==Intercontinental Exchange (ICE) : September 2024 trading volume and related revenue statistics

 

September highlights include:

• Total average daily volume (ADV) up 29% y/y; open interest (OI) up 16% y/y
• Record Energy ADV up 24% y/y; OI up 21% y/y
  
  • Total Oil ADV up 13% y/y; OI up 13% y/y
    
    • Brent ADV up 11% y/y; OI up 14% y/y, including record options OI of 3.6M lots on September 24
      
    • Record WTI ADV up 18% y/y; OI up 7% y/y
      
    • Gasoil ADV up 17% y/y; OI up 46% y/y, including record OI of 1.2M lots on September 17
      
    • Other Crude & Refined products ADV up 17% y/y; OI up 9% y/y
      
  • Total Natural Gas ADV up 45% y/y; OI up 24% y/y
    
    • North American Gas ADV up 50% y/y; OI up 21% y/y
      
    • Record TTF Gas ADV up 30% y/y; OI up 61% y/y
      
    • Record Asia Gas ADV up 110% y/y; OI up 60% y/y, including record OI of 142k lots on September 12
      
  • Total Environmentals ADV up 60% y/y; OI up 35% y/y
    
• Total Ags & Metals ADV up 11% y/y
  
  • Sugar ADV up 26% y/y
    
  • Coffee ADV up 9% y/y
    
  • Cotton ADV up 17% y/y
    
• Total Financials ADV up 40% y/y; OI up 14% y/y
  
  • Record total Interest Rates ADV up 50% y/y; OI up 18% y/y
    
    • SONIA ADV up 37% y/y, including record futures of 662k lots; OI up 45% y/y, including record futures OI of 2.5M lots on September 16
      
    • Euribor ADV up 49% y/y; OI up 5% y/y
      
    • Gilts ADV up 34% y/y; OI up 76% y/y
      
• NYSE Cash Equities ADV up 12% y/y
  
• NYSE Equity Options ADV up 33% y/y

Third quarter highlights include:

• Total ADV up 28% y/y
  
• Energy ADV up 23% y/y, including record futures of 3.7M lots
  
  • Total Oil ADV up 17% y/y, including record options of 267k lots
    
    • Record Brent ADV up 15% y/y
      
    • Record WTI ADV up 33% y/y
      
      • Record Midland WTI ADV up 134% y/y
        
    • Gasoil ADV up 13% y/y
      
    • Other Crude & Refined products ADV up 20% y/y
      
      • Record Murban ADV up 174% y/y
        
  • Total Natural Gas ADV up 33% y/y
    
    • North American Gas ADV up 39% y/y
      
    • TTF Gas ADV up 16% y/y
      
    • Asia Gas ADV up 37% y/y
      
  • Total Environmentals ADV up 52% y/y
    
• Sugar ADV up 15% y/y
  
• Coffee ADV up 8% y/y
  
• Cotton ADV up 3% y/y
  
• Total Financials ADV up 41% y/y,
  
  • Record total Interest Rates ADV up 50% y/y
    
    • SONIA ADV up 44% y/y
      
    • Euribor ADV up 47% y/y
      
    • Gilts ADV up 42% y/y
      
• NYSE Cash Equities ADV up 11% y/y
  
• NYSE Equity Options ADV up 32% y/y

Third Point (Dan Loeb) discloses updated portfolio positions in 13F filing

New AMZN OPCH FIS UBER TSM ICE positions, Exited CL NATI

Highlights from Q2 2023 filing as compared to Q1 2023:

• New positions in: AMZN (~4.1 mln shares), OPCH (~3.5 mln), FIS (~0.3 mln), UBER (~2.78 mln), TSM (~2.45 mln), ICE (~1.85 mln), ATVI (~1.65 mln), HZNP (~0.5 mln), NVDA (~0.5 mln), BKI (~0.46 mln)
• Increased positions in: BABA (to ~2.95 mln shares from ~1.33 mln shares), DEN (to ~1.68 mln from ~0.25 mln), VST (to ~3.32 mln from ~2.12 mln), J (to ~1.35 mln from ~0.19 mln), HTZ (to ~7.32 mln from ~6.35 mln), DD (to ~4.6 mln from ~4 mln), MSFT (to ~1.52 mln from ~1.05 mln) MU (to ~1.55 mln from ~1.2 mln), AMD (to ~1.2 mln from ~1 mln) IFF (to ~2.65 mln from ~2.55 mln)
• Maintained positions in: BBWI (~13.85 mln shares), AIG (~2.95 mln shares), FERG (~1.28 mln shares)
• Closed positions in: CL (from ~11.05 mln shares) NATI (from ~2 mln), NPWR (from ~1.5 mln), TECK (from ~1.15 mln), CTLT (from ~0.2 mln), HCNE (from ~0.99 mln), CRM (from ~0.8 mln), UNH (from ~0.34 mln)
• Decreased positions in: PCG (to ~54 mln shares from ~59.25 mln shares), GOOGL (to ~1.43 mln from ~4.75 mln), HCA (to ~0.6 mln from ~0.86 mln), EGGF (to ~0.95 mln from ~1.1 mln), DHR (to ~2.6 mln from ~2.75 mln)

-=IntercontinentalExchange (ICE) reported earnings on Thur 7 Feb 2019 (b/o)

IntercontinentalExchange beats by $0.02, beats on revs; Increases dividend 15%

• Reports Q4 (Dec) earnings of $0.94 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.92; revenues rose 14.1% year/year to $1.31 bln vs the $1.29 bln S&P Capital IQ Consensus.
• Outlook
  • 2019 Data Revenue $2.19-2.24 bln ($2.115 bln in 2018)
  • Q1 Data Revenue $540-545 mln ($539 mln in Q4)
• Announced board authorization of its first quarter 2019 dividend of $0.275 per share, up 15% from its previous $0.24 per share quarterly dividend in 2018.

=IntercontinentalExchange (ICE) reported earnings on Tue 7 Feb 2017 (b/o)

 IntercontinentalExchange beats by $0.02, reports revs in-line; co raises dividend 18% y/y; expects share repurchases of $200 mln in Q1 2017 :

• Reports Q4 (Dec) earnings of $0.71 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus of $0.69; revenues rose 30.1% year/year to $1.14 bln vs the $1.14 bln Capital IQ Consensus
  • Amidst a volatile and dynamic environment, we delivered our eleventh consecutive year of record revenue," said ICE Chairman and CEO Jeffrey C. Sprecher. "Despite the challenges of market volatility driven by geopolitics, we achieved our objectives by working closely with our customers across trading, risk management and data to again deliver strong revenue growth, margin expansion and double-digit profit increases
• Co sees 2017 data services revenue growing at least 6% in constant currency

====IntercontinentalExchange (ICE) reported earnings on Tue 1 Nov 2016 (b/o)

IntercontinentalExchange misses by $0.01, reports revs in-line; updates guidance :

• Reports Q3 (Sep) earnings of $3.21 per share, $0.01 worse than the Capital IQ Consensus of $3.22; revenues rose 32.1% year/year to $1.08 bln vs the $1.08 bln Capital IQ Consensus.
• Sees 2016 Data Services Revenue +6-7% y/y on a pro forma basis; 2016 Operating Expenses $1.94-$1.97 billion; 4Q16 Operating Expenses $500-$505 million.
• "We generated $1.5 billion of operating cash flows through September, which enabled us to reduce our debt by $1 billion while growing our dividend compared to 2015, and we resumed our share repurchases in October of 2016. Our strategic approach to investing, ability to consistently generate operating efficiencies and disciplined allocation of capital has allowed us to generate growth in earnings and cash, diversify our business model, and deliver solid returns to our investors."

=Intercontinental Exchange (ICE) reported earnings Wed 3 Aug 2016 (b/o)

IntercontinentalExchange beats by $0.06, reports revs in-line; approved pursuing a 5-for-1 stock split, new $1 billion share repurchase program  :

• Reports Q2 (Jun) earnings of $3.43 per share, $0.06 better than the Capital IQ Consensus of $3.37; revenues rose 41.7% year/year to $1.13 bln vs the $1.12 bln Capital IQ Consensus.
• Guidance:
  • Sees 2016 Data Services Revenue +6-7% y/y on a pro forma basis, 2016 Operating Expenses $1.94-$1.97 billion.
  • Sees 3Q16 Operating Expenses $485-$495 million.
• Board approved pursuing a 5-for-1 stock split to enhance trading efficiency and accessibility for all shareholders as well as a new $1 billion share repurchase program that supports our ability to consider additional capital returns to our shareholders."

=IntercontinentalExchange (ICE) reported 4Q earnings on Thur 4 Feb 2016 (before open)

** charts before earnings **




** charts after earnings **

IntercontinentalExchange beats by $0.26, reports revs in-line:

• Reports Q4 (Dec) earnings of $3.27 per share, $0.26 better than the Capital IQ Consensus of $3.01; revenues rose 9.4% year/year to $875 mln vs the $867.05 mln Capital IQ Consensus. Included in this amount are $470 million of transaction and clearing revenues, less transaction-based expenses.
• 2016 guidance:
  •  ICE expects first quarter and full year 2016 adjusted operating expenses, excluding amortization of acquisition-related intangibles, in the range of $490 million to $500 million and $2.000 billion to $2.030 billion, respectively.
    • Full year operating expense guidance includes ~$50MM in NYSE and ~$25MM in Interactive Data expense synergies as well as ~$45MM largely related to additional compensation and ~$30MM in product and technology investments.
• "Our record performance in 2015 was driven by strong demand for risk management, trading, data and listings," said Jeffrey C. Sprecher, ICE Chairman and CEO. "We achieved our double-digit earnings growth target by focusing on our customers, innovating amid a dynamic market environment and with strong financial discipline. All of this has enabled us to again increase our quarterly dividend while investing in growth opportunities. Our acquisition of Interactive Data, together with many other strategic initiatives, positions us well to deliver strong earnings growth again in 2016." 

Great trade : Intercontinental Exchange (ICE) (12/15)

Q8 : What's a better buy - NYX or TSLA?

• In December 2012, ICE announced it would buy NYSE Euronext for $8.2 billion, pending regulatory approval. 

  

  

(Analysis emailed 4/15/11)