This is the 22nd consecutive quarter that has experienced a YoY growth in revenues.
Intercontinental Exchange (ICE), a global network of exchanges and clearinghouses, announced its third quarter results for 2018 on Wednesday. Despite uncertain market conditions, the company still managed to see an uptick in revenue - marking the 22nd consecutive quarter of year-over-year revenue growth.
In the third quarter, which ended on September 30, 2018, ICE achieved consolidated revenue of $1.2 billion. This figure is comprised of data and listings revenue and trading and clearing revenue, representing an overall increase of five percent year-on-year.
Revenue for ICE’s data and listing segment was $642 million in the third quarter. This is up - but not by much - on an annual basis, climbing by three percent from last year’s revenue of $623 million.
For the trading and clearing segment, revenue came in at $558 million. When compared to the same time period last year, which experienced a revenue of $523 million, this is an increase of three percent.
Commenting on the results, ICE Chairman & Chief Executive Officer, Jeffrey Sprecher said: “our third quarter performance reflected strength across our futures, cash equities, listings and data services businesses, marking the 22nd consecutive quarter of year-over-year revenue growth.
“Against an uncertain regulatory and political backdrop, we are focused on driving innovation, delivering growth and helping to serve our customers’ Risk Management needs.”
Breaking Down Trading and Clearing Revenue For ICE
In the third quarter of 2018, energy futures and options revenue were flat on a yearly basis. The rate per contract (RPC) was up by seven percent year-on-year but this was offset by a fall in average daily volume (ADV) of six percent.
Ags and metals futures and options revenue during the quarter was up, jumping by 17 percent when compared to the same quarter of 2017. This uptick was largely driven by a 16 percent increase in ADV and a 1 percent increase in RPC.
Revenue for US cash equities and equity options also experienced a small boost, increasing by 8 percent year-on-year. This was largely thanks to a 31 percent increase in the ADV of equity options, as well as a seven percent jump in the ADV of US cash equities.
Over-the-counter (OTC) and other transaction revenues were up by 40 percent in the third quarter of 2018. According to the statement, this was due to a seven percent increase in CDS clearing revenue and the addition of BondPoint and TMC Bonds.
Scott Hill, ICE Chief Financial Officer, added: “through the end of the third quarter, we have grown revenues and earnings, generated record operating cash flows and returned nearly $1.5 billion to stockholders - more than any full year in our history. As we approach the end of 2018, we remain focused on our growth initiatives and value creation.”
Intercontinental Exchange (ICE), a global network of exchanges and clearinghouses, announced its third quarter results for 2018 on Wednesday. Despite uncertain market conditions, the company still managed to see an uptick in revenue - marking the 22nd consecutive quarter of year-over-year revenue growth.
In the third quarter, which ended on September 30, 2018, ICE achieved consolidated revenue of $1.2 billion. This figure is comprised of data and listings revenue and trading and clearing revenue, representing an overall increase of five percent year-on-year.
Revenue for ICE’s data and listing segment was $642 million in the third quarter. This is up - but not by much - on an annual basis, climbing by three percent from last year’s revenue of $623 million.
For the trading and clearing segment, revenue came in at $558 million. When compared to the same time period last year, which experienced a revenue of $523 million, this is an increase of three percent.
Commenting on the results, ICE Chairman & Chief Executive Officer, Jeffrey Sprecher said: “our third quarter performance reflected strength across our futures, cash equities, listings and data services businesses, marking the 22nd consecutive quarter of year-over-year revenue growth.
“Against an uncertain regulatory and political backdrop, we are focused on driving innovation, delivering growth and helping to serve our customers’ Risk Management needs.”
Breaking Down Trading and Clearing Revenue For ICE
In the third quarter of 2018, energy futures and options revenue were flat on a yearly basis. The rate per contract (RPC) was up by seven percent year-on-year but this was offset by a fall in average daily volume (ADV) of six percent.
Ags and metals futures and options revenue during the quarter was up, jumping by 17 percent when compared to the same quarter of 2017. This uptick was largely driven by a 16 percent increase in ADV and a 1 percent increase in RPC.
Revenue for US cash equities and equity options also experienced a small boost, increasing by 8 percent year-on-year. This was largely thanks to a 31 percent increase in the ADV of equity options, as well as a seven percent jump in the ADV of US cash equities.
Over-the-counter (OTC) and other transaction revenues were up by 40 percent in the third quarter of 2018. According to the statement, this was due to a seven percent increase in CDS clearing revenue and the addition of BondPoint and TMC Bonds.
Scott Hill, ICE Chief Financial Officer, added: “through the end of the third quarter, we have grown revenues and earnings, generated record operating cash flows and returned nearly $1.5 billion to stockholders - more than any full year in our history. As we approach the end of 2018, we remain focused on our growth initiatives and value creation.”
EU Parliament Imposes €10,000 Cash Payment Limit in New Anti-money Laundering Legislation
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!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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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.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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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.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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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
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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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.
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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
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Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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
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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.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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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.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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