In line with our expectations, the exchange’s growth in trading volumes across asset classes, such as Cash Equity, Equity Options, and Derivatives, propelled the company’s top line. The improvement in US macro conditions has contributed to the market volatility and consequently, driven the trading volumes. We have an $83 price estimate for Intercontinental Exchange’s stock, which is about 18% ahead of the current market price. After a solid performance in the previous year, derivative trading volumes saw a 3% year-over-year growth in Q1. Data Services Continued Growth Due To Global Demand, AcquisitionsICE’s Data Services business generates around 33% of the company’s overall revenues.

Source: Forbes May 04, 2018 17:48 UTC