Intercontinental Exchange (ICE) CEO, Jeffrey C. Sprecher will present at the Goldman Sachs Financial Services Conference on December 10. With strong global market dominance and resilient exchanges and data-driven growth, the company shines under the spotlight. Despite minor hitches like a $10 million penalty over a cyber intrusion, the company's financials look robust, with cash flow for dividends at $-1,022 million TTM as of September 2024 and free cash flow of $3,433 million TTM during the same period.
The company is reportedly in talks to acquire crypto firm Bakkt and has announced plans to extend weekday trading to 22 hours with the SEC nod for a 24-hour stock exchange. The ICE also reported record trading volumes and record revenues in Q3 2024 earnings call, while its October trading volume surged by 40%, marking the highest volume month in the company's history. ICE’s benchmark EUA Carbon Pricing was adopted by Worldscale for its tanker freight rates, and the company has initiated a partnership with Space Intelligence to launch commodity traceability service. However, ICE's Q3 2024 results were inline, with a mixed guidance.
Intercontinental Exchange ICE News Analytics from Sat, 10 Feb 2024 08:00:00 GMT to Fri, 29 Nov 2024 11:40:47 GMT - Rating 7 - Innovation 5 - Information 7 - Rumor -5
