{"id":1278141,"date":"2026-06-05T11:34:23","date_gmt":"2026-06-05T08:34:23","guid":{"rendered":"https:\/\/www.etoro.com\/?p=1278141"},"modified":"2026-07-15T23:48:36","modified_gmt":"2026-07-15T20:48:36","slug":"deep-dive-can-nyse-owner-ice-heat-back-up","status":"publish","type":"post","link":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/market-insights\/deep-dives\/deep-dive-can-nyse-owner-ice-heat-back-up\/","title":{"rendered":"Deep Dive: Can NYSE-Owner ICE Heat Back Up?"},"content":{"rendered":"

The Daily Breakdown takes a closer look at Intercontinental Exchange as shares tumble lower despite steady growth expectations.<\/p>\n

Interested in more Deep Dive content? Check out <\/span><\/i>our latest research<\/span><\/i><\/a>.\u00a0<\/span><\/i><\/p>\n

Deep Dive<\/b><\/h2>\n

Many investors may not be familiar with Intercontinental Exchange<\/a>, but they have likely heard of its prized possession: the New York Stock Exchange. While the NYSE is perhaps the company\u2019s most famous asset, ICE is much more than a stock exchange operator.<\/span><\/p>\n

The company also runs global exchanges, clearing houses, market-data services, fixed-income platforms and mortgage technology tools. Its reach spans futures and options tied to energy, agriculture, metals, rates, currencies and equities \u2014 including Brent crude futures, one of the world\u2019s key oil benchmarks \u2014 making ICE a major piece of financial market infrastructure.<\/span><\/p>\n

While ICE got off to a strong start this year, it and its peers were briefly swept up in the so-called <\/span>\u201cSaaSpocalypse\u201d trade<\/span><\/a> \u2014 the concern that AI could disrupt software, payments and, apparently, even exchange businesses.<\/span><\/p>\n

The latest selloff<\/span><\/a> does not appear to be driven by those same SaaS-related worries, but Intercontinental Exchange has not been alone. CME Group<\/a> and Cboe Global Markets<\/a> have also come under significant pressure. So how does that compare with the underlying business? Let\u2019s take a look.<\/span><\/p>\n

\"ICE
Source: Bloomberg, eToro. June 3, 2026<\/em><\/figcaption><\/figure>\n

Future Growth Projections<\/b><\/h3>\n

In the world of exchange operators, volatility equals volume and volume equals profit. So the more recent low-volatility environment may explain some of the weakness that has come into play for this group, even though the business remains relatively healthy. Earnings trends for ICE over the last one, three and six months have increased by 0.9%, 6.1%, and 8.5%, respectively.\u00a0\u00a0<\/span><\/p>\n

According to Bloomberg, analysts project the following:<\/span><\/p>\n