1 Number I'm Watching at Intercontinental Exchange
Volatility is a great thing for stock exchanges. It certainly has been for Intercontinental Exchange (NYSE: ICE), where big jumps in trading volume in March helped make its first-quarter report one for the ages. Did the company pull a repeat in the second quarter? We'll find out soon when it reports earnings on July 30. Here is what I will be looking for.
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Intercontinental Exchange is one of the world's leading operators of securities exchanges and financial data providers. The company has grown largely by acquisition from an over-the-counter energy trading exchange to its modern form, which encompasses venerable exchanges such as the New York Stock Exchange, the New York Board of Trade, and Euronext. As it has grown, ICE has ventured into mortgage operations, with its ownership of the Mortgage Electronic Registration Systems (MERS), a sort of clearinghouse for mortgage data. ICE also owns Simplifile, which helps automate the home purchasing process.
Source Fool.com
