<p> Intercontinental Exchange (<a href=”https://www.financemagnates.com/tag/ice/” target=”_blank” rel=”follow”>ICE</a>), a major operator of global exchanges and <a href=”https://www.financemagnates.com/terms/c/clearing/” target=”_blank” id=”6c3ba510-6f30-4e6e-9b3a-f43b62dcb8d3_1″ class=”terms__main-term” rel=”follow”>clearing</a> houses, has announced its Global Network expansion in the APAC region, opening new access centers in Tokyo, Hong Kong, and Shanghai.</p><p class=”MsoNormal”>According to the press release on Thursday, the move comes in the wake of important investments in the <a href=”https://www.financemagnates.com/tag/apac/” target=”_blank” rel=”follow”>Asia-Pacific region</a>, putting the managed services offering on par with other main financial centers operating in Europe and the United States.</p><p class=”MsoNormal”>ICE to Provide Ultra-Low Latency Access to Asian Exchanges</p><p class=”MsoNormal”>With the new access points, ICE will be able to provide ultra-low-latency access to local exchanges, including the Shanghai Futures Exchange (SHFE), the Japan Exchange Group (JPX) and the Hong Kong Stock Exchange (<a href=”https://www.financemagnates.com/tag/hkex/” target=”_blank” rel=”follow”>HKEX</a>). </p><p class=”MsoNormal”>”Although Asia is an area of opportunity for many firms, the region has lacked a one-stop provider for access to global markets and key hosting services,” Amanda Hindlian, the President of Fixed Income and Data Services at ICE, said. </p><p class=”MsoNormal”>“As we look across all of the solutions that we provide, we’re committed to offering a consistent service globally, providing ultra-low-latency and high resiliency to the market, which helps our customers manage risks and find opportunities in the most efficient ways possible.”</p><p class=”MsoNormal”>ICE Global Network is a globally-diversified backbone network that connects markets from different parts of the world. Access centers deployed close to major exchanges and financial centers help reduce data transmission latency, speed up order <a href=”https://www.financemagnates.com/terms/e/execution/” target=”_blank” id=”60010adb-9e25-4bff-9822-c9210deec853_1″ class=”terms__secondary-term”>execution</a> and enhance security.</p><p>ICE Closed Strong Third Quarter 2022</p><p class=”MsoNormal”>The leading global market infrastructure provider reported its third quarter financial last month, showing a net revenue rise of 3% to $1.8 billion yearly. The Q3 2022 operating income rose even higher, by +7% compared to the same period a year before, to $913 million.</p><p class=”MsoNormal”>“Through the first nine months of the year, we have grown revenues and operating income. This strong performance, including compounding growth in our recurring revenues across all three business segments is a testament to the power of our diverse business model,” Warren Gardiner, the Chief Financial Officer at ICE, said.</p><p class=”MsoNormal”>Earlier this month, <a href=”https://www.financemagnates.com/tag/intercontinental-exchange/” target=”_blank” rel=”follow”>Intercontinental Exchange</a> released the latest turnover statistics. During the month of November, average daily volumes (ADVs) for the Natural Gas market rose 14% and 17% for Ags and Metals, respectively. ADV for Equity Indices gained 16% compared to November last year.</p>
This article was written by Damian Chmiel at www.financemagnates.com.
