NEW YORK – The New York Stock Exchange (NYSE), operated by Intercontinental Exchange (NYSE: NYSE:), has established the NYSE Tech Council, a collection of senior technology executives from companies listed on the exchange. The council aims to foster thought leadership and share practical best practices in technology, with an initial focus on cybersecurity and artificial intelligence (AI) applications.
The NYSE Tech Council, comprised of chief technology officers, chief information officers and other chief technology officers, operates like other NYSE thought leadership groups and serves the interests of 2,400 publicly traded issuers. The establishment of this council highlights the importance of innovation and security in today's digital business environment.
New York Stock Exchange President Lynn Martin emphasized the council's role in helping NYSE-listed companies achieve their technology-driven goals. He noted that the NYSE community could leverage the council's insights to further its ambitions to raise capital and deliver global change.
NYSE Chief Information Officer Chuck Adkins expressed confidence in the council's unique position to take advantage of the vast opportunities in technology for the NYSE community. The purpose of this council is to foster discussions among market leaders to optimize the use of AI, cybersecurity, and other important technological advances.
The announcement follows a series of technology upgrades by the NYSE, including the completion of a multi-year enhancement of trading technology in October 2023. The NYSE Pillar technology platform, noted for its performance and reliability, currently powers all NYSE exchanges and key US exchanges. Stock market data infrastructure.
Information about the NYSE Tech Council is based on press releases.
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Investment Pro Insights
Intercontinental Exchange (NYSE:ICE), the parent company of the New York Stock Exchange, has been a consistent performer in terms of financial metrics. Over the past 12 months to Q1 2024, the company has shown solid revenue growth of 15.0%, reflecting the successful integration of technology in market operations. This growth is further evidenced by a significant 20.78% increase in quarterly revenue in Q1 2024, demonstrating the company's adaptability and innovation in the competitive environment.
Investors keeping an eye on ICE stock can note that its current P/E ratio is 29.88. This indicates that the stock is trading at a discount relative to its near-term earnings growth potential. This is supported by the company's PEG ratio of 0.45 during the same period, suggesting the stock may be undervalued based on earnings growth.
One notable InvestingPro tip about ICE is its laudable track record of raising its dividend for 12 consecutive years, demonstrating its commitment to returning value to shareholders. Additionally, ICE has maintained its dividend payments over the same period, with a recent dividend yield of 1.34%, which could be attractive to income-oriented investors.
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