The (ICE) is the latest financial institution to report its financial results for the first quarter of 2019, revealing another quarter of revenue growth for the parent company of the New York Stock Exchange.
For the first quarter of 2019, net revenue for the firm was $1.27 billion, which is higher by 4 per cent year-on-year. Consolidated net income attributable to ICE was $484 million.
Source: Intercontinental Exchange
Breaking revenues down, the trading and clearing segment achieved net revenues of $613 million during the quarter. When measuring this against the same quarter of the previous year, this is higher by 3 per cent.
Fixed Income Revenues Grow in Q1 of 2019 on ICE
Contributing to this, revenues made from was $87 million. Comparing this with the first quarter of 2018, which noted revenue of $56 million for fixed-income and credit, revenues grew by 54 per cent year-on-year.
Revenues from agriculture and metals trading, however, fell on a year-on-year comparison. Specifically, revenues dropped by 5 per cent from $65 million in Q1 of 2018 down to $62 million in the most recent quarter.
Source: Intercontinental Exchange
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