Exchange Q2 Results Continue Data Revenue Growth
Data revenues continued to rise, contributing to "record" quarterly results for some exchanges.
Intercontinental Exchange posted net revenues of $1.1 billion, up 7 percent from $1.05 billion a year earlier. “Record” data services revenue following the acquisition of Interactive Data last year accounted for $497 million, up from $205 million in Q2 2015. In a conference call, ICE chief financial officer Scott Hill said ICE is reaching data synergies “sooner than expected,” which is reflecting positively in its results. Hill added that the strong performance was enabled by a high retention
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