Intercontinental Exchange (ICE) Company Report

$7M+ raised, representing 70% of a $10M hard cap in Pepeto’s presale
Binance listing confirmed, marking the final presale stage before public trading
214% APY staking reduces circulating supply and compounds demand
850+ projects queued for listing on Pepeto’s exchange platform

8 days ago

Press Release

ICE posts record interest-rate derivatives open interest

ICE

Record 42.3 million interest-rate derivatives open interest on Feb. 11, 2026, up 45% y/y, with 116.5 million total OI across futures and options
15.4 million SONIA futures and options OI (including 11.7 million SONIA options); SONIA futures OI rose 63% y/y and options OI rose 70% y/y
Euribor markets OI reached 22.7 million, up 33% y/y, and €STR futures are likewise seeing significant growth
Morningstar notes ICE’s diversified revenue from mortgage technology and fixed-income data, with roughly 50% recurring revenue

8 days ago

Morningstar

ICE announces record open interest across interest rate derivatives markets

ICE

ICE’s interest rate derivatives markets reached a record 42.3 million contracts on February 11, 2026, up 45% y/y, while total futures and options open interest hit 116.5 million contracts.
ICE SONIA futures and options saw 15.4 million open interest (+63% y/y), including 11.7 million SONIA options (+70% y/y).
Euribor open interest rose to 22.7 million contracts (+33% y/y) and €STR futures OI doubled to 2.2 million (+>100% y/y).
Gilts OI increased 21% to 1.2 million contracts; SARON OI was up 16%; and MPC Dated SONIA futures OI topped 51,000 on January 29, 2026.

8 days ago

Press Release

ICE launches CoinDesk cryptocurrency futures

ICE

Product Launch

Intercontinental Exchange (ICE) introduced seven new U.S. dollar-denominated, cash-settled cryptocurrency futures based on CoinDesk Indices: CoinDesk 20, CoinDesk 5, Bitcoin, Ether, Solana, XRP and BNB futures.
Over $40 billion in assets under management are tied to CoinDesk Indices, with the flagship CoinDesk 20 Index capturing over 90% of the digital asset market and over $16 billion in linked product volume.
ICE plans to launch One Month CoinDesk Overnight Rates (CDOR) USDC futures, subject to regulatory review, to benchmark decentralized finance overnight borrowing rates.

Feb 11, 2026, 1:00 AM

Press Release

Intercontinental Exchange highlights strategic growth and technology initiatives

ICE

New Projects/Investments

Share Buyback

M&A

ICE is prioritizing proprietary data and AI, leveraging its futures, equities and mortgage-tech datasets to fuel demand for real-time quality data, while pursuing tokenization on its NYSE platform and a U.S. Treasury Clearing launch later this year.
The integrated Ellie Mae and Black Knight mortgage platform targets $2,000 in origination cost savings per loan and high-single-digit revenue growth in a normalized 7–10 million loan market, already delivering $100 million in annual synergies.
Fixed Income & Data Services benefited from high-single to low-double-digit growth in desktops and feeds, driven by surging demand for connectivity via the ICE Global Network, with planned CapEx to expand its data center footprint.
Blockchain initiatives include a tokenized equity trading venue underpinned by Pillar technology and exploration of stablecoins to reduce clearinghouse collateral requirements within ICE’s six clearinghouses.
With leverage at 3× EBITDA, ICE remains opportunistic on M&A while prioritizing share repurchases and incremental debt reduction absent attractive acquisitions.

Feb 10, 2026, 6:00 PM

Transcript

ICE outlines growth strategy and product initiatives

ICE

New Projects/Investments

Product Launch

Share Buyback

Strategic expansion through technology and data creation drives long-term growth across futures, fixed income, equities, mortgage and energy markets, targeting adjacent opportunities over the next 5-10 years.
Positioning for AI-driven demand by leveraging proprietary real-time data to fuel models, with connectivity via ICE Global Network fueling double-digit growth in data services.
Integrated Ellie Mae and Black Knight platforms, achieving $100 million in revenue synergies and targeting high single-digit growth in a normalized origination environment of 7–10 million loans.
Launching a tokenized securities exchange using Pillar technology and blockchain; U.S. Treasury clearing approval expected in late 2026, leveraging existing clearinghouse infrastructure.
Maintaining leverage at 3× EBITDA, prioritizing share buybacks in absence of bolt-on M&A that meet return thresholds.

Feb 10, 2026, 6:00 PM

Transcript

ICE outlines growth strategy at 2026 Bank of America Financial Services Conference

ICE

M&A

New Projects/Investments

ICE’s legacy energy business continues robust growth through product creation and a global risk management platform, driven by expanding benchmark contracts and structural market complexity.
The firm is leveraging proprietary real-time data across futures, equities, fixed income, and mortgage segments to fuel AI-driven tools, anticipating increased demand for high-quality data in real time.
The integrated mortgage technology platform (Ellie Mae and Black Knight) targets high single-digit growth in a normalized 7–10 million loan market, achieving $100 million in revenue synergies from combined operations.
Connectivity unit ICE Global Network saw accelerating double-digit growth in H2 2025, spurred by demand for data, messaging volume, and AI-related capacity; additional data center expansion is planned in 2026.
ICE is advancing blockchain initiatives, including a tokenized equity venue underpinned by its Pillar matching-engine technology and exploring stablecoin use to enhance collateral efficiency across its clearinghouses.

Feb 10, 2026, 6:00 PM

Transcript

ICE outlines 2026 growth strategy at UBS Conference

ICE

Guidance Update

New Projects/Investments

Share Buyback

2025 financials: ICE delivered $10 billion revenue, 60% operating margin, $6.5 billion EBITDA, and $4.2 billion free cash flow, with a balanced 50% recurring / 50% transaction revenue mix across equities, mortgages, rates, and commodities.
AI and data services focus: Management emphasized leveraging proprietary fixed income and mortgage data to feed large language models, with the data & network technology segment growing from 5% to ~10% of fixed income services and a new data center build-out planned in Mahwah.
Tokenization initiative: ICE plans to launch tokenized ETF trading under the existing regulatory framework using NYSE Pillar technology, with regulatory engagement expected over the next few months.
Partnerships and alternative data: ICE is institutionalizing Polymarket and Reddit data to supply sentiment and probability datasets to clients, leveraging its $2 billion-plus pricing data services platform for long-term growth.

Feb 9, 2026, 4:20 PM

Transcript

ICE presents 2025 results and strategic initiatives at UBS Conference 2026

ICE

Guidance Update

New Projects/Investments

Product Launch

ICE reported $10 billion in revenue, 60% EBITDA margins, and $4.2 billion in free cash flow for 2025, underpinned by its diversified platform.
The company’s business mix is 50% recurring and 50% transaction revenues, with energy trading delivering high single-digit CAGRs driven by the global TTF gas benchmark and expanded commodities contracts.
A tokenized ETF trading platform will launch under existing regulatory frameworks using NYSE Pillar technology and in-house blockchains, with minimal incremental investment.
Its Fixed Income Data & Analytics segment is accelerating via proprietary pricing, indices and a major data center build-out at Mahwah to meet surging connectivity demand, targeting high single-digit growth.
Mortgage Technology is expanding its network through Encompass and MSP cross-sells, with a $100 million synergy pipeline and expected low to mid-single digit revenue growth in 2026.

Feb 9, 2026, 4:20 PM

Transcript

Intercontinental Exchange outlines growth drivers and capital allocation

ICE

Guidance Update

Share Buyback

New Projects/Investments

ICE generated $10 billion in revenue with ~60% EBITDA margin and $4.2 billion of free cash flow in 2025, supported by a balanced 50/50 split of recurring and transaction revenues across equities, mortgages, rates and commodities.
Energy trading remains the primary growth engine, driven by LNG globalization and benchmarks such as TTF and Brent, with open interest continuing to rise into early 2026.
The company is expanding in AI-enabled data services, launching NYSE tokenization, pursuing U.S. Treasury clearing and building out its Mahwah data center to meet surging connectivity demand.
Capital allocation focuses on reinvestment, mid-double-digit dividend growth, share buybacks (with leverage at ~3×) and selective M&A that delivers synergistic “1 + 1 = 3” returns.

Feb 9, 2026, 4:20 PM

Transcript