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Intercontinental Exchange Inc (N:ICE)

Business Focus: Financial & Commodity Market Operators

Sector:  Financials Industry:  Financial & Commodity Market Operators
 
See Regulatory Filings on SEC
Company Contact
Address: 5660 New Northside Drive, Third Floor
ATLANTA GA 30328
Tel: N/A
Website: https://www.theice.com/index
IR: See website
Key People
Jeffrey C. Sprecher
Chairman of the Board, Chief Executive Officer
Elizabeth K. King
Global Head - Clearing, Chief Regulatory Officer
Benjamin R. Jackson
President
A. Warren Gardiner
Chief Financial Officer
Christopher S. Edmonds
President - Fixed Income and Data Services
Lynn C. Martin
President of NYSE Group, Chair - ICE Fixed Income and Data Services
Stuart Glen Williams
Chief Operating Officer
Douglas A. Foley
Senior Vice President - Human Resources and Administration
Mayur V. Kapani
Chief Technology Officer
Andrew James Surdykowski
General Counsel
   
Business Overview
Intercontinental Exchange, Inc. is a global provider of technology and data to a range of customers including financial institutions, corporations, and government entities. The Company operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The Exchanges segment operates regulated marketplace technology for the listing, trading, and clearing of an array of derivatives contracts and financial securities. The Fixed Income and Data Services segment provides fixed income pricing, reference data, indices, analytics, and execution services, as well as global credit default swaps (CDS), clearing and multi-asset class data delivery technology. The Mortgage Technology segment provides a technology platform that offers customers digital workflow tools that aim to address the inefficiencies and mitigate risks that exist in the United States residential mortgage market life cycle, from application through closing, servicing, and the secondary market.
Financial Overview
For the three months ended 31 March 2024, Intercontinental Exchange Inc revenues increased 13% to $2.8B. Net income increased 17% to $767M. Revenues reflect Exchanges segment increase of 4% to $1.73B, Mortgage Technology segment increase of 21% to $285M, Fixed Income and Data services segment increase of 1% to $568M. Net income benefited from Exchanges segment income increase of 17% to $897M.