ICE Introduces Weather Forecast Data and Analytics on ICE Connect Platform

Intercontinental Exchange, Inc. (ICE) announced the launch of its weather forecast data on its ICE Connect platform. ICE Connect users can now access a first in kind ability to connect streaming weather data to streaming tick information, making it easier for customers to see how changing weather forecasts influence live market prices. Temperature, degree days, precipitation, visibility, wind and solar radiation are a few meteorological factors that have the potential to impact energy, agriculture and other weather-sensitive instruments. The ability to understand the effects of these forecast variables is crucial to traders, analysts and meteorologists. ICE’s proprietary technology offers its customers a solution that helps organize, quantify and digitize vast amounts of streaming weather and price data that is converted into actionable insights. By combining streaming weather data with ICE’s extensive collection of pricing data, customers can now interact with weather and price information to understand and analyze the impact streaming weather forecasts have on energy, agriculture and other weather-sensitive instrument prices. Users can easily visualize and quantify the location and intensity of weather events, which helps them better understand market price movements. ICE has also introduced an innovative weather data symbology that allows users to easily access raw weather data in a daily or hourly format for deeper statistical analysis of market data.