Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a leading global provider of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities. The company was founded in 2000 by Jeffrey C. Sprecher in Atlanta, Georgia, with the vision of creating a more transparent and efficient platform for over-the-counter energy commodity trading. ICE went public in 2007 and has since grown through numerous strategic acquisitions to become a Fortune 500 company.

ICE operates across three main business segments:

• Exchanges: This segment, accounting for approximately 56% of net revenue, includes ICE's futures exchanges, cash exchanges, and clearing houses. The company operates futures exchanges in the US, UK, EU, Canada, Singapore and Abu Dhabi. Its cash exchanges include the New York Stock Exchange (NYSE), which ICE acquired in 2013, as well as NYSE ARCA, NYSE National, NYSE AMEX Options, NYSE ARCA Options, and NYSE Chicago. ICE also operates six central clearing houses globally.

• Fixed Income and Data Services: Contributing about 29% of net revenue, this segment provides fixed income pricing, reference data, indices, analytics, and execution services. ICE offers pricing and reference data for approximately three million fixed income securities across 150 countries in 73 currencies.

• Mortgage Technology: Accounting for approximately 15% of net revenue, this segment focuses on digitizing and automating the US residential mortgage process. ICE's mortgage technology platform is the industry's largest, serving over 3,000 customers, partners, and investors.

ICE has established itself as a global leader in energy futures trading, hosting nearly 66% of the world's traded oil futures contracts. The company manages key global benchmark contracts, including those for Brent oil, Euribor, natural gas, sterling short and long rates, and sugar. In 2023, ICE reported full-year net revenues of USD 8.0 billion, a 10% increase year-over-year, with a GAAP diluted earnings per share of USD 4.19, up 62% from the previous year.

The company continues to focus on innovation, growth, and creating value for stockholders. ICE has consistently increased its dividend, raising it for 12 consecutive years as of 2023. With its strategic positioning across multiple asset classes and its ongoing investments in technology and data services, Intercontinental Exchange is well-positioned to capitalize on evolving market trends and opportunities in the global financial landscape.