ICE and risQ set to help municipal bond ecosystem better manage climate risk

Maria Nikolova

The collaboration aims to help enable the municipal bond ecosystem to incorporate climate risk into project and investment decisions.

Intercontinental Exchange (NYSE:ICE) and risQ, Inc., a Boston-based start-up focused on climate risk analytics, today announced a partnership aiming to help enable the municipal bond ecosystem to incorporate climate risk into project and investment decisions.

risQ has developed a comprehensive analytics platform combining climate science, catastrophe modeling and geospatial machine learning technology. The platform is capable of analyzing climate risk for all obligors and issuers of municipal bonds, delivering financially quantitative output across the key climate risks. The analytics are agile across all maturities, obligors and boundaries, from the largest counties and school districts, to the smallest utilities and development districts, and across the most complex hospital systems and transport authorities.

As part of the collaboration, risQ will exclusively provide ICE Data Services with its actionable climate data to connect to municipal security-level information, allowing analysis and comparison from specific securities to entire portfolios. This will be offered as an integrated service with ICE Data Services’ leading municipal pricing and reference data, offering a new tool to quantitatively measure climate risk in municipal bonds.

Mark Heckert, Chief Product Officer at ICE Data Services, explains:

“By applying geospatial climate data to specific municipalities and securities, risQ has created a ground-breaking data product that leverages our strengths in the fixed income markets. These new capabilities enable us to offer a unique product that helps market participants better manage climate risk as part of their overall investing and risk management processes.”

ICE Data Services and risQ aim to launch the municipal climate package by the end of the first quarter of 2020.

Read this next

Institutional FX

FIA EXPO: ICE’s Brian Norris talks ESG investment, carbon credits and market data

The FIA Futures & Options Expo, now in its 38th year, convened the listed derivatives dealers, thought industry leaders and other stakeholders for two days of networking.

Retail FX

Malaysia regulator exposes OctaFX clone, shady FB profiles

Malaysia’s financial regulator today warned online investors about the risks of following investment tips made on social-media platforms.

Digital Assets

Crypto trading volume spikes at Swiss bourse amid FTX collapse

The shockwaves from the historic collapse of Sam Bankman-Fried’s crypto empire are still being felt across the industry, but some trading venues are actually doing better because of it.

Executive Moves

CMC Markets adds Camilla Boldracchi to institutional sales

UK’s biggest spread better, CMC Markets has promoted Camilla Boldracchi to take on an expanded role within its institutional sales desk.

Institutional FX

FXSpotStream reports $1.48 trillion in monthly volume for November

FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, reported its operational metrics for November 2022, which moved higher on a yearly basis but reflected weak performance across executed trade volumes when weighed against the figures of the prior month.

Retail FX

Interactive Brokers’ client activity drops 30% YoY

Interactive Brokers LLC (NASDAQ:IBKR) saw 1.95 million daily average revenue trades, or DARTS, in November 2022 compared to 1.96 million transactions in the prior month.

Digital Assets

The rise of Crypto ETPs in traditional exchanges as crypto winter deepens

Institutional investors are increasingly looking at traditional regulated exchanges as their first route into digital assets amid market turmoil caused by the crypto winter and the collapse of several big names within the space, including FTX. Acuiti and Eurex surveyed 191 buy and sell-side firms on their views of the digital assets markets in order […]

Digital Assets

TP ICAP’s crypto arm receives FCA’s go-ahead

UK interdealer broker TP ICAP has received a regulatory go-ahead to launch its cryptocurrency services in the UK. The bid shows that the recent collapse of FTX exchange has done little to damp the interest of big names in running their own crypto business.

Industry News

Coin Signals founder to pay $2,847,743 after prison sentence over crypto Ponzi scam

The U. S. District Court for the Southern District of New York has ordered Jeremy Spence, founder of Coin Signals, to pay $2,847,743 in restitution to victims of a fraudulent virtual currency scheme.