Intercontinental Exchange Reports Strong Financial Results in 2020

Energy open interest jumped 7% as the average daily volume of the futures and options spiked 6%, compared to 2019.

Intercontinental Exchange (ICE), a Fortune 500 company and the operator of the New York Stock Exchange (NYSE), has announced its financial results for Q4 and the full-year of 2020. The exchange reported a 7% jump in energy open interest (energy OI) including a significant 15% rise in energy average daily volume (energy ADV) annually, compared to the previous year.

According to the official press release, ICE recorded an 85% jump in NYSE equity options ADV in Q4 of 2020, compared to the same period in 2019. Overall, NYSE equity options ADV was up 61% annually in 2020, compared to the previous year.

Additionally, the exchange reported a rise in NYSE cash equities ADV, Equity Index OI, Sterling OI, Sugar OI, SONIA OI, Record SOFR OI, Environmental OI, Crude and Refined Products, North American natural gas OI, European natural gas OI and Gasoil ADV.

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Commenting on the recent financial results, Ben Jackson, President of Intercontinental Exchange, said: “Throughout 2020 our customers once again navigated a range of uncertainties and risks across global markets. By staying close to our customers and combining our world-class technology with mission-critical data and seamless connectivity, we enable our customers to capture gains in efficiency, and this advances the networks we operate and the value proposition we bring to our customers.”

ICE’s Update

In addition to the recent financial results, ICE outlined the expectations for the Q4 expenses. “ICE now expects the fourth-quarter GAAP non-operating expenses to be in the range of $72 million to $77 million. Adjusted non-operating expenses are expected to be in the range of $126 million to $131 million due to updated projections of the OCC’s estimated profits for 2020,” the official announcement states.

2020 has been a good year for the exchange as ICE posted a solid net income of $523 million in Q2, a 10.8% jump compared to the same period in 2019. Increased volatility and growing interest in different financial products helped ICE post strong results in 2020.

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