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Data & Technology
Fixed Income & Data Services/Data & Analytics/Market signals and sentiment

Market signals and sentiment

With the rapid growth of user-generated content platforms and markets, combined with ICE’s proprietary data and application of AI – a new generation of financial market data, signals and insight is now available through ICE. As a specialist in diverse, unstructured and complex datasets, ICE is at the forefront with transformative data and analytics that integrates traditional inputs along with sentiment from Reddit, Dow Jones news and soon, Polymarket.​

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Backtesting a Reddit-derived strategy using ICE signals and sentiment data

Systematic five-year quintile backtest suggests ICE sentiment data signal from user-generated content on Reddit may serve as a differentiated input for equity strategies.

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Innovation at our core​


ICE’s position as a leading global provider of financial technology and data has been built through transformative innovations such as market electronification and the focused application of technology – including AI, data and expertise to solve for customer workflows and needs. We’re proven specialists in converting complex and unstructured datasets into actionable insights with numerous examples that include evaluated pricing for thinly traded bonds, quantifying climate risk, and a patent-pending anonymization screen for MBS data. We are now extending this capability to sentiment analytics.​

AI accelerating insights​

AI is helping to improve the quality and coverage of ICE's data and analytics. In reference data we're boosting the timeliness of incorporating new issuance into our systems by using AI to process and validate documents from hundreds of sources. The quality of our evaluations is being improved by combining live data and correlations across instruments, with AI helping us identify patterns in pre and post trade analytics. We’re also utilizing AI with our sentiment indictor datasets including Reddit, Dow Jones and soon, Polymarket.

Our AI strategy applies three core strengths:

Deep operational and complex workflow expertise​
Highly differentiated proprietary data — which we believe will only grow in value​
Powerful network effects of our platform​

Reddit signals and sentiment

In early 2025 ICE and Reddit announced a new collaboration to create and distribute data products for capital markets. Since then we have worked with Reddit and a range of firms to develop solutions for clients to help identify opportunities, improve trade surveillance and more. Reddit’s unique content, communities and conversations, combined with ICE's proprietary data, infrastructure, technology and expertise offers a powerful new proposition.

The solution

ICE turns unstructured conversations, posts and mentions from thousands of subreddit communities into structured market signals and sentiment for capital market participants. We identify entities and structure information using established ICE identifiers to help banks, asset managers, wealth managers and more enhance their trading strategies.

  • Live data feed – Normalized and anonymized conversations.
  • Five-year history for trend analysis and back-testing.
  • Knowledge graph – See entity relationships and thematic trends.

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Reddit Official Data Partner

Polymarket prediction market signals​

ICE will provide an enhanced data feed derived from decentralized trading on real-world event outcomes on Polymarket. This prediction market data can enhance investment research, risk modelling, scenario analysis, and portfolio construction by surfacing leading indicators and uncorrelated signals ahead of traditional market movements.

Polymarket captures diverse, global sentiment through blockchain-based markets covering political events, economic indicators, technology developments, and cultural trends. Polymarket’s decentralized structure aggregates perspectives from worldwide participants, creating a unique dataset that reveals market expectations and latent variables often not captured by traditional financial instruments.​

All trades and resolutions are recorded on-chain, providing verifiable, timestamped records that ensure data integrity and auditability. The platform's transparent pricing mechanism transforms collective intelligence into quantifiable probability assessments, offering financial institutions a window into crowd-sourced forecasting and alternative sentiment indicators.

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People on devices

Dow Jones news sentiment​

Access premium news, data and insights from Dow Jones Newswires including content from The Wall Street Journal, Barron’s, MarketWatch and Investor’s Business Daily – available via the ICE desktop platform ICE Connect, via the consolidated data feed, history or API. Sentiment values denote stories as positive, negative or neutral.​

Access and delivery


A range of data delivery options to suit your workflow.

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ICE Consolidated Feed​

Low-latency, streaming data feeds from over 600 global data sources to power your trading, risk management and desktop applications​.

ICE Consolidated History​

Access up to 30 years of pricing data from over 600 global data sources, scheduled or on-demand to cloud or SFTP endpoints​.

API and File access​

API and file-based delivery, scheduled or on-demand. Pre-defined formats with customizable field selection.

Desktop solutions​

Access data via ICE platforms with trading, messaging, analytics and order management capabilities​.

Signals and Sentiment Limitations
In addition to the website terms of use, Signals and Sentiment Data is provided on an 'as is' and 'as available' basis, with all faults and at the user's own risk. Derived from third-party and user-generated sources, it may be affected by factors including participant biases, operational errors, system failures, price volatility, and potential market abuse or manipulation. Signals and Sentiment Data represents point-in-time outputs only. Certain historical data may be subject to periodic updates or revisions, including as a result of recalibration of models, enhancements of methodologies, or expended instrument coverage. Such updates may result in differences from previously provided data. Except as set forth in its agreements with third party providers, ICE Group does not undertake to update or revise Signals and Sentiment data to reflect subsequently available information. ICE Group does not control, endorse, or independently verify Signals and Sentiment Data. Signals and Sentiment Data does not constitute investment advice, trading recommendations, or a guarantee of future performance, and may not be used in connection with political advertising or electioneering. Signals and Sentiment Data reflects participant sentiment and trading activity only and does not constitute evidence, validation, or endorsement of any allegation, assertion, or political outcome by ICE Group. Users are solely responsible for understanding the limitations of the Signals and Sentiment Data, determining its utility, and for any decisions made in reliance thereon.

Polymarket Limitations
“Polymarket Data” means any data, indicators, or signals derived from the Polymarket prediction market platform, including data reflecting participant expectations, sentiment, or behavioral signals with respect to events and markets offered on that platform, as made available by ICE Group. Polymarket Data, as a component of Signals and Sentiment Data, is subject to all of the foregoing limitations and may be additionally affected by factors specific to prediction market platforms, including trading protocols, volume and frequency, and event definitions. In addition, ICE Group exercises no control over the underlying activities or markets on Polymarket's platform and is not acting on behalf of Polymarket or any operator thereof. Polymarket Data does not predict actual events or outcomes. Nothing in the provision of Polymarket Data constitutes an invitation, inducement, advertisement, or solicitation to engage in investment activity, betting, gambling, or participation in any prediction market service, and it is not possible to trade on, or link through to, the Polymarket platform via ICE Group's services. Polymarket products may not be available in all jurisdictions, including the United Kingdom, Australia, and Germany, where regulatory warnings or restrictions have been issued, and users are solely responsible for ensuring that their access to and use of Polymarket Data complies with all applicable local laws and regulations. Users are solely responsible for understanding the limitations of the data, determining its utility, and for any decisions made in reliance thereon.

Have a question?

Contact us with any questions about ICE market signals and sentiment​.