NYSE parent ICE to build Hyperliquid perpetual futures market
Archived — this story has rotated out of today’s deck. It is kept here in full.
The gist
Intercontinental Exchange, owner of the NYSE, announced a new perpetual futures market built on Hyperliquid.
No launch date or approval yet, so the crypto-linked trading timeline stays open.
Background
Intercontinental Exchange (ICE) is the parent company of the New York Stock Exchange, the New York-based trading platform. Hyperliquid is a crypto trading platform, and the move is described as a victory for its bid to become integrated with the traditional financial system. ICE also plans to take a minority stake in TradeXYZ, pending approvals.
How it unfolded
- Oct 29, 2026ICE announced it will launch a perpetual futures market built on Hyperliquid, with no launch dates set and regulatory approval still needed. ICE also said it will take a minority stake in TradeXYZ, pending approvals.
- Nov 2, 2026Wall Street fell as investors moved out of riskier assets ahead of the Nov. 3 midterm election; the Nasdaq dropped 2.9% to 25,437 and the VIX rose 12.91% to 19.42. On the NYSE there were 169 new highs and 377 new lows.
- Nov 3, 2026The S&P 500 ended the day down 0.4% after being up about 1% earlier, while the equal-weight index rose 0.8% and the Russell 2000 added 0.2%. Oil fell 8% on Middle East diplomacy news.
- Nov 3, 2026Oracle completed a $20B capital raise, half of it equity priced at roughly an 11% discount to Friday's close, and its shares rose 5%. AMD popped 6% after third-quarter results beat expectations, and HSBC said it issued $4.25 billion in senior unsecured debt it plans to list on the NYSE.
- Nov 4, 2026NYSE pre-market update was delivered by Kristen Scholer, with Samsara (IOT) ringing the Opening Bell and Inventrust (IVT) marking its 5th listing anniversary at the Closing Bell.
Who’s saying what
- Analysts
- Jay Woods of Freedom Capital Markets said the rebound was partly due to the president's initial tone and reaction to the results, adding that gridlock is historically good for the market.
- Analysts
- An unnamed strategist said the election results could act as a clearing event removing some uncertainty, but AI and geopolitics are the primary forces driving markets into year-end.
- Official
- The administration said there were no plans to escalate after the US strike on Iran's Qeshm Island, while JD Vance expressed optimism for a negotiated settlement with Iran.
Still unverified
No launch dates have been set for ICE's Hyperliquid-based perpetual futures market, and financial regulators still need to give approval; Iranian officials later pushed back on positive headlines about negotiations.