Intercontinental Exchange’s Data Revenue Growth Goal Is on Track
Wide-moat Intercontinental Exchange remains on track to deliver on guidance, while higher market volatility should provide near-term upside to earnings. The company reported net income of $464 million, or $0.79 per diluted share, on a record $1.2 billion of net revenue for the first quarter of 2018. Data revenue grew 6% on an organic basis, in line with guidance of 6% to 7% for the year. Data and analytics revenue is what many exchanges are counting on to grow earnings in the medium term, with m...Intercontinental Exchange is a holding company. Through its subsidiaries, the company is a global operator of regulated exchanges, clearing houses and listings venues, and a provider of data services for commodity, financial, fixed income and equity markets. The company operates regulated marketplaces for listing, trading and clearing an array of derivatives contracts and securities across primary asset classes, including metals, equities, bonds and currencies, and also provides mortgage and technology services. In addition, the company provides data services to support the trading, investment, risk management and connectivity needs of customers. The company has two segments: Trading and Clearing and Data and Listings.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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