How NYSE-Owner Intercontinental Exchange Profits from Selling Market Data
Intercontinental Exchange (NYSE: ICE) is one of the leading global operators of financial exchanges. The company operates the New York Stock Exchange in addition to several other exchanges, clearinghouses, and listing venues. While Intercontinental's bread and butter has historically been trading commissions, the company has also been able to monetize the data generated by its exchanges in a very meaningful way. In fact, Intercontinental has been so successful at monetizing its data assets that revenue generated by data and subscription-based software now accounts for a majority of the company's business.
Intercontinental Exchange's business involves facilitating trades through its exchanges, settling trades through clearinghouses, and selling data to market participants to gain better insights into what is driving price movements.
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Source Fool.com
