NYSE to launch elite tech index and expand NYSE-listed indices

NEW YORK - Intercontinental Exchange, Inc. (NYSE:ICE), a $104.5 billion market cap company with impressive revenue growth of ~13% over the last twelve months, announced plans to expand its NYSE family of indices with several new offerings, including a next-generation U.S. technology benchmark. According to InvestingPro data, ICE maintains strong financial health with consistent dividend payments for 13 consecutive years.

The NYSE Elite Tech 100 Index, scheduled to launch later this month, will include technology leaders from all U.S. exchanges, update its composition more dynamically with quicker inclusion of IPOs, and focus on highly liquid and investable constituents. The initiative comes as ICE’s stock trades near its 52-week high of $183.99, reflecting strong market confidence in the company’s strategic direction. For deeper insights into ICE’s valuation and growth potential, InvestingPro subscribers can access comprehensive analysis and 12 additional exclusive ProTips.

ICE will also introduce equal-weight versions of existing NYSE indices, including the NYSE Composite, U.S. 100, International 100, World Leaders, and TMT indices. These new offerings will provide greater exposure to small and mid-capitalization companies.

Additional expansions include float market capitalization and equal-weight sector indices based on ICE Uniform Sector classifications, building on the NYSE Energy Index and NYSE Financials Index. The company will also introduce Texas-specific indices featuring NYSE Texas-listed companies and businesses headquartered or incorporated in the state.

"Throughout its 30-year history, the ETF industry has transformed into a key component of the market, providing efficient access to trends for a broad base of investors," said Lynn Martin, President of NYSE Group, in the press release.

ICE currently administers over 7,000 fixed income, equity, currency, commodity, and mortgage indices with more than $2 trillion in assets under management benchmarked to its indices.

The company noted that the proposed indices are not currently live or finalized and remain subject to change, pending final review and approval.

In other recent news, Intercontinental Exchange, Inc. (ICE) reported record trading volumes during the first half of 2025, with 1.2 billion futures and options contracts traded. The company noted that its average daily volume reached 10 million contracts, with significant contributions from energy markets and interest rate trading. In June alone, ICE saw a 21% year-over-year increase in total average daily volume, with notable growth in oil and natural gas markets. UBS raised its price target for ICE to $210 from $195, maintaining a Buy rating, and adjusted its second-quarter earnings per share estimate to $1.78, slightly above the consensus. The firm also revised its revenue forecast upward, citing increased trading activity and favorable conditions in the Financial and Data Services segment. Additionally, ICE announced plans to dual-list on NYSE Texas, while maintaining its primary listing on the New York Stock Exchange. This move reflects the company’s strategic expansion into a new geographic region, leveraging Texas’s business-friendly environment. Finally, UBS reiterated its positive outlook on ICE, highlighting long-term growth opportunities in the company’s core energy and mortgage technology businesses.

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