ICE to Provide OTC Derivatives Pricing and Risk Management Solution to Multinational Mining and Metallurgy Company Eramet S.A.
April 29 2024 - 8:30AM
Business Wire
Intercontinental Exchange, Inc. (NYSE:ICE), a leading global
provider of technology and data, today announced that Eramet S.A.,
a leading French multinational mining and metallurgy company, has
selected ICE’s Portfolio Analytics platform to support pre-trade
price discovery, end of day valuation for derivatives, and foreign
exchange (FX) risk management.
“By using ICE’s Portfolio Analytics offering for derivatives, we
are able to analyze holdings at both a single security and
portfolio level, which can help support informed decision-making
and risk mitigation strategies,” said Nicolas Noel, Group Treasury
and Financing at Eramet S.A. “This capability, coupled with access
to ICE’s comprehensive data and analytics spanning multiple asset
classes, enables us to conduct pre-trade price discovery, end of
day valuation, and price investigation.”
As Eramet S.A. continues to expand its global investment
activities, its treasury and middle-office teams plan to leverage
ICE’s Portfolio Analytics platform to support the firm’s risk
assessments and end of day valuation for derivatives.
“We are well positioned to support firms like Eramet S.A., which
use our robust derivatives offering as part of their Treasury
activity to help mitigate risk,” said Simon Evans, Head of Client
Development, EMEA at ICE Data Services. “The streaming market data
and analytics on ICE’s Portfolio Analytics platform provides
greater transparency into the markets and can help customers
generate new ideas and strategies for investment and risk
management.”
The ICE Portfolio Analytics platform offers streaming market
data and on demand analytics, which include access to pricing and
analytics solutions for simple to exotics cross assets OTC
products, giving Eramet S.A. the ability to price and monitor their
exposure on an intraday basis.
For more information on ICE Data Derivatives solutions, please
visit:
https://www.theice.com/market-data/pricing-and-analytics/derivatives.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500
company that designs, builds and operates digital networks that
connect people to opportunity. We provide financial technology and
data services across major asset classes helping our customers
access mission-critical workflow tools that increase transparency
and efficiency. ICE’s futures, equity, and options exchanges –
including the New York Stock Exchange – and clearing houses help
people invest, raise capital and manage risk. We offer some of the
world’s largest markets to trade and clear energy and environmental
products. Our fixed income, data services and execution
capabilities provide information, analytics and platforms that help
our customers streamline processes and capitalize on opportunities.
At ICE Mortgage Technology, we are transforming U.S. housing
finance, from initial consumer engagement through loan production,
closing, registration and the long-term servicing relationship.
Together, ICE transforms, streamlines and automates industries to
connect our customers to opportunity.
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 here. 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).”
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, 2023, as
filed with the SEC on February 8, 2024.
About Eramet
Eramet transforms the Earth’s mineral resources to provide
sustainable and responsible solutions to the growth of the industry
and to the challenges of the energy transition. Its employees are
committed to this through their civic and contributory approach in
all the countries where the mining and metallurgical group is
present. Manganese, nickel, mineral sands, lithium, and cobalt:
Eramet recovers and develops metals that are essential to the
construction of a more sustainable world. As a privileged partner
of its industrial clients, the Group contributes to making robust
and resistant infrastructures and constructions, more efficient
means of mobility, safer health tools and more efficient
telecommunications devices. Fully committed to the era of metals,
Eramet’s ambition is to become a reference for the responsible
transformation of the Earth’s mineral resources for living well
together.
www.eramet.com
Category: Fixed Income and Data Services
SOURCE: Intercontinental Exchange
ICE-CORP
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version on businesswire.com: https://www.businesswire.com/news/home/20240429839102/en/
ICE Media Contact:
Damon Leavell +1 212 323 8587 damon.leavell@ice.com
media@ice.com
ICE Investor Relations Contact:
Katia Gonzalez +1 678 981 3882 katia.gonzalez@ice.com
investors@ice.com
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