ICE Changes Name of NYSE FANG+™ Index Futures to Reflect New Contract Size

Contract will be called the MICRO NYSE FANG+™ Index Futures Contract

ATLANTA & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listing services, today announced it will change the name of the NYSE FANG+™ Index Futures Contract to reflect plans to change the contract size, which will lower the notional value of the contract. The new name will be the MICRO NYSE FANG+™ Index Futures Contract.

ICE plans to reduce the multiplier for the contract, which determines the notional value of each futures contract, to $5 times the index from the current $50, effective September 28, 2020. With this change, the notional value of each futures contract will be approximately $25,000, or one tenth the current size. This change will allow the contract to better match the needs of a wide range of investors.

MICRO NYSE FANG+™ Index futures are based on the NYSE FANG+™ Index, administered by ICE Data Indices, LLC, and are designed to offer hedging, exposure and the capital efficiency of futures to a select group of highly traded growth stocks of tech-enabled companies. The NYSE FANG+™ Index has had a cumulative total return of over 269% since the start of 2017 and a return of over 100% since bottoming out in March 2020*.

The NYSE FANG+™ Index is equally weighted and includes the five core FAANG stocks - Facebook, Apple, Amazon, Netflix and Google (Alphabet) - plus Tesla and four other actively-traded technology growth stocks - Alibaba, Baidu, NVIDIA and Twitter. It is calculated and disseminated through the ICE Data Consolidated Feed under the symbol “NYFANG.”

For more information about MICRO NYSE FANG+™ Index Futures, please visit: https://www.theice.com/fangplus.

*Returns as of September 9, 2020. The NYSE FANG+™ Index launched on 09/26/2017. Prior performance (09/19/2014 to 09/25/2017) is based upon backtested index calculations.

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is a Fortune 500 company formed in the year 2000 to modernize markets. ICE serves customers by operating the exchanges, clearing houses and information services they rely upon to invest, trade and manage risk across global financial and commodity markets. A leader in market data, ICE Data Services serves the information and connectivity needs across virtually all asset classes. As the parent company of the New York Stock Exchange, the company is the premier venue for raising capital in the world, driving economic growth and transforming markets.

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 http://www.intercontinentalexchange.com/terms-of-use. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

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.

NYSE FANG+ Index has been licensed for use in connection with the NYSE FANG+ Index Futures. The NYSE FANG+ Index Futures is not sponsored, endorsed, sold or promoted by ICE Data Indices, LLC. ICE Data makes no representations or warranties (i) regarding the advisability of investing in securities or futures contracts, or (ii) that any such investment based upon the performance of the NYSE FANG+ Index particularly, or the ability of the NYSE FANG+ Index will track general stock market performance.

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, 2019, as filed with the SEC on February 6, 2020.

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