Bloomberg: ICE, Parent Company of NYSE, Plans to Launch a Computing Power Futures Market

Odaily Planet Daily News: The Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, announced plans to launch futures contracts based on "computing power," designed to track cost changes for GPUs and other computing power supporting the AI industry. The product is still pending regulatory approval. It is reported that ICE will collaborate with financial infrastructure firm Ornn to develop a related derivatives pricing system based on its GPU Cost Index. This index will be used to underpin the computing power futures contracts. (Bloomberg)