You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
On ICE: -1st eBay, now Ellie Mae. -March and rates going at zero. -Passive investing in equities. Crossed my mind that they're waving goodbye to buoyant trading for half a decade and are looking outside capital markets.
The flip side of the ICE coin: - dominant global oil & nat gas futures franchise - stable, consistently growing fixed income data business - M&A story now in action w/mortgages as FinSkirt lays out
Sprecher calls ICE a distribution channel that needs "must have" content. Trading futures is sticky, clearing CDS is sticky. IDC sticky but lacks dynamism of daily trading vols. Now they're strapping on an ETF hub. Mortgages unusual but Ellie Mae - sticky distribution channel.
Don’t think mortgages unusual as they fit perfectly in Sprecher’s quest to find asset classes that are big and need to go from, in his words, “analog to digital”. Down the road more trading of mortgages (in diff forms) will become part of the ICE mosaic.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
% agree with you. If Refinitiv crosses the finish line, it is a game changer. ICE’s acquisition of Ellie Mae another notable one. I find it amusing that everyone is b&itching about the price paid & not seeing the long term opportunity of soup to nuts digitization of mortgages.