ICE announces plans to launch suite of GPU compute futures contracts

Intercontinental Exchange announced plans to launch a suite of GPU compute futures contracts based on Ornn’s Compute Price Index, OCPI, which tracks live-traded spot prices for GPU compute across major hardware types. “As AI has rapidly moved from research labs and academic campuses to becoming one of the most important drivers for the global economy, the market for compute has evolved just as quickly and is in desperate need of a globally accepted pricing mechanism and risk management tool,” said Trabue Bland, SVP of Futures Markets at ICE. “Ornn’s index, which is bringing greater transparency into the volatile cost of GPUs, is a natural fit for futures markets and we’re excited to offer a new tool for price discovery and risk management.”