UBS has reiterated its Buy rating for Intercontinental Exchange, Inc. (ICE), a prominent operator of regulated futures exchanges and over-the-counter markets for various commodities and financial products.
ICE offers a wide range of contracts, including agricultural, energy, equity index, and currency contracts, as well as credit derivatives. It serves a global participant base through its advanced technology infrastructure and trading platform.
The company's revenue breakdown shows that the operation of futures and OTC markets accounts for 64.2% of its revenue, while bond analysis, execution, and data publication contribute 22.5%. Additionally, 13.3% of revenue is generated from its technology platform for residential mortgages. Notably, the United States is a significant market for ICE, representing 65.7% of its net sales.