affiliates and are used under license.
About the intercontinental exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks that connect people with opportunity. We offer financial technology and data services across all major asset classes, giving our clients access to mission-critical workflow tools that increase transparency and operational efficiencies. 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 services and execution capabilities provide the information, analytics and platforms that help our clients seize opportunities and work more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the US mortgage process from consumer engagement to loan registration. Together we transform, streamline and automate industries to connect our customers to opportunity.
ICE and/or its affiliates’ brands include Intercontinental Exchange, ICE, ICE Block Design, NYSE and New York Stock Exchange. Additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates may be found here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-Based Investment Products Regulations can be found on the relevant exchange’s website under the heading “Key Information Documents (KIDS)”.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 — Statements in this press release relating to 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 that could cause actual results to differ from those contained in the forward-looking statements, please see ICE’s filings with the Securities and Exchange Commission (SEC), including but not limited to the Risk Factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2021 as filed with the SEC on February 3, 2022.
Category: Exchanges
ICE CORP
Source: Intercontinental Exchange
View source version on businesswire.com: https://www.businesswire.com/news/home/20221003005554/en/
CONTACT: ICE media contact:
Rebekah Mitchel
+44 7951 057 351
ICE contact for investors:
Katia Gonzalez
(678) 981-3882
KEY WORD: EUROPE UNITED STATES UNITED KINGDOM NORTH AMERICA NEW YORK
INDUSTRY KEY WORD: SOFTWARE NETWORKS DATA ANALYSIS FINANCE DATA MANAGEMENT PROFESSIONAL SERVICES TECHNOLOGY FINTECH
SOURCE: Intercontinental Exchange
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PUB: 03/10/2022 08:50 / DISC: 03/10/2022 08:51
http://www.businesswire.com/news/home/20221003005554/en
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