ICE rises after quarterly results beat

Intercontinental Exchange

29/10/2026 16:29

Updates
   ** Shares of NYSE owner Intercontinental Exchange ICE.N rise 5.7% to $164.87 
** Co posts Q3 adjusted earnings per share of $2.02, beating estimates of $1.97, according to data compiled by LSEG
** Reports Q3 net revenue of $2.77 billion, above analysts' estimates of $2.75 billion - data compiled by LSEG
** Separately, ICE partners with Trade XYZ to launch a US-regulated platform for round-the-clock trading in perpetual futures, subject to regulatory approval
** ICE would act as the exclusive operator of Trade XYZ's regulated markets while also making a strategic investment in the company
** Analysts at RBC Capital Markets say the agreement expands ICE's total addressable market to a large, global population of retail traders currently active on offshore venues
** "ICE's current participation is more than 99% institutional, making retail a new and incremental market opportunity" 
** 14 of 17 analysts rate stock "strong buy" or "buy", two "hold" and one "sell"; their median PT is $183 - data compiled by LSEG
** As of last close, stock down 3.7% YTD

 (Reporting by Pragyan Kalita in Bengaluru)
 ((Pragyan.Kalita@thomsonreuters.com;))