EU and US could reach trade deal this weekend - Reuters
LONDON/NEW YORK - Intercontinental Exchange, Inc. (NYSE:ICE), a $103.8 billion market cap exchange operator trading near its 52-week high of $183.99, announced record trading activity across its markets during the first half of 2025, with 1.2 billion futures and options contracts traded, according to a company press release. InvestingPro data shows the company has delivered impressive 12.9% revenue growth over the last twelve months.
The exchange operator reported average daily volume reached 10 million contracts, with approximately 6 million being commodity contracts. Trading volumes across ICE’s markets increased 24% year-over-year, while open interest rose 10%.
Energy trading set new records with 673.4 million energy futures and options contracts traded. Oil trading reached 400.8 million contracts, while natural gas trading hit 250.8 million contracts. Environmental trading also achieved a record with 10.6 million contracts.
In financial markets, ICE saw record volumes in interest rate trading with 461.9 million contracts, part of the broader 512.0 million financial futures and options contracts traded.
Several global benchmarks achieved record trading volumes, including ICE Brent crude oil (211.4 million contracts), ICE WTI crude oil (55.3 million), ICE Gasoil (53.5 million), ICE TTF natural gas (61.2 million), ICE Euribor (283.3 million), and ICE SONIA (114.0 million).
"In these market conditions, customers favor liquidity and the record first half for volumes traded has been accompanied by record open interest in June as customers utilize the liquidity across ICE’s markets to manage risk exposure across asset classes," said Trabue Bland, SVP, Futures Exchanges at ICE. According to InvestingPro analysis, ICE maintains strong financial health with an EBITDA of $5.8 billion and has consistently raised its dividend for 13 consecutive years.
Intercontinental Exchange operates futures, equity, and options exchanges, including the New York Stock Exchange, and provides financial technology and data services across major asset classes. InvestingPro subscribers can access 10+ additional exclusive insights about ICE, including detailed valuation analysis and comprehensive financial health scores, through the platform’s in-depth Pro Research Report.
In other recent news, Intercontinental Exchange (ICE) reported record trading volumes across multiple markets in June 2025, with a notable 21% year-over-year increase in average daily volume (ADV) and a 9% rise in open interest. The energy markets showed significant growth, with a 28% jump in ADV, while oil trading volumes surged by 43%. UBS recently raised its price target for ICE to $210 from $195, maintaining a Buy rating, as they revised their earnings and revenue forecasts upward due to increased trading activity and favorable conditions. The firm projects a 14% year-over-year growth in exchange revenue and a 1% increase in the Financial and Data Services segment.
Additionally, ICE announced its dual-listing on NYSE Texas, expanding its exchange operations into a new geographic region. This move aligns with the company’s strategy to leverage Texas’s business-friendly environment. In the mortgage sector, ICE’s April 2025 First Look report showed a rise in foreclosure activity for U.S. VA mortgages following the expiration of the foreclosure moratorium. The report highlighted a 14% annual increase in serious delinquencies and a notable rise in foreclosure sales.
These developments come as UBS reaffirms its positive outlook on ICE, citing structural opportunities in its core energy and mortgage technology businesses. The company remains focused on organic growth, with management showing little interest in inorganic expansion in execution businesses. Regulatory conditions are expected to remain supportive, with management monitoring stablecoin legislation developments.
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