NYSE’s Owner Plans Its Own Futures Market for Computing Power

Intercontinental 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.

“As AI has rapidly moved from research labs and academic campuses to becoming one of the most important drivers for the global economy, the ...