(ICE), the parent company of the New York Stock Exchange (NYSE), has reported its financial results for both the final quarter and full year of 2018 this Thursday.
For the fourth quarter, which ended on December 31, 2018, consolidated net revenue was $1.31 billion. This represents an increase of 14 per cent when compared to the same time period in the .
From this, trading and clearing revenues contributed $657 million, which represents a jump of 27 per cent year-over-year. Breaking this down, and credit revenue was $83 million, up by a significant 152 per cent from the $32 million reported in the fourth quarter of 2017.
Cash equities and equity options revenue for the fourth quarter also increased by 35 per cent year-on-year, moving from $70 million in Q4 of 2017 to $93 million in the current period.
Source: Intercontinental Exchange
“As we look to 2019, we remain focused on bringing mission-critical solutions to our customers and delivering value to our stockholders.”
ICE Sees a Strong Performance in 2018
Taking a look at the whole year, consolidated net revenues rose from 7 per cent year-on-year to reach $5 billion, with trading and clearing net revenues coming in at 2.4 per cent. This is up by 14 per cent from the previous year.
The fixed income and credit segment was again the stand out for the unit, with net revenues increasing by an impressive 72 per cent from $139 million to reach $240 million for the whole year.
Cash equities and equity options also saw a year-on-year increase. Specifically, net revenue for the segment was $327 million which is 14 per cent higher than that achieved in 2017 ($286 million).
Source: Intercontinental Exchange
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