ICE - Intercontinental Exchange, Inc.

NYSE - NYSE Delayed Price. Currency in USD
92.83
-1.40 (-1.49%)
At close: 4:00PM EDT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close94.23
Open94.87
Bid92.25 x 1300
Ask94.08 x 1100
Day's Range91.89 - 94.99
52 Week Range63.51 - 101.93
Volume3,204,645
Avg. Volume4,044,369
Market Cap50.799B
Beta (5Y Monthly)0.54
PE Ratio (TTM)24.84
EPS (TTM)3.74
Earnings DateJul 30, 2020
Forward Dividend & Yield1.20 (1.29%)
Ex-Dividend DateJun 15, 2020
1y Target Est101.94
  • Hedge Funds Have Never Been This Bullish On Intercontinental Exchange (ICE)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Intercontinental Exchange (ICE)

    The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]

  • Reuters

    NYSE trading floor partially reopens after coronavirus closure

    New York Governor Andrew Cuomo donned a face mask and rang the opening bell at the New York Stock Exchange on Tuesday, marking the partial reopening of the trading floor at the iconic 11 Wall Street building, which had been closed since March 23 due to the coronavirus. While some traders were back, it was not business as usual on Intercontinental Exchange Inc's NYSE floor. "When we paused for the past two months, we took the opportunity to learn a lot about this virus and what we learned is how to protect ourselves," NYSE President Stacey Cunningham told CNBC in an interview.

  • Reuters

    NYSE to reopen trading floor closed by coronavirus

    The New York Stock Exchange will partially reopen the trading floors at its iconic 11 Wall Street building on Tuesday for the first time since March 20 when the bourse was forced to go all-electronic due to the coronavirus pandemic. The Intercontinental Exchange Inc's NYSE floor will be different, with protective masks, strict social distancing requirements, and just around a quarter of the people, NYSE Chief Commercial Officer John Tuttle said in an interview. "The floor represents so much more than the several tens-of-thousands of square feet it occupies," he said.

  • NYSE to Reopen Its Trading Floor on Tuesday
    SmarterAnalyst

    NYSE to Reopen Its Trading Floor on Tuesday

    The New York Stock Exchange will partially reopen its trading floor to some, but not all, brokers tomorrow after closing it in late March due to Covid-19.The New York Stock Exchange, by far the world's largest stock exchange in terms of the total market capitalization of listed firms, is owned by Intercontinental Exchange (ICE).The brokers that return will be required to wear protective masks and follow social-distancing guidelines, NYSE President Stacey Cunningham wrote in a commentary published in The Wall Street Journal. They will also be asked to refrain from taking public transportation when coming to the Exchange, in order to limit their potential exposure to the virus.Cunningham wrote: “We opted to close our floor temporarily in the early days of the pandemic to help slow the spread of disease. Two months later, we’ve learned a lot and are in a position to reopen the floor with vital new safety measures, as we begin working together to restart the U.S. economy."Cunningham specified that the measures enacted to open the trading floor may become more stringent if the cases of Covid-19 surge, and that while they will be opening their doors, no one -- traders, brokers, or NYSE employees -- will be required to come in to work. Pre-coronavirus, there were about 500 floor traders at the NYSE.The NYSE as well as ICE's other exchange assets have done quite well as the coronavirus has spurred an uptick in trading and clearing. First quarter consolidated net revenues were $1.6 billion, up 23% year-over-year, and ICE's Q1  net income was $650 million, sharply up from $484 million registered in the equivalent period a year earlier. Like many other stocks, ICE dropped in late March, but since has gained back its losses and now sits at $93.77 per share, not far off its 52-week high of $102.TipRanks data shows that out of 12 analysts, 11 rate ICE a Buy, with a $102 12-month price target for 9% upside from today's price. (See Intercontinental Exchange stock analysis on TipRanks).Related News:Tesla Drops Alameda County Lawsuit Over California Plant Reopening Facebook Invests An Eye-Watering $5.7B in India’s Jio Platforms Nvidia Sinks Despite Stellar Earnings; Top Analyst Says Buy On Any Weakness More recent articles from Smarter Analyst: * Logitech Shares Lifted In Pre-Market On Share Buyback Plan, 10% Dividend Boost * Billionaire Ackman Exits Berkshire Hathaway, Blackstone To Fund Opportunities * HBO Max Launches, But Not Yet Available on Amazon, Roku Platforms * Apple Snaps Up AI Startup Inductiv, As Analysts Boost PTs On Store Reopenings

  • KORE Private Wealth Selects ICE Climate Risk, Strengthening Thought Leadership for Clients
    Newsfile

    KORE Private Wealth Selects ICE Climate Risk, Strengthening Thought Leadership for Clients

    Adds to a rapidly growing number of municipal bond investors including climate risk in investment decisions Boston, Massachusetts--(Newsfile Corp. - May 21, 2020) - risQ Inc., a start-up delivering best-in-class climate risk analytics, and ICE Data Services, which is part of Intercontinental Exchange, Inc. (NYSE: ICE), today announced that KORE Private Wealth has adopted ICE Climate Risk to provide climate risk data and analytics ...

  • Simplifile Adds E-recording in 55 Eastern and Southern U.S. Jurisdictions
    Business Wire

    Simplifile Adds E-recording in 55 Eastern and Southern U.S. Jurisdictions

    Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that 55 recording jurisdictions in the eastern and southern U.S. have joined Simplifile’s e-recording network. Simplifile is part of ICE Mortgage Services, which applies technology and high-capacity infrastructure to make the mortgage process electronic and more efficient.

  • ICE’s global Natural Gas markets attract record open interest as participants navigate volatile energy markets
    Business Wire

    ICE’s global Natural Gas markets attract record open interest as participants navigate volatile energy markets

    As the importance of pricing global gas markets continues to grow amid the liberalization of natural gas, Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, is registering record levels of open interest across its North American, European and Asian gas benchmarks. Open interest in Total Natural Gas Futures at ICE hit a new record of more than 18.5 million contracts during the second quarter of 2020.

  • Intercontinental Exchange Announces Results from 2020 Annual Meeting of Stockholders
    Business Wire

    Intercontinental Exchange Announces Results from 2020 Annual Meeting of Stockholders

    Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced the results of the company’s 2020 Annual Meeting of Stockholders, which was held Friday, May 15. A replay of the meeting will be available at http://ir.theice.com.

  • Why You Should Buy Intercontinental Exchange (ICE) Stock
    Zacks

    Why You Should Buy Intercontinental Exchange (ICE) Stock

    Intercontinental Exchange (ICE) is poised to grow over the long term given its operational excellence and solid capital position.

  • Reuters

    Cboe to buy Virtu's MATCHNow dark pool to expand into Canada

    Exchange operator Cboe Global Markets said on Tuesday it is buying Canada's largest "dark pool" stock trading platform, MATCHNow, from Virtu Financial for an undisclosed amount to expand its geographical footprint. Uncertainty over the COVID-19 pandemic has led to a flurry of trading over the past few months and the volatility has benefited exchange operators like Cboe, the third-largest U.S. stock exchange operator by volume, which early this month reported record first-quarter revenue. Cboe said it expects the acquisition of Toronto-based MATCHNow, an alternative trading system (ATS) where 5% to 7% of Canadian stocks by volume change hands, to close in the third quarter, pending regulatory approval.

  • Thomson Reuters StreetEvents

    Edited Transcript of ICE earnings conference call or presentation 30-Apr-20 12:30pm GMT

    Q1 2020 Intercontinental Exchange Inc Earnings Call

  • Intercontinental Exchange Prices $2,500,000,000 in Senior Notes and Issues Notice of Redemption of 2.75% Senior Notes due 2020
    Business Wire

    Intercontinental Exchange Prices $2,500,000,000 in Senior Notes and Issues Notice of Redemption of 2.75% Senior Notes due 2020

    Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced today that it priced an underwritten public offering of $2.5 billion in new senior notes.

  • New York Stock Exchange Will Partially Reopen on May 26
    Motley Fool

    New York Stock Exchange Will Partially Reopen on May 26

    A subset of its brokers will be allowed to get back to work on the hallowed trading floor on that date.

  • NYSE Trading Floor To Reopen May 26
    Benzinga

    NYSE Trading Floor To Reopen May 26

    Announcing that the NYSE trading floor reopening will bring a "new normal," the President of the NYSE, Stacey Cunningham, said the exchange would allow a "subset" of brokers back on the floor wearing face masks.What Happened Penning an opinion piece for the Wall Street Journal, Cunningham wrote that the Intercontinental Exchange Inc. (NYSE: ICE) owned New York Stock Exchange would open its trading floor after the Memorial Day holiday on May 26. Out of respect for the sacrifices of health-care workers, the exchange will reopen with caution to "limit the strain on the health-care system," the NYSE President revealed. Cunningham called COVID-19 a "stubborn reality" and said, "We can't keep the country closed indefinitely."Why It Matters The NYSE trading floor was closed on March 23, shifting to electronic trading only, as COVID-19 gripped New York City.The reopened trading floor will look markedly different from pre-pandemic times. The exchange's "designated market makers" will continue, for the most part, to operate away from the floor.Floor brokers will return in smaller numbers, wear masks and follow social distancing requirements following a new "choreography" that defines a designated working space.The NYSE is asking people coming to work to avoid public transportation, and brokers and visitors alike will be required to go through temperature screening. Those who fail the temperature check will be denied entry until they test negative for COVID-19 or complete quarantine.While accepting that during floor closure listed companies continued to "operate effectively," Cunningham stressed the importance of floor reopening, writing, "Stocks trade better when the floor is open, with reduced volatility and fairer prices."Price Action Intercontinental Exchange shares traded 0.97% higher at $94.15 in the after-hours session on Thursday. The shares had closed the regular session nearly unchanged at $93.25.Image Credit: Wikimedia.See more from Benzinga * Real Estate Data Giant CoStar Buys Ten-X For 0M * Intelsat Files For Bankruptcy, Plans To Participate In Federal Spectrum Auction * Trump Surprised By Fauci's Senate Hearing Comments, Calls Them Not 'Acceptable'(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • New York Stock Exchange plans to reopen on May 26
    Yahoo Finance

    New York Stock Exchange plans to reopen on May 26

    The New York Stock Exchange, which was forced by the coronavirus pandemic to shut its doors in March, will reopen the day after Memorial Day.

  • NYSE to reopen trading floor on May 26, says NYSE President
    Yahoo Finance Video

    NYSE to reopen trading floor on May 26, says NYSE President

    On Thursday, NYSE President Stacey Cunningham wrote in a WSJ opinion piece that the New York Stock Exchange will open to a subset of floor brokers on May 26, noting that it is now "in a position to reopen the floor with vital new safety measures, as we begin working together to restart the U.S. economy.” The Final Round panel discusses.

  • Reuters

    BlackRock throws weight behind new NYSE and Nasdaq challenger MEMX

    The Members Exchange on Tuesday said BlackRock Inc, the world's biggest asset manager, was among its latest financial and strategic backers as the new bourse gears up to take on the New York Stock Exchange and Nasdaq Inc with a third-quarter launch. MEMX, which was founded by some of the biggest customers of Intercontinental Exchange Inc's NYSE and Nasdaq, said Wells Fargo, Flow Traders, Manikay Partners and Williams Trading, also took part in its recent $65 million financing round.

  • Oil Crash Busted Broker’s Computers and Inflicted Big Losses
    Bloomberg

    Oil Crash Busted Broker’s Computers and Inflicted Big Losses

    (Bloomberg) -- Syed Shah usually buys and sells stocks and currencies through his Interactive Brokers account, but he couldn’t resist trying his hand at some oil trading on April 20, the day prices plunged below zero for the first time ever. The day trader, working from his house in a Toronto suburb, figured he couldn’t lose as he spent $2,400 snapping up crude at $3.30 a barrel, and then 50 cents. Then came what looked like the deal of a lifetime: buying 212 futures contracts on West Texas Intermediate for an astonishing penny each.What he didn’t know was oil’s first trip into negative pricing had broken Interactive Brokers Group Inc. Its software couldn’t cope with that pesky minus sign, even though it was always technically possible -- though this was an outlandish idea before the pandemic -- for the crude market to go upside down. Crude was actually around negative $3.70 a barrel when Shah’s screen had it at 1 cent. Interactive Brokers never displayed a subzero price to him as oil kept diving to end the day at minus $37.63 a barrel.At midnight, Shah got the devastating news: he owed Interactive Brokers $9 million. He’d started the day with $77,000 in his account.“I was in shock,” the 30-year-old said in a phone interview. “I felt like everything was going to be taken from me, all my assets.”To be clear, investors who were long those oil contracts had a brutal day, regardless of what brokerage they had their account in. What set Interactive Brokers apart, though, is that its customers were flying blind, unable to see that prices had turned negative, or in other cases locked into their investments and blocked from trading. Compounding the problem, and a big reason why Shah lost an unbelievable amount in a few hours, is that the negative numbers also blew up the model Interactive Brokers used to calculate the amount of margin -- aka collateral -- that customers needed to secure their accounts.Thomas Peterffy, the chairman and founder of Interactive Brokers, says the journey into negative territory exposed bugs in the company’s software. “It’s a $113 million mistake on our part,” the 75-year-old billionaire said in an interview Wednesday. Since then, his firm revised its maximum loss estimate to $109.3 million. It’s been a moving target from the start; on April 21, Interactive Brokers figured it was down $88 million from the incident.Customers will be made whole, Peterffy said. “We will rebate from our own funds to our customers who were locked in with a long position during the time the price was negative any losses they suffered below zero.”That could help Shah. The day trader in Mississauga, Canada, bought his first five contracts for $3.30 each at 1:19 p.m. that historic Monday. Over the next 40 minutes or so he bought 21 more, the last for 50 cents. He tried to put an order in for a negative price, but the Interactive Brokers system rejected it, so he became more convinced that it wasn’t possible for oil to go below zero. At 2:11 p.m., he placed that dream-turned-nightmare trade at a penny.It was only later that night that he saw on the news that oil had plunged to the never-before-seen price of negative $37.63 per barrel. What did that mean for the hundreds of contracts he’d bought? He frantically tried to contact support at the firm, but no one could help him. Then that late-night statement arrived with a loss so big it was expressed with an exponent.The problem wasn’t confined to North America. Thousands of miles away, Interactive Brokers customer Manfred Koller ran into trouble similar to what Shah faced. Koller, who lives near Frankfurt and trades from his home computer on behalf of two friends, also didn’t realize oil prices could go negative.He’d bought contracts for his friends on Interactive Brokers that day at $11 and between $4 and $5. Just after 2 p.m. New York time, his trading screen froze. “The price feed went black, there were no bids or offers anymore,” he said in an interview. Yet as far as he knew at this point, according to his Interactive Brokers account, he didn’t have anything to worry about as trading closed for the day.Following the carnage, Interactive Brokers sent him notice that he owed $110,000. His friends were completely wiped out. “This is definitely not what you want to do, lose all your money in 20 minutes,” Koller said.Besides locking up because of negative prices, a second issue concerned the amount of money Interactive Brokers required its customers to have on hand in order to trade. Known as margin, it’s a vital risk measure to ensure traders don’t lose more than they can afford. For the 212 oil contracts Shah bought for 1 cent each, the broker only required his account to have $30 of margin per contract. It was as if Interactive Brokers thought the potential loss of buying at one cent was one cent, rather than the almost unlimited downside that negative prices imply, he said.“It seems like they didn’t know it could happen,” Shah said.But it was known industrywide that CME Group Inc.’s benchmark oil contracts could go negative. Five days before the mayhem, the owner of the New York Mercantile Exchange, where the trading took place, sent a notice to all its clearing-member firms advising them that they could test their systems using negative prices. “Effective immediately, firms wishing to test such negative futures and/or strike prices in their systems may utilize CME’s ‘New Release’ testing environments” for crude oil, the exchange said.Interactive Brokers got that notice, Peterffy said. But he says the firm needed more time to upgrade its trading platform.“Five days, including the weekend, with the coronavirus going on and a complex system where we have to make many changes, was not a sufficient amount of time,” he said. “The idea we could have bugs is not, in my mind, a surprise.” He also acknowledged the error in the margin model Interactive Brokers used that day.According to Peterffy, its customers were long 563 oil contracts on Nymex, as well as 2,448 related contracts listed at another company, Intercontinental Exchange Inc. Interactive Brokers foresees refunding $18,815 for the Nymex ones and $37,630 for ICE’s, according to a spokesman.To give a sense of how far off the Interactive Brokers margin model was that day, similar trades to what Shah placed would have required $6,930 per trade in margin if he placed them at Intercontinental Exchange. That’s 231 times the $30 Interactive Brokers charged.“I realized after the fact the margin for those contracts is very high and these trades should never have been processed,” he said. He didn’t sleep for three nights after getting the $9 million margin call, he said.Peterffy accepted blame, but said there was little market liquidity after prices went negative, which could’ve prevented customers from exiting their trades anyway. He also laid responsibility on the exchanges and said the company had been in touch with the industry’s regulator, the U.S. Commodity Futures Trading Commission.“We have called the CFTC and complained bitterly,” Peterffy said. “It appears the exchanges are going scot-free.”Representatives of CME and Intercontinental Exchange declined to comment. A CFTC spokesman didn’t immediately return a request for comment.The fallout for retail investors like Shah and Koller raises questions over whether they should’ve been allowed to take a position in oil contracts right before they expired, putting them in position to have to take possession of barrels of crude oil. Brokers have been grappling with how to shield clients, especially those with small accounts who are clearly incapable of taking physical delivery, since that day. Some, including INTL FCStone, have already blocked certain clients from touching the front-month oil futures contract.Peterffy said there’s a problem with how exchanges design their contracts because the trading dries up as they near expiration. The May oil futures contract -- the one that went negative -- expired the day after the historic plunge, so most of the market had moved to trading the June contract, which expires May 19 and currently trades above $24 a barrel.“That’s how it’s possible for these contracts to go absolutely crazy and close at a price that has no economic justification,” Peterffy said. “The issue is whose responsibility is this?”(Updates to add 24th paragraph on questions raised about small oil traders. A previous version of this story was corrected because Interactive Brokers gave the wrong estimated refund for the Nymex contracts.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Barrons.com

    Senator Kelly Loeffler Has Sold Nearly All Her Stock. Here’s What She Still Owns.

    Loeffler had pledged that she and her husband Jeffrey Sprecher would sell all the shares they owned in individual companies. They still both own stock in Intercontinental Exchange, the company that Sprecher heads and Loeffler’s former employer.

  • Has Intercontinental Exchange Inc.
(ICE) Outpaced Other Finance Stocks This Year?
    Zacks

    Has Intercontinental Exchange Inc. (ICE) Outpaced Other Finance Stocks This Year?

    Is (ICE) Outperforming Other Finance Stocks This Year?

  • Loeffler received $9 million from NYSE parent as she left company for Senate: report
    MarketWatch

    Loeffler received $9 million from NYSE parent as she left company for Senate: report

    Republican Sen. Kelly Loeffler of Georgia appears to have received stock and other awards worth more than $9 million from Intercontinental Exchange Inc. as she left the company for the Senate, according to a New York Times report.

  • Investopedia

    Exchange Stocks Move Higher Amid Higher Trading Volumes

    Exchange stocks have outperformed the financial sector in 2020. Trade three of the group's largest names using these strategies.