Earnings summaries and quarterly performance for Intercontinental Exchange.
Executive leadership at Intercontinental Exchange.
Board of directors at Intercontinental Exchange.
Caroline L. Silver
Director
Duriya M. Farooqui
Director
Judith A. Sprieser
Director
Lord Hague of Richmond
Director
Lord Hill of Oareford
Director
Mark F. Mulhern
Director
Martha A. Tirinnanzi
Director
Shantella E. Cooper
Director
Sharon Y. Bowen
Director
Thomas E. Noonan
Lead Independent Director
Research analysts who have asked questions during Intercontinental Exchange earnings calls.
Alexander Blostein
Goldman Sachs
7 questions for ICE
Kenneth Worthington
JPMorgan Chase & Co.
7 questions for ICE
Ashish Sabadra
RBC Capital Markets
4 questions for ICE
Ben Budish
Barclays PLC
4 questions for ICE
Christopher Allen
Citigroup
4 questions for ICE
Craig Siegenthaler
Bank of America
4 questions for ICE
Dan Fannon
Jefferies & Company Inc.
4 questions for ICE
Kyle Voigt
Keefe, Bruyette & Woods
4 questions for ICE
Patrick Moley
Piper Sandler & Co.
4 questions for ICE
Alex Kramm
UBS Group AG
3 questions for ICE
Benjamin Budish
Barclays PLC
3 questions for ICE
Daniel Fannon
Jefferies Financial Group Inc.
3 questions for ICE
Simon Clinch
Redburn Atlantic
3 questions for ICE
Bill Keay
RBC Capital Markets
2 questions for ICE
Brian Bedell
Deutsche Bank
2 questions for ICE
Robin Holby
TD Cowen
1 question for ICE
Simon Alistair Clinch
Redburn Atlantic
1 question for ICE
Recent press releases and 8-K filings for ICE.
- ICE’s global derivatives markets set a record 2.4 billion contracts traded in 2025, with ADV of 9.3 million (+14% vs 2024).
- Open interest ended 2025 at 102.7 million (+17% vs 2024), peaking at 113.4 million on December 11, 2025.
- Benchmark commodity, energy and interest-rate markets saw record ADVs of 5.4 million (+13%), 5 million (+15%) and 3.5 million (+19%), respectively.
- NYSE equities and options set new highs with a 7 billion-share single-day volume, 3.35 billion average daily shares (+40% vs 2024), and 18 million options contracts on the busiest day.
- ICE’s global derivatives markets saw 2.4 billion futures and options trades in 2025, marking a 13% increase over 2024 volumes.
- The company also achieved record average daily volumes (ADV) across its derivatives, NYSE equity, and NYSE options markets in 2025.
- ICE plans to launch a platform for 24/7 trading and instant settlement of tokenized securities later this year, pending regulatory approvals.
- The system combines NYSE’s Pillar matching engine with blockchain-based post-trade solutions, supporting multiple chains, fractional-share trading, dollar-sized orders, and stablecoin funding for equities and ETFs.
- ICE is upgrading its clearing infrastructure for round-the-clock operations and partnering with BNY and Citi on tokenized deposits to meet liquidity, margin, and cross-border funding needs outside banking hours.
- The initiative is a core part of ICE’s digital strategy to integrate established market protections with on-chain trading, settlement, custody, and capital formation, potentially re-architecting market infrastructure.
- Tokenized securities platform enabling 24/7 trading, fractional share trading, and immediate settlement via tokenized capital
- Platform combines the NYSE Pillar matching engine with blockchain-based post-trade systems supporting multi-chain settlement and custody
- Tokenized shares will be fungible with traditional securities, confer dividends and governance rights, and trade on a new venue with non-discriminatory broker-dealer access
- As part of ICE's broader digital strategy, the project readies 24/7 clearing infrastructure and partners with BNY and Citi on tokenized deposits for cross-timezone funding and margin
- 22-hour trading: ICE will extend UK and EU natural gas and power contracts to 22 hours a day (01:50–00:00 CET) from their current 08:00–18:00 CET schedule, effective Feb. 23, 2026, pending regulatory and governance approvals.
- Move aligns European trading with major international benchmarks—US Henry Hub and Asia’s JKM—reflecting a post-2022 surge in liquidity and growing US LNG imports.
- Record activity: TTF futures and options traded about 103 million contracts through 2025; ICE is also launching TTF daily options.
- Analysts forecast stronger price convergence between US and European markets but caution the change may chiefly benefit large US money managers over smaller firms.
- ICE’s NYSE will become the U.S. options listing venue for MSCI benchmark indexes in early 2026, pending regulatory approval.
- Options on the MSCI Emerging Markets, EAFE, ACWI, World, and USA indexes will trade on NYSE Arca and NYSE American options markets.
- The agreement expands the long-standing partnership by unifying MSCI futures and options under ICE, which held >70% of global MSCI futures trading volume and saw average daily notional volume of $19.5 billion in 2025.
- ICE total open interest rose 17% y/y, with average daily volume up 19% in December, 7% in 4Q25 and a record 14% for 2025
- Energy segment open interest grew 6% y/y (record futures OI of 42.0 M lots), with ADV up 16% in December, 10% in 4Q25 and 15% in 2025
- Interest rates trading saw open interest surge 54% y/y, ADV up 33% in December, 7% in 4Q25 and 19% for the full year
- NYSE cash equities ADV climbed 18% in December, 43% in 4Q25 and 40% in 2025; NYSE equity options ADV increased 11%, 29% and 13% respectively
- Delinquencies rose by 275,000 to 2.3 million, pushing the 30+ day delinquency rate to 3.85%, the highest in over four years.
- A record 609,000 borrowers entered delinquency in November—the largest single-month inflow since May 2020.
- Prepayment activity declined 18% month-over-month, with the single-month mortality rate falling to 0.83%.
- Foreclosure starts dropped 31.5% to 26,000, while pre-sale inventory held at 0.41%, both remaining above prior-year levels.
- ICE Climate’s municipal-level risk data is now accessible on Investortools’ Perform system, streamlining fixed-income climate risk analysis.
- Users gain direct access to forward-looking physical climate risk scores and value-at-risk metrics for flood, hurricane, wildfire, and drought.
- The integration includes emissions and economic exposure data, providing a comprehensive view of climate-related risk.
- Builds on existing ICE–Investortools collaboration, which already integrates ICE Bonds data, Continuous Evaluated Pricing (CEP), and ICE BofA indices via the Investortools Dealer Network.
- The NYSE led with seven of the 10 largest IPOs in 2025, capturing nearly 70% of large technology IPO proceeds, including Klarna, Figma, and Circle Internet Group.
- Recorded a peak of 1.1 trillion messages processed in a single day via Pillar technology, with average processing times of 30 microseconds.
- Welcomed 428 new ETFs totaling $64.62 billion in AUM, maintaining its role as the world’s largest ETF marketplace with over $10 trillion listed.
- Launched 25 digital asset ETFs, remained the top U.S. crypto ETF trading platform, and listed issuers like Bullish and Twenty One Capital.
- Introduced NYSE Texas in March, achieving 100+ dual listings with a combined market capitalization above $2 trillion.
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