NYSE’s Owner Plans Its Own Futures Market for Computing Power
New York Stock Exchange signage on the floor of the NYSE in New York.
Photographer: Michael Nagle/BloombergIntercontinental Exchange Inc., owner of the New York Stock Exchange, is adding futures contracts for computing power as the market for tracking the price of what’s driving AI technology continues to develop.
The exchange operator is teaming with financial-infrastructure firm Ornn and will use its index products that track graphics processing unit, or GPU, computing costs to underpin its new futures contracts, the companies said on Tuesday. The plans are subject to regulatory approval.