Intercontinental Exchange and Reddit Collaborate to Create and Distribute Data Products for Capital Markets
11 Février 2025 - 10:15PM
Business Wire
Intercontinental Exchange, Inc. (NYSE: ICE), a leading global
provider of technology and data, and Reddit, Inc., a community of
communities, today announced an agreement for Intercontinental
Exchange to leverage Reddit’s Data API to research, create and
distribute new data and analytics products for the financial
industry. The products will leverage Intercontinental Exchange’s
extensive data science expertise and the vast data available
through Reddit’s Data API to offer innovative datasets and
analytics to participants in capital markets.
“The conversations that take place on Reddit on any given day or
any given minute can offer a real-time look at the news and trends
that are happening around the world,” said Jonathan Flesher, VP
Business Development and Partnerships, Reddit. “These conversations
could be a valuable tool for commercial partners such as ICE to
offer new products to their customers to help improve and inform
trading strategies or algorithms, or understand public sentiment of
markets as they are happening in real time.”
With millions of daily posts, comments, videos and audio, Reddit
captures a full spectrum of public opinions and trends that can be
used by financial market participants for aggregated sentiment
analysis, early trend identification and custom analytics.
“The rich data set that flows across a platform like Reddit has
the potential to provide opportunities for our customers as they
look for new opportunities in global markets,” said Chris Edmonds,
President of Fixed Income and Data Services at Intercontinental
Exchange. “We look forward to leveraging our deep experience with
alternative datasets to create products and services utilizing
Reddit’s Data API that can help give our customers valuable
insights into the markets and also help them manage risk across
their portfolios.”
By applying Intercontinental Exchange’s extensive data science
and machine learning expertise, and infrastructure to the vast set
of content provided over Reddit, this collaboration seeks to
identify datasets and product offerings that provide transparency
and insight into the trends that are moving global markets. Some of
the potential use cases include portfolio optimization, algorithmic
trading, event-driven strategies, risk management and due
diligence.
About Reddit, Inc.
Reddit is a community of communities. It’s built on shared
interests, passion, and trust and is home to the most open and
authentic conversations on the internet. Every day, Reddit users
submit, vote, and comment on the topics they care most about. With
100,000+ active communities and approximately 97+ million daily
active unique visitors, Reddit is one of the internet’s largest
sources of information.
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, 2024, as
filed with the SEC on February 6, 2025.
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/20250211782623/en/
ICE Media Contact: Damon Leavell damon.leavell@ice.com
(212) 323-8587
media@ice.com
ICE Investor Contact: Katia Gonzalez
katia.gonzalez@ice.com (678) 981-3882
investors@ice.com
Reddit Media Contact: Tim Rathschmidt tim@reddit.com
(646) 808-6439
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