2018 was the 13th consecutive year to deliver record revenues for ICE.
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), has reported its financial results for both the final quarter and full year of 2018 this Thursday.
For the fourth quarter, which ended on December 31, 2018, consolidated net revenue was $1.31 billion. This represents an increase of 14 percent when compared to the same time period in the previous year.
From this, trading and clearing revenues contributed $657 million, which represents a jump of 27 percent year-over-year. Breaking this down, fixed income and credit revenue was $83 million, up by a significant 152 percent from the $32 million reported in the fourth quarter of 2017.
Cash equities and equity options revenue for the fourth quarter also increased by 35 percent year-on-year, moving from $70 million in Q4 of 2017 to $93 million in the current period.
Commenting on the quarterly performance, ICE Chairman & Chief Executive Officer, Jeffrey Sprecher said: “2018 marked our 13th consecutive year of record revenues - a track record directly attributable to customer demand for our Risk Management solutions and the investments we've made to enhance our technology, expand our content and broaden our distribution."
“As we look to 2019, we remain focused on bringing mission-critical solutions to our customers and delivering value to our stockholders."
ICE Saw Strong Performance in 2018
Taking a look at the whole year, consolidated net revenues rose from 7 percent year-on-year to reach $5 billion, with trading and clearing net revenues coming in at 2.4 percent. This is up by 14 percent from the previous year.
The fixed income and credit segment was again the stand out for the unit, with net revenues increasing by an impressive 72 percent from $139 million to reach $240 million for the whole year.
Cash equities and equity options also saw a year-on-year increase. Specifically, net revenue for the segment was $327 million which is 14 percent higher than that achieved in 2017 ($286 million).
"In addition to record revenues, we generated record cash flows in 2018, enabling us to return nearly $1.8 billion in capital to stockholders, more than any year in our history,” added Scott Hill, ICE Chief Financial Officer.
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), has reported its financial results for both the final quarter and full year of 2018 this Thursday.
For the fourth quarter, which ended on December 31, 2018, consolidated net revenue was $1.31 billion. This represents an increase of 14 percent when compared to the same time period in the previous year.
From this, trading and clearing revenues contributed $657 million, which represents a jump of 27 percent year-over-year. Breaking this down, fixed income and credit revenue was $83 million, up by a significant 152 percent from the $32 million reported in the fourth quarter of 2017.
Cash equities and equity options revenue for the fourth quarter also increased by 35 percent year-on-year, moving from $70 million in Q4 of 2017 to $93 million in the current period.
Commenting on the quarterly performance, ICE Chairman & Chief Executive Officer, Jeffrey Sprecher said: “2018 marked our 13th consecutive year of record revenues - a track record directly attributable to customer demand for our Risk Management solutions and the investments we've made to enhance our technology, expand our content and broaden our distribution."
“As we look to 2019, we remain focused on bringing mission-critical solutions to our customers and delivering value to our stockholders."
ICE Saw Strong Performance in 2018
Taking a look at the whole year, consolidated net revenues rose from 7 percent year-on-year to reach $5 billion, with trading and clearing net revenues coming in at 2.4 percent. This is up by 14 percent from the previous year.
The fixed income and credit segment was again the stand out for the unit, with net revenues increasing by an impressive 72 percent from $139 million to reach $240 million for the whole year.
Cash equities and equity options also saw a year-on-year increase. Specifically, net revenue for the segment was $327 million which is 14 percent higher than that achieved in 2017 ($286 million).
"In addition to record revenues, we generated record cash flows in 2018, enabling us to return nearly $1.8 billion in capital to stockholders, more than any year in our history,” added Scott Hill, ICE Chief Financial Officer.
FX Volatility Impacts Q1 Revenue of Compagnie Financière Tradition
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
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#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
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#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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