# ICE and Ornn will team up to develop the new contracts.

*semiconductor · news · 2026-05-19 · TNW*

## Key points

- ICE will launch cash-settled compute futures contracts using Ornn's real-time GPU price indexes.
- Ornn's Compute Price Index tracks live spot prices for major GPUs, now on Bloomberg Terminal.
- CME Group has launched rival GPU futures contracts based on Silicon Data's H100 rental rate index.
- Ornn's futures use Asian-style settlement, averaging index values across the contract period.
- Institutional demand for compute futures shows Wall Street sees AI infrastructure as a new commodity.

**Companies:** Intercontinental Exchange, CME Group, Ornn AI Inc, Architect Financial Technologies
**Countries:** United States

[Read the full story on TNW](https://thenextweb.com/news/ice-nyse-compute-futures-market-gpu-ai)

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