INTERCONTINENTAL EXCHANGE

Total open interest on a year-over-year basis was up 11%.

The company gained $900 million from that single trade.

Via the partnership, the startup can offer its broker clients unique pricing and normalised exchange data.

The net revenue for the quarter remained at $1.4 billion, with an adjusted operating margin of 59%.

Total Open Interest +5% y/y, Energy Open Interest +19% y/y.

Rowe is currently the Corporate Risk Officer for ICE’s North American Exchanges.

Serafini has been the Interim President of the London-based clearinghouse since February 2020.

ICE is yet another exchange that has benefitted from the returning volatility so far this year.

The sum involved in the deal is undisclosed.

The exchange operator said it is not in negotiations regarding the sale with eBay.

Vice will remain as an advisor to ICE until February 2022.

The instrument will be both physically and cash-settled.

The company also saw an uptick in revenue during the quarter.

The regulator appears to be opposed to the exchange operator's custodial and collateral plans

2018 was the 13th consecutive year to deliver record revenues for ICE.

ICE disclosed weak metrics across its foreign exchange and credit volumes, which averaged 29,000 contracts per day.

Volatility consolidated last month on a typical calm ahead of the year-end.

Kenney joins the company with more than two decades worth of experience in the financial technology industry.

This is the 22nd consecutive quarter that has experienced a YoY growth in revenues.

The exchange operator has not immediately stated why the launch of the contracts has been delayed by one month.

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